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5 Key Strategies To Unlocking Software Development Efficiency in Financial Services

Planview

As digital transformation accelerates, technology leaders face unique challenges in optimizing software development and delivery. This blog examines the underlying factors contributing to productivity challenges in software development and delivery within financial institutions.

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Tech Leaders Are Rethinking Software Delivery. Here’s the Evolution Taking Shape

Planview

When it comes to software delivery, the topic of outcomes often comes up. For every dollar a typical company invests in software development, only about 25 cents supports the companys highest-priority business outcomes. Are we creating value rather than just features?

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Plan of Record Template

Leapfrogging

Many organizations run into challenges with project delivery due to shifting priorities, unclear commitments, or resource bottlenecks. Prioritize and Align to Strategic Goals Review proposed initiatives against organizational priorities. Obtain Executive Approval Review the draft Plan of Record with executive stakeholders.

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Gap Analysis Framework Strategy Template

Leapfrogging

For example, a technology company using Gap Analysis may discover that its software deployment speed is slower than competitors , leading to a plan for process improvements and automation. Define the Desired Future State Establish realistic targets for improvement by: Reviewing industry benchmarks and best practices.

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Technical Review: A Trusted Look Under the Hood

TechEmpower Innovation

Many CEOs of software-enabled businesses call us with a similar concern: Are we getting the right results from our software team? We hear them explain that their current software development is expensive, deliveries are rarely on time, and random bugs appear. What does a business leader do in this situation?

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Project Portfolio Management Template

Leapfrogging

This includes: Setting up a portfolio management office (PMO) or assigning a portfolio manager Establishing roles and responsibilities for decision-making Creating a governance structure for reviews, approvals, and escalations Clear governance ensures consistency, transparency, and accountability throughout the process.

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Critical Path Chart Template

Leapfrogging

Whether used in construction, software development, event planning, or manufacturing, this tool provides a clear roadmap for on-time delivery. Projects with multiple workstreams and task interdependencies benefit greatly from this method, as it clarifies which tasks are critical and which have flexibility.

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