The traditional project-focused approach to technology planning and funding is inefficient and no longer sustainable in today’s fast-paced business environment. Instead, organizations should adopt a people-centric planning approach that prioritizes funding products and teams that deliver value.

Key principles of this approach include:

* Teams have persistent, long-term funding
* Teams are organized around products and value streams, rather than departments
* Teams work towards common, business-level objectives

To empower teams, leaders need to decentralize authority and trust team members to make decisions. This approach eliminates the need for one-time funding of individual projects and instead provides continuous funding for teams creating products and services that deliver value.

Metrics are used to guide teams in prioritization and tracking progress, with portfolio-level decisions made at the beginning of the fiscal year. Leaders may decide to reduce or eliminate funding for a team that’s no longer delivering value, based on defined metrics.

This approach eliminates waste, inefficiency, and inflexibility, and instead establishes alignment around key business metrics, empowers teams, and streamlines governance.