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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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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. These are classic inflection points for a development team.

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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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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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Technical Advisors: Every Startup Needs One

TechEmpower Innovation

Specifically, they should know about, and help with: Asking and answering the 53 Questions Developers Should Ask Innovators Knowing when and how to bring on development talent ( Hiring Developers Before Product/Market Fit? , Specifically, they pay attention to: Is our code scalable and extensible?

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5 Tech Issues That Can Slow Down Innovation

IdeaScale

The seeming slowdown in innovation is also partly due to expansion in outcome-based industries like finance and healthcare that are more difficult to measure than how many widgets one produces. Innovations like virtualization and utilizing proxy servers has been a boon for software research, development, and production.