Michael Bitar holds a master’s degree in economics from the University of Zurich and an executive master’s degree in business engineering from the University of St. Gallen. He is Head of Procurement at Bank Julius Baer in Zurich with global responsibility for all sourcing activities within the bank. Prior to joining Julius Baer, he was CPO of AXA Switzerland. Before focusing on sourcing, he managed the IT support functions within Winterthur Insurance for 11 years, being responsible for IT finance, project portfolio management, process management, organisational development and the outsourced data centre.
Publications
Part 4
Once the digital strategy and the roadmap to become a digital enterprise have been defined, putting this plan into action is the next step. Each potential digital project needs to be specified based on common criteria (cost to realise, time to market, expected benefit, necessary resources, constraints, interdependencies, risks, etc.) as a first step in order to assess its suitability in comparison with all other activities. It can then be placed in order of priority. The process is normally described as project portfolio management and is a formal approach that an organisation can use to align, prioritise and execute projects.
