A business process and portfolio management approach for Industry 4.0 transformation
Business Process Management Journal
ISSN: 1463-7154
Article publication date: 28 December 2020
Issue publication date: 5 March 2021
Abstract
Purpose
The purpose of this paper is to address the difficulties faced by manufacturing enterprises by providing a project portfolio management approach supporting the selection and prioritization of various Industry 4.0 projects where business process analysis is used to ensure the strategic alignment and value of the project portfolio.
Design/methodology/approach
The design research methodology, a mixed applied research methodology, was used to develop and test the proposed approach.
Findings
Despite the growing interest of the scientific and industrial communities in I4.0, it seems that there is no method by which manufacturing companies can select a large number of improvement projects. Moreover, studies tend to focus on the evaluation and implementation of a single technology, while the transformation of an intelligent plant requires the consolidation and coordination of many initiatives to achieve a global objective.
Originality/value
The proposed project portfolio management model offers support to enterprises during their digital transformation and improves their processes by integrating technology levers through consistent and achievable selection of I4.0 initiatives while meeting strategic goals and objectives.
Keywords
Acknowledgements
This work has been supported by the Jarislowsky/SNC-Lavalin Research Chair in the Management of International Projects. This support is gratefully acknowledged.
Citation
Richard, S., Pellerin, R., Bellemare, J. and Perrier, N. (2021), "A business process and portfolio management approach for Industry 4.0 transformation", Business Process Management Journal, Vol. 27 No. 2, pp. 505-528. https://doi.org/10.1108/BPMJ-05-2020-0216
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited