Page 21 - BENTLEY SYSTEMS PR REPORT - APRIL 2024

Creating an Environment and Culture that Fosters

Innovation
Fourth, it is important to foster a culture of innovation and experimentation in your firm
by encouraging creativity, collaboration, learning, and risk-taking. You need to create an
environment in which people can explore new ideas, technologies, methods, and
solutions, without fear of failure or criticism. Provide them with the necessary resources,
tools, time, and space to experiment with new possibilities. Reward innovative efforts
and outcomes. Adopt an agile and iterative approach to IT and digital development and
delivery by using methods such as design thinking, prototyping, minimum viable product
(MVP), or DevOps. These methods allow you to test assumptions quickly, validate
solutions with real users’ feedback, deliver value faster, learn from failures, and adapt to
changing requirements.

Collaborating and Communicating Across Your Firm

Finally, be sure to communicate and collaborate with the rest of the firm on new
initiatives. Transparency ensures alignment and support. It also helps build trust and
rapport with your peers in other functions, such as finance, marketing, sales, operations,
or human resources. Communicating and collaborating with your wider business lines
opens the door to a deeper understanding of their needs, expectations, and concerns
regarding IT and digital projects and initiatives. You should be able to clearly
demonstrate how your projects or initiatives can add value to their functions, solve their
problems, or enhance their performance.

You also need to solicit their input, feedback, and suggestions on how to improve the
project portfolio. Every project is an investment in company resources, so having
alignment is crucial because this investment has an opportunity cost of resources not
being used on something else. If you can align your projects or initiatives with the
overall corporate vision, mission, and values, and clearly communicate the purpose,
goals, and benefits of each project in the portfolio, there’s no doubt you will gain broad

https://techitupme.com/5-steps-to-balancing-it-cost-containment/