APP
What does the APP stand for?
Asset & Product Portfolio
What does IIP stand for?
Integrated Investment Portfolio
what does SNOW stand for?
ServiceNow
What does IQ stand for?
What software do we use for the asset check
What percentage of IIP projects actually achieve global scale?
5%
What do we use SNOW for?
To help monitor all steps in an IQ intake process
When do you reach out to the requestor? (give 2 examples)
Initial introduction (if not within Americas Innovation)
Asset check results
Follow up regarding asset check results
Follow up about the request type (status updates)
Approximately how many assets are in the APP?
~2600
What are the 3 main steps in the funding review process?
Guiding questions, funding alignment, and funding presentation
What is one required field that needs to be filled out when you create a demand?
An inquiry type, pod lead, requestor, priority, looking to save time or cost, description, title
When do we "refer out" in the IQ process? * list 2 *
1. request is training related for internal/external use
2. out of scope for Americas Innovation
3. request is to develop an asset which does not appear to be relevant to EY service offerings or the needs of our clients
4. request is specific to other EY teams (e.g. canvas, mercury)
5. request is to develop market materials or proposal materials for EY pursuits
What are the three ways to benefit from the APP?
Contribute (higher ROI), Use as is (increase the margin on your acct), and repurpose (higher ROI & new value creation for the firm)
What does the investment portfolio do?
Establishes a dynamic funding approval process to ensure the best ideas get funded and provide transparency to leadership, and provide informing decisions across groups.
When do you check the "is this InnQuiry looking to save time or cost for EY practitioners"?
When it is an IQ related to the SDMT (service delivery model transformation) or CAP.
When is a requirement NOT met for an IQ process?
1. not enough information provided
2. lack of PPMD sponsor support (depends on request type)
3. request to develop or build an asset that already exists in the marketplace
4. project is too early in the ideation stage
What are the 7 asset phases? * list 5*
ideate, incubate, build, pilot, launch, operate and retire
What are the 7 red flags of the funding qualification criteria? * list 3 *
1. no PPMD sponsor
2. no client is directly attached
3. funding is purely requested to build GTM material
4. funding provides margin relief to an existing or future project
5. the request is for $1M + and requestor is not open to a staggered funding approach
6. request funding for development, build, or scaling of internal-use only assets
7. requestor is unable to substantiate the funding detail
What is required to be done when closing out a demand?
A closure code
What are the 7 steps in the InnQuiry (IQ) lifecycle * list 5*
1. submission & assignment
2. initial review
3. asset check/ registration
4. funding review
5. funding decision
6. resource request/ allocation
7. final decision