Episode 59 – Process Inventory: Michael Schank

How do you plan your transformation? By looking out of the window or asking your two best friends? Or would it be better if you had an overview of all the things that your organization does – in the form of a process inventory?

Michael is a distinguished thought leader and executive, specializing in addressing Digital Transformation and Operational Excellence challenges through his innovative, process-based framework. With over 25 years of experience in the Financial Services industry, he has primarily served as a management consultant, empowering clients with forward-thinking solutions in technology, process, and risk and spearheading large-scale business and digital transformations. Michael brings a powerful combination of superior sales and delivery skills, having personally sold and delivered over $100M in consulting services.

He is the author of the forthcoming book, ‘Digital Transformation Success,’ in which he introduces his groundbreaking Process Inventory framework. This promises to be a transformative approach to achieving success in the digital era, unlocking unprecedented levels of operational efficiency and strategic alignment.

In this episode of the podcast we are talking about:

• Michael’s background
• Why do 70% of transformations fail?
• What is the Process Inventory Framework?
• What are the potential use cases?
• What are key success factors in this approach?
• Which role play CoEs and Process Owners?
• What are the steps to create and maintain a Process Inventory and the connected models?

Michael can be found on LinkedIn (of course) and on his website at https://www.processinventory.com/.

Please reach out to us by either sending an email to hello@whatsyourbaseline.com or leaving us a voice message by clicking here.

Ep. 59 – Process Inventory: Michael Schank – What's Your Baseline? Enterprise Architecture & Business Process Management Demystified

Additional information

• Michael’s new book will be available by the end of December 2023, and can be preordered for example on Amazon here: https://www.amazon.com/Digital-Transformation-Success-Achieving-Delivering/dp/1484298152.

Credits

Music by Jeremy Voltz, www.jeremyvoltzmusic.com

• CP1 (Welcome)
• Basement Apartment (Interlude 1)
• MetricOffBeat (Interlude 2)
• South Wing (Outro)

Roland Woldt

Roland Woldt is a well-rounded executive with 25+ years of Business Transformation consulting and software development/system implementation experience, in addition to leadership positions within the German Armed Forces (11 years).
He has worked as Team Lead, Engagement/Program Manager, and Enterprise/Solution Architect for many projects. Within these projects, he was responsible for the full project life cycle, from shaping a solution and selling it, to setting up a methodological approach through design, implementation, and testing, up to the rollout of solutions.
In addition to this, Roland has managed consulting offerings during their lifecycle from the definition, delivery to update, and had revenue responsibility for them.

Roland has had many roles: VP of Global Consulting at iGrafx, Head of Software AG’s Global Process Mining CoE, Director in KPMG’s Advisory (running the EA offering for the US firm), and other leadership positions at Software AG/IDS Scheer and Accenture. Before that, he served as an active-duty and reserve officer in the German Armed Forces.