Behind every successful project is a forward thinking project manager and their team. Project managers and their teams pour their blood, sweat, and tears into their projects. As a recognition of the hard work that team members put in and the sacrifices they make to steer the project in the right direction, businesses must design and implement a bonus plan for the project manager and their team.
A key performance indicator or KPI is a measured value indicating how effective an organization is in achieving its key business goals. In the context of project management, it demonstrates how successful the project was in benefiting all the people involved: stakeholders, customers, employees, and the community as well. Without KPIs, it would not be possible to assess the progress of the projects towards fulfilling the goals set. Here are six such key performance indicators [...]
With technology becoming a major component of Project Management, the protection of project information is of the utmost importance. In this blog, we look at the most significant information security risks that affect PM (Project Management) and how to combat them.
The Finnish National Opera and Ballet (SKOB) is procuring Thinking Portfolio's project portfolio in order to provide better visibility of current projects for the staff and make managing the project portfolio easier.
When Elo began searching the markets for a suitable project portfolio solution, the goal was to improve reporting and transparency. Elo was looking for better transparency in development work, and a tool that would make resource planning easier and resources more visible. Thinking Portfolio has enabled Elo to plan and allocate resources more comprehensively – providing transparency on allocated development resources while exposing any resourcing bottlenecks.
Administrative documentation was previously handled with Office tools. This meant a significant amount of copying and entering identical content on several documents. NLS has been particularly satisfied with the clarity of Thinking Portfolio, in which the content comes from one source regardless of its end use. Furthermore, less work means fewer errors.
Helen Electricity Network is currently implementing the project portfolio, but so far, the user feedback has been cautiously optimistic. The tool is easy to use and helps eliminate extra work. The previously used spreadsheets were packed with data. The spreadsheets were also prone to errors. Now the company can wave goodbye to the old protocol; all data is reliably stored and readily available in one solution.
While Kanban today is a complicated system of elaborate protocols and operational standards, back in the days in Japan, it had humble origins of sticking cards containing information on various part trays, trolleys, and inventory assets. The cards represent the demand or the lack of it based on which processes and inventory will be managed downstream. Kanban boards are the philosophy of Kanban boiled down to management structures and dashboards. It is simply a board that is used to establish proper Kanban practices at work.
Any project relies heavily on the communication between all parties involved. This means that the more effective and timely important information is transferred, the higher the chances are that the project will be a major success.
Impact investing is a special type of capital investment where the investor is not only interested in earning revenue but also bring about a social or environmental change in a perceivable manner. Impact investing can be done in all kinds of markets, be it developed or emerging. Impact investment helps in addressing some of the critical global issues such as climate change, agriculture, poverty, sustainable development, clean power, micro-financing, and healthcare among others. There are [...]
Traffic is a real-time dynamic system that is constantly changing. Every tiny change in traffic has repercussions down the line. The field of RTM or road traffic management has come about to manage such systems and prevent traffic jams and random congestion. These systems use data analytics to predict and manage traffic.
Following any kind of agile tactic requires the entire team to come together and work as one unit. Whether you utilize Kanban or scrum boards or Kanban backlogs, or a combination of the two such as Kanplan, without a top-down integration with the program, building an agile team is impossible.
Every project manager worth their salt knows that the success of a project depends on the people working at it. So, it shouldn’t come as a surprise when we say that there needs to be a sense of community surrounding any project. After all, the project’s success is dependent on cooperation and team spirit.
An updated edition of the Thinking Portfolio Application Portfolio White Paper has been released!
We’ve published an updated edition of the Customer Case Stories E-book. It gives an overview on how our customers have benefitted from our portfolio management tool. Our clients include large international corporations, middle-sized enterprises, and public sector organizations. Our products have over 60 000 users in 50 countries.