In an age where creativity and innovation form the core of every business, social data and crowdfunding are two aspects of utmost importance. But, what is social data? What is crowdfunding?
The project steering committee is main governing body within an enterprise that looks after the proposal and execution of projects. They ensure that the proper deliverables are met and the project is in line with key company goals. This includes approval of budget, defining standards and goals, devising project strategy, risk assessment, quality checks and adherence to time-line. The project steering committee is the body to which a project managers report to. The project manager attends meetings and informs the committee regarding the status of the project along with addressing doubts and concerns.
With the rapid progress in AI, robotics and automation technologies, most jibs are being replaced by automated systems and robots. Be it a white collar job or a blue collar one, both are affected by the rise in automated technologies and machine learning. Growth in machine learning capabilities has allowed machines to become more independent by allowing them to react to real-time changes without being pre-programmed for such tasks. Also it doesn’t take long for them to analyze extremely large data sets and generate accurate reports. This has resulted in the disruption of current industrial practices.
Fazer Confectionery manages its projects with the Thinking Portfolio project portfolio. Focus, as the portfolio is called at Fazer, manages consumer product, raw material, product development and product decommissioning projects. Thinking Portfolio is the perfect platform for evolving projects Focus Friend Hanna Ikonen Fazer Confectionery’s project are unique and challenging with various requirements related to the process. “The old system was no longer sustainable for the ever-evolving environment, and the company decided to [...]
Thinking Portfolio combines projects, applications and resources. Keva’s persistent need to have an overview of its project portfolio was fulfilled with the implementation of Thinking Portfolio. In addition to its transparency, Thinking Portfolio provided the necessary view of resource needs, allowing Keva to adopt a systematic approach to resource planning.
Summary A short video tutorial covering the basic functionalities of Resource Planning in Thinking Portfolio on Project and Portfolio levels. Contents Resource planning on Project level Data on Project level Resources tab Information on Project Resources tab Features in Project Resource tab Reports related to Project level Resourcing Project level resourcing related reports Portfolio level resourcing Functionalities on the Portfolio level resourcing How to move between Portfolio and Project level resourcing views [...]
Project managers have to keep themselves ready at all times when it comes to managing a project. Right from the start when the plans are still being drawn up to the end of a project, changes are inevitable and occur over the course of the project lifecycle. The key is to work out how best to accommodate and adapt to these changes.
At the Turku University of Applied Sciences, Thinking Portfolio, affectionately known as TEPPO, is used for project planning, portfolio management, resource allocation and working-time monitoring. With the previous system coming to an end, it was time for a new project portfolio tool. Indeed, the former system simply could not meet today’s demands and users were looking for an application that better supported their work. One of the key criteria was the ability to motivate the user During the planning stage, [...]
For Gasum, Thinking Portfolio is a strategy, investment and IT portfolio. Currently, the most prominent area is investments going forward. In addition to the progress of investment projects, financial data and investments are monitored as a whole. According to Gasum’s Engineering Manager Mika Simola, reporting is done directly through the system.
For the execution of any project, organizations require resources such as people, material, equipment, time, knowledge and skill. But these come at a cost and so no firm has unlimited access to a range of resources. For maximizing profits, it is therefore important to share the available resources judiciously among projects such that all project deadlines are met while quality output is generated. That is why resource management is a critical aspect of any project, especially for efficient financial operations.
Thinking Portfolio was acquired as a replacement for earlier project portfolio application to address the evolving needs of the project and portfolio processes involved in development operations. According to Development Manager Sari Alm, Thinking Portfolio not only provided all of the necessary functions, but boasted many other welcome features as well.
Peikko Group has expanded quickly in recent years. The speed of growth has brought its own share of challenges from controlling project operations to steering operations in the right direction. According to Project Controller Satu Kannelvirta, the Thinking Portfolio’s project portfolio is an invaluable tool in managing growth, providing a general overview of project operations.
When the VR passenger services sector was looking to acquire a project portfolio, the various options were explored extensively. Thinking Portfolio was deemed to best serve the needs of the organisation. During the procurement stage, VR evaluated the features of competing applications and interviewed Thinking Portfolio’s customers, who added fresh impetus to the decision to implement the service. Another positive was Thinking Portfolio’s price point compared to its competitors.
Planning for a project requires a lot of decisions to be made on intuition and experience. There are times when shortcomings in the planning phase lead to disruption during execution. There are times when targets of the project are not met. No matter how unfortunate it might seem, when one notices early signs of failure one should terminate the project immediately to prevent further loss of time and resources.
Communication plays an important role in maintaining a good workplace culture. Effective and consistent communication is the key to creating an amiable atmosphere at an organization. Workplace culture starts at the top rung of the corporate ladder. It is up to the top level executives to establish smooth and efficient communication. Efficient communication is not established in a day. It is something that takes a considerable amount of time and effort.