Portfolio Management – Back to Basics Podcast Episode 3
We've published the third episode of our new Podcast Series Portfolio Management – Back to basics. Give it a listen!
We've published the third episode of our new Podcast Series Portfolio Management – Back to basics. Give it a listen!
Thinking portfolio launched the social responsibility program Young Talent for Finnish universities on May 3, 2019. As part of the program, Thinking Portfolio provides a standard project portfolio free of charge for educational use. Nobody expected the upcoming covid-19 crisis in the spring of 2019, but it was clear to us that companies needed faster responsiveness combined with holistic management. We wanted to commit ourselves in increasing the skills and understanding of portfolio management ...
We've published the fourth episode of our new Podcast Series Portfolio Management – Back to basics. Give it a listen!
To help residents and entrepreneurs as efficiently and quickly as possible and in the most customer-friendly way, the service processes of the municipality of Westland are being digitised to the extent possible. Complexity of the ICT infrastructure and interdependency of systems require a coherent, well-prioritised, project-based approach. The 'Thinking Portfolio' project portfolio software has given the Municipality of Westland a means of keeping an overview of all changes, allowing it to work in a more structured and project-based manner. Clusters and teams have an overview of all wishes, current programmes and projects and the resulting obligations and resource load.
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 200 000 users in 50 countries.
Erasmus University Rotterdam (EUR) invests long-term in the improvement and renewal of education, research and business operations, both at faculty level and for the institution as a whole. These change initiatives are often implemented through projects and programmes. The scope, coherence and complexity of the changes are increasing and controlling and managing the changes is becoming increasingly risky. Making the right choices is key for proper implementation of the EUR strategy. This requires overview and insight. Possible interdependencies must be transparent and it is important to know what capacity utilisation of people and resources is required with respect to all initiatives.
All projects with an information/ICT aspect carried out within the province of North Holland are part of the i-Portfolio. This i-Portfolio was recorded and maintained using multiple spreadsheets and various reports. Within the CIO office the need arose for supporting project portfolio management software. Thinking Portfolio was chosen following a thorough selection process.
When Lindström started implementing the Thinking Portfolio’s project portfolio, they had their project model in mind. The portfolio was modified to support the project model and Lindström’s corporate strategy. In connection with the implementation, it was noticed that the deployment of the project model still required work. The quality of the data was not what was desired, and the prioritization of projects had not been implemented to the expected extent, says Heidi Rääsiö, Head of IT People and Strategy.
Before the introduction of the Group Portfolio, the management of the information needed by the City of Lahti’s owner governance was challenging. There was no unified tool for storing and processing information. Because finance, organizational management, and economic planning had their own data collection tools, it was not necessarily known what information was collected by other parties, and the information available was not always up to date.
First, a development portfolio was introduced in Tuusula, followed by piloting of the objective portfolio. The Tuike project model was developed in the municipality of Tuusula during 2015-2016, and the project portfolio was built in Sharepoint. The project was a good foundation from which it was easy to start further development.
The City of Jyväskylä’s project portfolio working group has three months of effort in Thinking Portfolio’s project portfolio definition and suitability testing. During the testing phase, a few IT projects were added to the portfolio by pilot users, and we are now ready for production.
Suominen’s project portfolio acquisition process started from the requirements of an extensive development project, the cost-effectiveness program Optima. The Optima program involved dozens of different programs and projects of various sizes. In the initial phase of Optima, it was stated that it is necessary to say goodbye to the “Excel era.” Following Optima’s example, the Thinking Portfolio project portfolio was also launched by Suominen’s R&D development projects, growth investments, and ICT, whose projects were previously managed using Excel and Word as well.
The combination of the Thinking Portfolio’s project portfolio and the risk portfolio has streamlined the handling of both development projects and risk management in a unified environment. First, the project portfolio, together with the renewed project model, was introduced, and the positive experiences gained from it helped in the selection when the risk portfolio was acquired, says Development Manager Matti Tähtinen from Fingrid.
With more than 12,000 employees, the University Medical Centre Utrecht, of which the Wilhelmina Children's Hospital is a part, is one of the largest public healthcare institutions in the Netherlands and the largest employer in the region. UMC Utrecht has been using Thinking Portfolio since January 2018 to have an overview and insight about the ICT projects.
What are the first steps Project Office, PMO, or the owner of a portfolio has to take to deliver portfolio information into the agenda of the Management Group? How to bring the portfolio to the core of strategic discussion and make each member of the Management Group interested in it? What triggers the Senior Management to focus on the Portfolio?