Project business is one of the research areas of the University of Oulu's Industrial Engineering and Management (IEM) and it is also one of the main subjects of the Master's degree. One of the key teaching areas of project business is the management of entities consisting of several simultaneous projects that utilize joint resources.
More and more organizations decide to organize project portfolio management considering the needs of different business areas and the maturity of the operating methods.
Uncertainty is rarely an invited guest, but currently uncertainty has been assigned a permanent place on every planning and decision-making desk. Uncertainty can be seen in the operating environment in many ways and is reflected in daily management and decision-making. It is important to accept uncertainty and risks as part of what we do, just like quality, data security or sustainable development. Uncertainty and preparation for it is a matter for the entire organization, even ...
pma focus is the largest project management congress in Austria. Especially designed for professionals from the project management community, the yearly event presents a wide range of top-notch keynote speakers and workshops and is well known as the leading national event for project managers.
Project portfolio management is essentially a continuous process in which you select and manage the most conducive set of projects that have the maximum business value. The process demands dynamic decision-making on your part, enabling you to utilize your resources optimally and pay heed to projects that are in line with your business objectives. The timely and proper evaluation of this process is critical to achieving project success by creating value for your clients and customers.
A number of project portfolio management tools and methods have become incredibly popular nowadays. A growing number of businesses have implemented professional project portfolio management tools and processes. Yet, many companies are still running projects and handling portfolios with no support from dedicated teams or proper methods. So, why is project portfolio management important? For managing project portfolios, do you need to define or implement certain processes? Project portfolio management focuses on picking the right ...
An ex-post evaluation helps clarify the kinds of business benefits that were achieved through the project and whether the original goals were reached. At the same time, we can identify some concrete things we can learn from the Business case. Despite its many benefits, the ex-post evaluation of a project is not always carried out.
Sustainability can be divided into three main dimensions: economic, social and environmental. It is often defined as meeting the present needs without compromising the ability of the future generations to meet theirs. The challenge for organizations is to create long-term value by taking into account all the previously mentioned dimensions of sustainability. As the stakeholder expectations and regulative demands on business sustainability increase, companies need to act on sustainability. At first sight, the sustainability landscape ...
Collecting, evaluating, and reporting project-related data are integral functions of a project management office (PMO). Your PMO has to collect and synthesize a wide gamut of data to glean the right insights and comprehend the impact your project has on your business.
Thinking Portfolio launches Portfolio Management eAcademy, an online course on project portfolio management, open to all and in clearly explained language. The learning environment is open to everyone and is free of charge. Currently, eAcademy offers online courses in Finnish and English on project portfolio management. Thinking Portfolio is developing eAcademy in response to user feedback.
As a project manager, you cannot shoot darts in the dark. You need concrete, actionable data to know whether your project management methodologies and processes have taken you closer or farther away from your desired objectives.
We are in a situation where the company's management and board need a risk snapshot tool to quickly support their decision-making. Our survey shows that a large proportion of organisations use a patchwork of documents and spreadsheets for risk portfolio management, which do not provide an adequate snapshot of the risk management needed today.
Having access to the right data at the correct time is at the core of good project portfolio management. When decision-makers do not have access to the right data, you can only expect mediocre results. Portfolio management involves the selection of the right projects and portfolio optimization to deliver the highest benefits. It also involves safeguarding portfolio value by ensuring that you deliver value, and improving the value of your portfolio by streamlining organizational processes. Right data is necessary at every step. The quality of data, as well as its quantity, are directly related to portfolio maturity.
The Häme-Portfolio has been realized together with Thinking Portfolio to monitor regional development. In the Regional Council of Häme, the portfolio is an essential tool for keeping the whole thing together.
This Christmas, we will support children, young people and their parents in Finland by donating to MLL's work against bullying. No child, young person or parent should be left alone with their doubts and worries. With the help of donations, MLL is able to be close to those in need throughout Finland. The activities support children, young people and their families, providing telephone and online services like online peer-to-peer groups for those who have experienced ...