Everyone knows horror stories of projects going down due to lackluster planning and organization. Some brave ones reading this have been a part of such projects. In this day and age, it is easy to determine whether the project is doomed from the start or if it’s going to go down very soon after taking off.
Whether your business is big or small, there will come a time that you will have to make changes to the existing structure of our business. We can encounter risks every day, and it is a manager’s job to minimize the adverse effects of a bad decision. This means one must proactively look at the pros and cons of the decision about to be made.
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 ...
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?
1. Cut the reporting periods An accurate daily status snapshot is critical when quick decisions are needed. Cutting the reporting periods of projects in half will result to twice a week or even on a weekly basis reporting – and decision making - cycle. 2. Communicate to the whole organisation Communication to the whole organisation is a key issue. Your Portfolio can be opened to the entire staff or at least to all the key ...
As a project manager, there are loads of responsibilities that you have to fulfill. From managing your employees and ensuring that tasks and goals are achieved to reporting to executives, a project manager does it all.
Every project manager knows just how stressful it can be to handle damage control in cases of distress. There's plenty of challenges that must be overcome for a successful project crisis management, and here are some of the best practices that every project manager can benefit from.
There’s absolutely no doubt that Airbnb is growing exponentially in recent times. There were a total of over 150 million users on Airbnb as of April 2019, and since its launch, the company hosted 500 million guests. Much of its success can be attributed to its flawless project management. Here’s what project managers should learn from Airbnb’s strategy.
Risk management is an integral part of project management. But how do you know if your risk management strategies are actually working?
A Chief Financial Officer is a person who assists the organization with his financial expertise and takes charge of managing the monetary aspects of the company. The duties assigned to a Chief Financial Officer sometimes go beyond just finance and also treads into overall company management. Project management is an integral part of developing and delivering strategic initiatives, as it creates a structure for ensuring that the company’s goals are met appropriately.
Helsedirektoratet is in the early stages of using Thinking Portfolio, but expects to gain more experience and eventually get all its application data in the portfolio. Application basics have now been put in the portfolio and after holidays system owners will start to fill the information of their systems in the tool.
Individual projects in a portfolio may have significant impacts on risk absorption capacity, financial success and development. However, project management often fails to view individual projects from an overall perspective. From the perspective of overall organisational management, however, observing changes in the operating environment and economic cycles are key to risk and opportunity management. Among our clients, there is a clear trend of incorporating future indicators into investment and development projects. It is becoming increasingly ...
Have you ever wondered what separates the good from the great when it comes to project managers? Simply put, the way a project manager handles problems when they inevitably rear their ugly heads is what separates the so-so from the great project managers. Have a look at these six weak-signals in your project's environment.
Enthusiastic customers, networking, and sharing new ideas and solutions with each other were the first things to come to mind when my thesis advisor asked me to think about the features that make Thinking Portfolio different from other companies. Based on these insights, “The role of C2C relationships in B2B brand community – Case: Thinking Portfolio” became the topic of my thesis.