project management – Page 10 – Thinking Portfolio

How to Use Business Development Projects as a Learning Opportunity

Every organization has a business unit that solely caters to business development, a section that creates long-term plans for profitability and growth. Roughly divided into three main objectives, business development projects are executed to fulfill one or more of these purposes. The three pillars of business development projects include increasing customer base and its value, establishing and expanding the business in new markets, and creating lasting and meaningful partnerships with clients, other businesses, or customers. ...

Thinking Portfolio2017-07-13T12:01:49+03:0027.5.2013|

Creating Commitment in Internal Development Projects

To ensure the success of any project whether internal or external, commitment from the team is important. When your team holds the project in high regard and gives the project adequate time and effort, they are committed to the success of the project. If you are planning an internal development project for your company, building commitment from your team and employees is essential. Committed individuals ensure that they follow-through and stick with the project to ...

Thinking Portfolio2017-07-13T12:02:03+03:0014.5.2013|

Identifying the Business Benefits of an IT Project

To be successful, all business projects should have a clear objective, practical implementation, and deep understanding of all the related costs and benefits of the project. While it may seem relatively simple, understanding and defining business benefits can be tricky sometimes. To break down the concept in a simple and comprehensible way, business benefits can be divided into three major types – soft benefits, hard benefits, and productivity. Determining and measuring hard benefits These benefits ...

Thinking Portfolio2017-07-13T12:02:58+03:008.5.2013|

When Should You Consider Terminating An IT Project Prematurely?

An IT project manager of a company will have to take several serious decisions that make or break a project, or even terminate the project entirely. While most projects are terminated on completion, some have to be severed prematurely if certain aspects of the project are undesirable. Terminating a project prematurely can result in strained relationships with the stakeholders, clients, and leave a black mark in your career. However, such terminations are sometimes necessary. While ...

Thinking Portfolio2017-07-13T12:04:56+03:003.4.2013|

Five Most Critical Skills IT Project Managers Should Possess

While some IT professionals are natural leaders, others work hard to instill certain skills that are essential to handle any project. Apart from tending to the smallest details of the project, IT project managers are required to focus on the big picture and keep pace with the impending deadlines. Here are the most essential and critical skills that IT projects managers should have. Analysis Also referred to as impact analysis, project managers should possess the ...

Thinking Portfolio2021-09-10T10:46:08+03:0020.3.2013|

PMO Institute is Now Thinking Portfolio Benelux Partner

Thinking Business Group has signed an agreement with PMO Institute to provide Thinking Portfolio® in the Netherlands and Belgium. PMO Institute will offer Thinking Portfolio® as an intuitive and quick to implement tool for project portfolio management (PPM). Companies and public organizations use Thinking Portfolio® for managing portfolios of their development projects and programs. The tool is provided as Software as a Service (SaaS). Clients include well known Finnish companies & organizations such as Cargotec, ...

Thinking Portfolio2017-07-13T12:10:34+03:0017.12.2012|

Project resource management problems are side effects of other issues (TOP 5 perspectives)

1. Resource management is not a solution for productivity Productivity is a common objective of resource management. While productivity is an appropriate measure of operational efficiency, it should not be seen as the focus of resource management. In fact, resource management is often quite far removed from the input-output ratio focused on producing the maximum amount of satisfactory output in the least amount of time. This often calls for changes in key processes rather than resource ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-13T12:19:14+03:008.6.2012|

How to be successful in project portfolio management development (Read TOP 8 experiences)

1. Keep it simple! Keep things simple, always try to find the key elements in each development phase and simplify it. The implementation of a typical strategic portfolio management operating model and tools takes around 100 days. Development processes which tend to drag on are unlikely to yield positive results. According to our experience, the complicated way has never worked in practice. 2. Earn the support of the management In the event that management aspires ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-13T12:20:05+03:0015.5.2012|

Report on strategic trends in portfolio management is now in iBooks

Our report Global Strategic Trends in Portfolio Management 2016 is now available as a free iBook download. Go to iTunes and download the book for your iPad.

Thinking Portfolio2012-06-08T13:26:42+03:0025.4.2012|

How to get comparable risk estimates

Professor Kalle Kähkönen Tampere University of Technology, Finland: My earlier discussion under the title “Riskiness as a viewpoint for categorizing projects” pointed out the significance of defining and understanding the overall risk level of project, and how this forms a starting point for categorizing projects, which is necessary when comparing and contrasting different project options. Naturally, this is one of the key tasks of project portfolio management. Credibility of the overall risk estimates is essential, ...

Kalle Kähkönen2017-07-13T12:21:37+03:0021.3.2012|

Riskiness as a viewpoint for categorizing projects

Professor Kalle Kähkönen Tampere University of Technology, Finland: Understanding of the overall risk level of a project is important from several aspects. It can provide background information of significance for different decision-making needs. For example, in the early stages of a bidding process, a company must make bid preparation decisions. This is often done by comparing and contrasting different options. Look at the following figure. It presents the estimates of overall risk levels of three ...

Kalle Kähkönen2017-07-13T12:21:49+03:0014.3.2012|