How can workforce changes be effectively managed as part of sound project resource planning and portfolio management? In today’s organizations, workforce changes are inevitable. Employee turnover, new hires, layoffs, and retirements all impact the execution of projects and the management of project portfolios.
Especially large projects are susceptible to changes, often due to schedule challenges. The underlying causes may include difficulties in resource allocation of the right people or unforeseen personnel changes. Fortunately, a well-planned change strategy and effective change management can help adapt to the situation quickly. These 6 key aspects are crucial to keeping even large projects within budget and on schedule amidst a constantly changing environment.
Changes are an inevitable part of project management. They can bring not only opportunities but also risks that may jeopardize the success of the project. Good risk management is essential to ensure that the project stays on course even amidst changes. In this blog, we share some practical tips for improving risk management.
AI-Driven Project Portfolio Success, August 14.2024 at 1 PM-2 PM EET. Join our free webinar where we dive into the world of artificial intelligence and discover how it can revolutionize project portfolio management. Senior Portfolio Advisor Esa Toivonen will explain how AI can provide new perspectives and enhance decision-making in project portfolio management.
FinVector introduced Thinking Portfolio, more commonly known as FinPro, to bring the necessary transparency and consistency to the management of project data. In less than six months, transparency, prioritization and project management have improved.