project portfolio management – Page 2 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

6 Common Blind Spots in Project Portfolio Management

All project managers and teams go through challenges in the execution of a project. Here are six common blind spots in project portfolio management that you can avoid: 1. Lack of clarity in defining success measures A common blind spot in the project portfolio management is vaguely-defined measures of success. By communicating the top goals, a project manager brings to light the focus areas for the team/organization/individual. But in the absence of clearly defined expectations, employees ...

Thinking Portfolio2017-07-03T13:20:05+03:0028.2.2017|

How to Make Your Project Model Agile

The focus of ‘agile’ project management is consistent improvements, team contribution, greater flexibility, and delivery of necessary quality products. The main methodologies in agile project management include scrum, lean, and extreme programming. Understanding the agile model for project management The waterfall methodology for project management was traditionally used, but it had certain disadvantages. These included extreme dependence on original requirements, limited or no scope of change during the project, possibility of product testing only at ...

Thinking Portfolio2017-07-03T13:34:02+03:0030.1.2017|

NPD – New Product Development as part of the Project Portfolio

The accurate understanding and anticipation of emerging market needs and lucrative opportunities is the basis for successful New Product Development (NPD) in project portfolio. The project managers and senior leadership in an organization will consistently face challenges with regards to allocation of institutional resources for launching the right products each time. It is critical not to make a mistake when planning a product launch as it could have a devastating impact on the finances and ...

Thinking Portfolio2017-07-03T13:35:16+03:0016.1.2017|

The 6 Secrets of Good Project Resource Management

An organization uses multiple resources for executing projects. These typically include people, equipment, information, materials, time, and money. Most organizations have a limited amount of resources, hence, resource allocation planning is necessary for the effective management and utilization of these scarce resources. Project resource management involves procuring and deploying internal as well as external resources which are needed for delivering a project, portfolio or program. It focuses on priority usage of resources, monitoring resource utilization ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T13:43:55+03:0019.11.2016|

How Do You Select the Right KPIs for Your Project?

Selecting the right key performance indicators (KPIs) for a project is critical as you will need these KPIs to accurately gauge the project's success and performance over time. There is no universal remedy for choosing the correct KPIs, but there quite a few things that you will always need to consider. KPIs are essential to see if your project is meeting the set goals. Relate them directly to your business objectives What is the goal ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T13:44:26+03:0015.11.2016|

Project Portfolio Management Playbook released

We’ve published Project Portfolio Management Playbook – an e-book with over sixty how-to articles on how to succeed in PPM. …

Thinking Portfolio2019-10-21T11:45:22+03:0024.10.2016|

Thinking Out of the Box in Project Portfolio Management

“Thinking out of the box” is such a clichéd phrase and used in almost all areas of life. But the truth is that it is among the most vital skills that a project manager and his/her team need to have in order to consistently drive creativity. It’s true that traditional thinking tends to rely on previous experience and practiced protocols and hence give you confidence to handle issues. But when you think outside the box, ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T13:52:57+03:007.9.2016|

Positive Project Portfolio Management

Today's ever-changing business environment often presents numerous challenges, while positive signs are few and far between. The project portfolio and its projects are part of this business environment. External and internal changes and improvements are driven to completion according to plans, which can at times take an emotional toll on the employees. By adopting a positive, enthusiastic approach in how we handle the status quo, business environment and active projects can offer a completely different ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T13:58:49+03:0029.8.2016|

Digitalization as a Part of Good Portfolio Management part 2

In an era where nearly everything is gradually becoming digitalized, why should portfolio management be left behind, right? In fact, digitalization actually makes the management of a huge number of existing and proposed projects much easier. Digitalization is essentially the process through which information gets converted into easy-to-use digital formats. This collective information is then organized into independent data units called ‘bits’ which can be addressed separately. How digitalization can help in good portfolio management ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T13:59:45+03:0016.8.2016|

The life-cycle of a project became clearer at Trafi with Thinking Portfolio

Trafi develops the safety of the traffic system, promotes the environmental friendliness of traffic and is responsible for the official tasks relating to the traffic system. (www.trafi.fi) All projects are in the portfolio Since the beginning of 2016 Thinking Portfolio has been the tool for all project management at Trafi. The contents of Trafi's project include the development of customer services as well as the development of ICT and other independent initiative projects. After the ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:07:09+03:0012.7.2016|

Thinking Portfolio project portfolio makes environmental development projects easier in HSY (Helsinki Region Environmental Services)

Helsinki Region Environmental Services, HSY, is a municipal federation which provides services in water supply and waste disposal as well as information on the metropolitan area and environment. HSY helps residents to act better on behalf of the environment. Small projects follow large projects HSY development projects are managed in the Thinking Portfolio project portfolio. The subjects and budgets of projects vary a lot and they are made in several lines of business and ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:07:55+03:0012.7.2016|

Thinking Portfolio gives aid together with Finnish Red Cross

The Finnish Red Cross is one of the largest civic organisations in Finland. The Red Cross is a humanitarian aid agency belonging to the Red Cross and Red Crescent movement, which operates in 189 countries around the world. The task of the Red Cross is to help the people in weakest position during catastrophes and crisis in order to prevent and mitigate human suffering, as well as to support and help the country's authorities during ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:08:33+03:0012.7.2016|

Local Tapiola recommends wide-ranging capitalising on Thinking Portfolio

Local Tapiola is a Finnish group of companies owned by its customers, which offers life security for personal customers, companies and communities of all sizes, as well as for farms. Life security describes a method to serve customers through a lifetime and its changing scenarios. Local Tapiola invests in security, health and well-being of its customers. Local Tapiola uses Thinking Portfolio for managing the group's development portfolio and working time tracking of Local Tapiola Services ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-06-13T01:09:03+03:0012.7.2016|

Idea Screening vs. Idea Scoring

Ideation, idea screening and idea scoring are the first few steps that have to take flight, before a project goes up for approval and execution. No doubt, the course that your project takes is key in determining business success, but generating, screening and scoring serve as a foundation for this to take effect. Let's take a look at two common methods used in the project selection process- idea screening and idea scoring. Idea screening Idea ...

Thinking Portfolio2017-07-04T11:27:36+03:0020.6.2016|

Thinking Out of the Box in Project Portfolio Management

Administrative skills are vital to the success of any project. Organizing tasks, selecting teams, planning the execution, and getting the project underway are the primary functions which help deliver expected outcomes. The project manager, who is usually the driving force behind any project, needs to ensure every step of the project is going as per the schedule and stays within the allocated budget. Any hitch or hold up and the manager will face the heat. ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:33:09+03:0020.6.2016|