project portfolio management – Page 3 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

Scaled Agile Framework (SAFe) in Project Portfolio Management

We have previously seen how an Agile Project management model, can help teams adapt to the dynamic nature of a project, and deliver impressive results. Today, we take a look at how a Scaled Agile Framework or SAFe can bring more alignment into your project portfolio management. What is SAFe? The Agile model focused on delivery of project-level results. On the other hand, a SAFe approach looks at the bigger picture. The main purpose of ...

Thinking Portfolio2017-07-04T11:31:24+03:0023.5.2016|

Security Risks in Portfolio Management

Project managers have various sophisticated and ingenious PPM tools at their disposal today. However, many organizations are a little weary of investing in PPM tools, due to security concerns. Let us take a look at common security risks in project portfolio management, and fixes that you can use to make sure your project portfolio is safe. Cloud Cloud technology has become a part of most work applications. With its enhanced productivity and flexibility also comes ...

Thinking Portfolio2017-07-04T11:31:48+03:0016.5.2016|

Digitalization as a Part of Good Portfolio Management

Managing a large number of proposed and existing projects is no easy task, but it is certainly easier in the digital era. Effective project portfolio management can make all the difference between success and failure while it could also mean better ROI for your organization. Reports say that organizations that have an efficient portfolio management system had 62 percent of their products either meet or outdo the ROI expectations as of 2012. Digitalization can be ...

Thinking Portfolio2017-07-04T11:19:42+03:009.5.2016|

Five Issues Related To Project Culture Vs. Project Governance

Project culture and project governance need to go hand in hand for any project to be successful. Often, project managers and departmental heads are solely focused on the end result, and do not realize when the project culture falls through. Statistics report that nearly 50 percent of corporate projects fail globally. It does not come as a surprise that most of these companies have the tools, processes and resources to accomplish a project, yet the ...

Thinking Portfolio2021-09-10T10:45:47+03:002.5.2016|

Key Issues for Agile Project Management

Agile projects are generally tough to manage if not handled well. There are many roadblocks that emerge which need patience, time, and imagination to tackle in agile project management What is agile project management? Agile project management is a flexible, incremental, and iterative method of managing project members in information technology, engineering, and other business areas. It usually involves self organizing and cross-functioning teams which include capable individuals who can also be decision makers. People ...

Thinking Portfolio2017-07-04T11:21:54+03:0024.4.2016|

Five Weakness of Waterfall Project Methods

A waterfall project method is a common approach adopted by projects that are focused on quality of results. Given that the waterfall project model takes a phase-by-phase approach, it becomes easy to gauge progress. However, waterfall project models have their downsides as well; here are some of them. Co-dependency A waterfall project model has a sequential approach; this does not work well in all projects, and may work against the project in many cases. For ...

Thinking Portfolio2021-09-10T10:48:23+03:0011.4.2016|

Benefits of Big Data in Project Portfolio Management

Big data has helped business gain useful insights on customer preferences and thereby help them fine-tune their business model. For instance, the airline industry can use large pools of booking data to estimate the number of bookings that are going to be forfeited, and thereby accommodate other passengers on the waiting list. Another place where big data finds its use is in project portfolio management. Efficient project portfolio management Big data analytic tools utilize algorithms ...

Thinking Portfolio2017-07-04T11:23:26+03:005.4.2016|

Six Lessons That a Project Manager Should Learn From a Marathon Runner

The challenge of running a race and the satisfaction of completing one is similar to a project management setting. Here are some lessons that project managers can pick up from marathon runners. Flexibility Ask any seasoned marathon runner and they will tell you that they have a set routine for their run. They are also equally open to new routines or any changes in their daily routine, whether it is to challenge themselves or prevent ...

Thinking Portfolio2017-07-04T11:37:24+03:0024.1.2016|

Six Things That a Project Portfolio Manager Should Avoid

Project portfolio management is no rocket science, follow some tried and tested norms and principles and you can be sure that it is in the right path. Similarly, the PPM rulebook also has common mistakes that you can avoid. 1. Starting with the PPM tool Always start by noting the requirements and refining your processes, and then pick a PPM tool. While there are top of the class PPM tools in the market, each vendor ...

Thinking Portfolio2017-07-04T11:38:10+03:0018.1.2016|

What a Project Manager Should Learn From Lego

One of the leading toy-making company in the world, Lego, has had its fair share of ups and downs through its timeline. What’s more important is that it has managed to stay afloat, rather emerge successfully in its full grandeur, despite having a hard fall. Interestingly, Lego’s lessons cannot just be applied by other organizations but also in a project management scenario. Here are some important lessons that project managers can pick up from Lego. ...

Thinking Portfolio2017-07-04T11:38:37+03:0011.1.2016|

Strategic portfolio management and causality in business environment

In this instance the portfolio management causality means the relationship between two events which affect the portfolio. This is a situation where one event causes another. Typically, from portfolio management perspective, this could mean a significant change in the customer demand or in the interest level. A well-defined portfolio can find an effect for this during portfolio analysis. External indicators for the portfolio are a challenge A company's external factors and their indicators are often ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:40:52+03:003.12.2015|

Project Portfolio – Are you looking at the competition through the windshield or the rear view mirror?

Project portfolio management can provide quite concrete opportunities for companies. And not just in terms of strategy. Project portfolio management impacts the entire organisation and its ability to top quality service to its clients. This involves particularly the development of the organisational architecture from a business standpoint. You must develop services that save the client's time. You must provide services that are easy to utilise and beneficial to the client. Achieving this status requires significant ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:41:06+03:0025.11.2015|

Six Blind Men and Project Portfolio Management

What can be done to avoid making project management a beastly task for everyone in the organization? How does a project actually become a success story? We can get the answers to all these questions in David Schmaltz’s tale “The Blind Men and the Elephant”, which is a guide to understanding and managing project work. In the story, six blind men try to formulate a description of an elephant to meet the others’ satisfaction. And ...

Thinking Portfolio2017-07-04T11:42:24+03:0019.11.2015|

We’re looking for Thinking Portfolio Business Partners for Germany

Thinking Portfolio Germany - Business Partners We´re looking for Thinking Portfolio Business Partners to be sales representatives for Germany. Tell us about you and your company interest in representing Thinking Portfolio in Germany. Intuitive and easy to use Thinking Portfolio Software as a Service includes portfolios such as Project, Idea, Application and Service Portfolio. Interested? Fill the form – we will be in contact!

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2020-10-13T12:53:40+03:006.11.2015|

Project portfolio prioritization as the foundation of growth

Finland is in desperate need of growth. The creation of new jobs appear to be focused on small and medium-sized, growing businesses. This does not, however, exempt established companies from the responsibility of striving for growth. Revitalizing development and investment projects provide a foundation for growth. A project portfolio is an efficient management tool for choosing and prioritizing such projects. Need for reformation Many of the problems of traditional companies stem from the inability to ...

Thinking Portfolio2017-07-04T11:43:10+03:006.11.2015|