project portfolio management – Page 7 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

Improving Strategy Deployment with PPM

It is common for all businesses to start projects and take up initiatives to achieve their different business objectives. However, not all businesses utilize Project Portfolio Management (PPM) as a tool to take decisions regarding the projects to be undertaken and executing them to accomplish strategic goals. When PPM is used for managing projects, it leads to an improvement in the deployment of strategy. For several organizations, there are a set of environmental changes constantly ...

Thinking Portfolio2017-07-11T11:51:55+03:009.9.2014|

Utilizing PPM for Constant Business Innovation

Leading multinational companies in many sectors have already started using Project Portfolio Management to drive innovation into their business. Even in difficult economic times, the major force behind increasing profitability, stock value, and gaining competitive advantage is product and service innovation. With the correct portfolio mix, a business is able to meet its own goals and objectives as well as those of the customers. It also enables a business to adjust to the various changes ...

Thinking Portfolio2017-07-11T11:52:10+03:004.9.2014|

More Good Reasons Why You Need to Start a PMO in 2014

There are a number of reasons why starting a PMO in 2014 can benefit your business in the long run. A PMO is a department within a business that helps define the standards for project management. Most departments within a business look at avenues to stay connected with one another. A PMO introduces structure and a sense of clarity within a company as it creates a level of coordination that otherwise would not exist. This ...

Thinking Portfolio2017-07-11T11:52:34+03:0015.7.2014|

Why CIO Needs a PMO Approach?

For years now, IT departments of companies have been struggling to execute multiple projects within the given budget and time period. Today companies are all about getting in more business and so, numerous projects run simultaneously, each needing detailed monitoring by the IT department. This has made several departments adopt the PMO or Project Management Offices approach as a means to enhance IT performance, reduce costs, improve quality and speed up the delivery of projects. ...

Thinking Portfolio2017-07-11T11:52:44+03:008.7.2014|

Seven Good Reasons Why You Need to Start a PMO in 2014

If you’re an organization that is looking to enjoy high levels of success in all your projects, then it’s time for you to establish a Project Management Office or PMO. What exactly is a PMO? It is identified as a team or a department within an organization that formulates and executes certain standards for the management of various projects. The aim of a Project Management Office is essentially to help put processes in the right ...

Thinking Portfolio2017-07-11T11:52:57+03:0024.6.2014|

Making Your PMO Tasks Effective

Project Management Office is basically a body that has various responsibilities with respect to the centralization and coordination of projects under its realm of work. These responsibilities could be related to providing support facilities for management of project or undertaking direct supervision and responsibility of a project. How do PMOs help organizations? Many organizations globally are now allotting large sums of money to the execution of various programmes and projects. The successful management of change ...

Thinking Portfolio2017-07-11T11:55:58+03:0013.5.2014|

Case Study: Peikko Group

Transparency and clear reports reduce project workload Peikko aims at creating a real-time view of the overall status of projects. Peikko Group is an expert of concrete connections and composite beams, providing customers with innovative solutions that facilitate and speed up the construction process. Peikko Group has sales branches in thirty countries and production facilities in nine countries. It employs over 900 people. Peikko has a large amount of simultaneously ongoing development projects, and managing them ...

Thinking Portfolio2017-07-12T13:35:39+03:0010.5.2014|

Strategic Portfolio Management and causality of the business environment

Portfolio management causality in this context refers to the interrelation between two events impacting the portfolio. This is a situation, where an event results in another event. From a portfolio management perspective such a situation would typically arise from a significant change in demand or interest rates. A well-defined portfolio contains an outcome for such events as determined by the portfolio analysis. Challenge of indicators outside the portfolio One of the most significant challenges in ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-12T13:37:33+03:0030.4.2014|

Tips on How to Define and Plan PPM Procedures and Guidelines

It is important for an organization to manage and categorize their project portfolio while handling several projects. Categorization helps in the alignment of projects with the goals of the organization. PPM or Project Portfolio Management is actually a management process. The purpose is to help the organization gain information using several methods so that projects can be analyzed and sorted according to certain criteria. Some benefits of Project Portfolio Management The organization is able to ...

Thinking Portfolio2017-07-12T13:38:18+03:0015.4.2014|

Mastering Risks with PPM

Well-designed project portfolio management (PPM) tools and methodologies go a long way in helping an organization cope with multiple projects, deadlines and gauging of performance levels. Risk management is an invariable aspect of PPM, and without the former, PPM will fall flat. Varieties of risks To understand how to master risks, one must understand what constitutes a strategic risk. Simply put, it is a system of analyzing potential opportunities or problems which are crucial to ...

Thinking Portfolio2017-07-12T13:38:31+03:0024.3.2014|

Additional Factors That Lead to Success with PPM

Management of projects and portfolios is something that happens in every organization. Whether or not you take additional measures, new initiatives will continue to roll out and new software will be built. However, you should also know that more than 50 percent of all projects fail to a certain degree. This happens mainly because companies do not pay attention to tools, processes, policies and structures applied on the portfolio. It has been found that organizations ...

Thinking Portfolio2017-07-12T13:40:00+03:0020.3.2014|

6 Project Portfolio Management Tips for Beginners

Project portfolio management or PPM can be a tricky proposition for beginners. While there are several set methods to go about setting it up, you should follow a few tips and tricks that can bring you better results. The following six tips can help you make the best of your company’s PPM and provide quick, profitable and tangible results. 1 Methodologies in project portfolio management can easily get outdated as they are static in nature. Instead ...

Thinking Portfolio2017-07-12T13:40:31+03:0025.2.2014|

Back to Basics on Project Portfolio Management (PPM)

As an operating business, you may be required to handle multiple projects at a time. To ensure that all your projects are progressing smoothly and on time, it is important to maintain a portfolio. Termed as project portfolio management, this process can help you organize and categorize projects based on your organizational goals. It is also valuable when acquiring information and sorting out projects based on criteria and priority. There are several tools and techniques ...

Thinking Portfolio2017-07-12T13:40:51+03:0018.2.2014|

IT Portfolio Management Could Be Your Early Warning System

The crux of IT Portfolio Management lies in analyzing the right areas/projects a business should invest in, to gain maximum Return On Investment (ROI). The multi-layered methodology for implementing IT Portfolio Management ensures that resources, such as financial and human, are invested in projects which deserve them the most based on the value and criticality of each project towards the smooth functioning of the business as a whole. It is the effective investment of the ...

Thinking Portfolio2017-07-12T13:41:43+03:0021.1.2014|

Optimizing the Use of Key Resources in a Project Portfolio

A project portfolio management system can help you prepare and achieve your objectives and increase chances of financial profits. With the right management system in place, you can remove a lot of the guesswork and ensure that your executives and management make the right decisions, whether planned or during an emergency. The idea of a project portfolio management is fairly new and there are several businesses who consider it to be confusing or complex. To ...

Thinking Portfolio2017-07-12T13:42:07+03:0014.1.2014|