project portfolio management – Page 8 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

Resource Management at the Project Portfolio Level

Resource planning and management is an essential business process that can help you keep track of your projects and their results. Also known as project management and enterprise resource planning among several other terms, resource planning can be applied to various disciplines. However, it is mainly considered a subset of these business processes. The best way to define resource management is a solution to plan, manage, and deploy the right individuals and skills for the ...

Thinking Portfolio2017-07-12T13:42:21+03:003.1.2014|

5 Ways to Improve Your Project Portfolio Management

Effective portfolio management is an important element in the success and growth of business across all industries. In fact, the 2012 Pulse of the Profession study conducted by the Project Management Institute proves just that. The report showed that out of all the projects undertaken by organizations considering themselves as highly effective in managing portfolios, 62% met or exceeded the expected return on investment (ROI). Whether it's for increased customer satisfaction, effective cost reduction, or ...

Thinking Portfolio2017-07-12T13:42:45+03:0027.11.2013|

Top 5 Skills of a Project Management Officer

Each business has a separate department for project management and while the roles and responsibilities vary, some skills remain a prerequisite. The job profile of the project management officer changes from company to company and mainly depends on the size and nature of the business. It also depends on the stage of project implementation. Regardless of these differences, here are five essential skills that are important for any PMO. Organization Needless to say, the job ...

Thinking Portfolio2017-07-12T13:45:02+03:0011.11.2013|

Project Portfolio Management Mistakes that You Should Avoid

As project managers, it is important to create plans that effectively cover all aspects of project lifecycles. Despite experience and knowledge in the field, some common mistake and errors may arise. Here are some of the most common mistakes made when managing IT portfolios. No tangible investment strategies It is a common practice in many IT companies, whether start-ups or larger corporations, to directly start with budgeting and funding. The projects scoring higher on the ...

Thinking Portfolio2017-07-12T13:45:23+03:003.11.2013|

Why some succeed with their projects and others do not?

Presentation of new business development ideas provides the material for comprehensive description of the operational benefits of the business, financial requirements and risks associated with the new idea or project. A large organization creates dozens of good ideas daily to develop the business. These organizations should be able to evaluate and explore in more detail and choose the best ideas to put in motion. The task is challenging; a lot of material needs to be ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-12T13:46:46+03:0014.9.2013|

Thinking Portfolio Advancing Research and Development

Thinking Portfolio has increased transparency in project activities and synergy between various industries. Mikkeli University of Applied Sciences (MAMK) is a place of higher education for lifelong learning. The university operates mainly in Southern Savonia. There are approximately 4,500 students in seven fields of study at the school. MAMK is a strong player in research, development and innovation. Research activities are focused on enhancing regional expertise and competitiveness. New products, services and operating models are ...

Thinking Portfolio2017-07-12T13:48:29+03:0012.8.2013|

The Benefits of Following Up on a Completed Business Project

Despite being an important step in any venture, follow-up on completed business projects are often overlooked. After a project has been completed, follow up is an essential component in the evaluation and monitoring phases. Post-completion, follow up ensures the sustainability of the project, and allows you to monitor and communicate the developments. You can perform follow up by spinning off new projects based on the original, or conduct internal supervision to continually monitor the progress ...

Thinking Portfolio2017-07-12T13:50:13+03:0014.6.2013|

Aligning IT Projects and Strategies through Project Portfolio Management

Project portfolio management or PPM is a business process that allows and prepares companies to align a number of components like IT projects, application development, resources, and initiatives. Transforming companies to operate as project-oriented groups, project portfolio management allows you to treat IT as a financial asset. With project portfolio management, you can seamlessly integrate scope, pipeline, time, skills, cost, procurement, reporting, forecasting, communication, as well as risk management. Similar to managing a portfolio of ...

Thinking Portfolio2017-07-12T13:50:25+03:0010.6.2013|

Case Study: Women’s Bank

"Excellent tool for controlling positive chaos" Women's Bank is a volunteer community collecting donations for supporting women's entrepreneurship in developing countries and developing their livelihoods through the principles of sustainable development. Finn Church Aid manages the Women's Bank fund and carries out its projects. Operations are based on active volunteers, numerous partners and donors. Thinking Business supports women's employment by providing Women's Bank with access to the Thinking Portfolio project portfolio service on a Pro Bono basis. - ...

Thinking Portfolio2017-07-13T12:02:36+03:0010.5.2013|

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|

Project portfolio management is part of change management

Implementing changes thoroughly requires good planning, execution, staff coaching and communications, and often other processes and tools as well. Well-implemented change is not an incredible solo act; it requires extensive cooperation throughout the organization, where everyone has a role to play. The management is responsible for enabling changes and eliminating obstacles to development. Top and middle management tasks are vital in providing support for practical measures. Interest groups are also important, and we should also ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-13T12:06:20+03:0022.2.2013|

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|

Make better decisions and have a view of strategy implementation in real time

Do you want your organization to make better decisions and have a view of strategy implementation in real time? With the Thinking Portfolio® project portfolio and Project Institute ABC Project Model™ it can. You can enhance your project portfolio management and project management efficiency by up to a few weeks. Thinking Portfolio is acclaimed as an easy and flexible way to manage customer project portfolios and provides a definitive report on the market potential of ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-13T12:07:14+03:0015.11.2012|

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|