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 [...]

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 [...]

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 [...]

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 [...]

Optimizing Your Project Portfolio

It's not unusual for businesses to face greater demand in terms of projects and have lesser resources to handle the same, at their disposal. Keeping the project portfolio aligned with the capacity and demands is where project portfolio optimization comes in. Let's take a look at the need and working of project portfolio optimization. Why do you need project portfolio optimization? The project portfolio of your businesses cannot just be an errant collection of random [...]

Top Mistakes in Project Portfolio Management

Project Portfolio Management is at the heart of the success of any organization. Any business that has its PPM in places and corresponding execution tasks to back it, has got the success recipe right for the most part. Then again, it isn't as easy as it sounds, as many businesses cant seem to quite master PPM. Here's a look at some PPM mistakes that businesses can avoid to get there. Emulating best PPM practices without [...]

How to Make an Ordinary PMO Great

There are certain traits that set certain project management offices apart from the rest, having them garner success stories with projects. Here are some of traits that make for a great PMO. Coherent project and organizational objectives While each project has its own set of benefits to an enterprise, a good PMO will ensure that the goals of the project and the enterprise are on the same page. As and when the corporate environment changes, [...]

Raisio – We are happy to have Thinking Portfolio

Raisio plc is a Finnish company established in 1939, whose shares are listed on NASDAQ OMX Helsinki Ltd. The company has over 35,000 shareholders. It employs some 1,900 people and operates in 9 countries. Group's net sales in 2013 were EUR 557.6 million and EBIT was EUR 39.3 million. Raisio is known for its innovations, of which cholesterol-lowering Benecol is one good example and Benemilk, with its ability to increase milk yield and improve contents [...]

Thinking Portfolio enables centralised project management model for RAY

Finland's Slot Machine Association RAY collects funds through slot machine and casino operations for the benefit of Finnish welfare. RAY offers entertaining and exciting games in a responsible manner. The profits from games are channelled into social and healthcare organisations' activities and benefiting Finnish war veterans. The association also aims to secure funding for several important future projects. Project managers join forces to produce a quality project portfolio Henrik Niinimäki RAY has been [...]

Top Mistakes in Project Portfolio Management

Project Portfolio Management is at the heart of the success of any organization. Any business that has its PPM in places and corresponding execution tasks to back it, has got the success recipe right for the most part. Then again, it isn't as easy as it sounds, as many businesses cant seem to quite master PPM. Here's a look at some PPM mistakes that businesses can avoid to get there. Emulating best PPM practices without [...]

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 [...]

Five Ways to Communicate your Project Portfolio Inside your Organization

Project portfolio management (PPM) is an effective internal organization tool which articulates the nature and purpose of a project and also in determining the outcome. Here are some of the ways in which you can communicate a PPM inside your organization. Power Point Presentations This is a classic computer program that has been the pitch-factor behind millions of successful projects across the world. Its popularity is rooted in its user friendly interface and versatility across [...]