What Makes Women the Best Project Managers

Project Management - a largely male dominated domain until recently, is now seeing more and more well qualified women taking the helm. Being great communicators Women can use their communication skills to get an edge over men in project management. Being assertive without coming off as abrasive, and using gentle persuasion to get buy-in from senior management helps the team and PMO. Regular conversations with stakeholders help the PMO align to business goals and get [...]

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 [...]

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 [...]

Idea Screening for Project Portfolio Management

Ideation is an essential process to help your organization progress. Known as the act of developing new concepts and ideas, any employee in your organization can submit their products to the company. You can receive input from partners, customers, marketing executives, sales professionals, as well as IT experts and catalogue these ideas into a single database. What makes ideation a profitable step is the screening and approval process that can help your business perform more [...]

Things a Project Manager Can Learn from an Artist

You would think that artists and project managers are at the two ends of the spectrum and do not have much in common, let alone picking up interesting tricks and tips from each other. It's understandable if you think that way as the basic premise of operation of project managers and artists are very different, which may have prompted the notion. While project managers are all about driving results, artists are about the work that [...]

Six Ways to Re-engineer Your Project Management Office

The beginning of a project management office is driven by the desire to standardize as well as improve the success rate of IT projects and businesses, which continue to expand in size and complexity. Another project management office driver is the requirement to relieve the project managers of administrative duties that are associated with the successful management of projects. Functions of project office could either be staffed or virtual. A number of forward-thinking companies are [...]

Motivating portfolio management and Open Book Management (OBM)

Open Book Management (OBM) came up when John Case (Inc. Magazine) invented and determined the concept and started using it in 1993. Later on Jack Stack (SRC Holding) completed the OBM management model, after which it was applied and taken into use more generally. The basic idea of Open Book Management is to share information in the organisation more widely than just in relation to one's own specific job. The aim is to commit the [...]

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 Project Business Owner Great?

While some may think that factors like certifications in project management is crucial in a project PMO lead, in fact it is among the most underrated criteria while hiring one. What is seen as a far more important attribute is the individual's ability to understand the project. This allows the PMO to initiate, monitor and manage better, and see if it rings true with the company's core goals and objectives. Here is a look at [...]

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 [...]

Thinking Portfolio as an IT project management tool at Pirkanmaa Hospital District

The Pirkanmaa Hospital District is a municipal federation of 23 municipalities. Its mission is to provide health care services that promote health and functional capacity and to promote scientific research and training to support this goal. The data and technology administration of the Pirkanmaa Hospital District provides data administration services for information systems, as well as telecommunications services, such as telephone, workstation and data transfer services. The administration also provides medical technology services, information services, [...]