You know how to manage a project, but what about a whole portfolio? Effective portfolio management can simplify the process of selecting, planning, and successfully delivering projects for your team and organization as a whole. With so much data to organize and details to juggle, you need the right tools to oversee your processes. If you’re having trouble figuring out where to start, you’re not alone. Below, we explore some portfolio management examples that leverage Sciforma’s PPM solutions to get the job done.
Quick Review: What Does Portfolio Management Mean?
Portfolio management involves selecting, organizing, and prioritizing various projects that align with a company’s goals and values.
Effective portfolio management streamlines project execution, allocates resources more efficiently, and generates greater revenue. It requires big-picture thinking and detail-oriented decision-making.
Properly managing a project portfolio is the key to success for any PMO, but doing so is often easier said than done.
5 Portfolio Management Examples Powered by Sciforma
Having the right tools to effectively manage your portfolio is essential for efficient, successful project selection and execution. Sciforma provides powerful software solutions to help organizations create actionable strategies to drive revenue, optimize performance, and improve project management processes.
Below are some portfolio management examples of organizations that have seen real-world success with Sciforma’s PPM tools.
1. Yogi Tea: Portfolio Management Means Resource Management
Though it’s been making tea since 1972, between 2011 and 2021, Yogi Tea saw a massive increase in turnover. This meant a workforce with limited resources had to tackle an ever-growing number of projects.
Manually maintaining and organizing project information required spending valuable time and effort to keep up with increasing demand. As project demands grew, the need for a comprehensive portfolio management approach – including resource management – skyrocketed. Yogi Tea turned to Sciforma for support and purpose-built tools to address these challenges.
With the help of Sciforma’s PPM software, Yogi Tea was able to consolidate project data and leverage data insights from portfolios. With easy access to important project information, the team was able to prioritize and optimize resource allocation.
Thanks to the consolidation of project activities, the company saw a 50% improvement in resource utilization, a 14% increase in completed projects, and a 50% decrease in time spent on administrative tasks. By successfully implementing and leveraging Sciforma’s project portfolio management tools, the company was able to rise to the challenge and find greater project success.
2. Solidaris: The Value of Portfolio Visibility
As Belgium’s second-largest health insurance provider, Solidaris handles a sizable number of projects. When the organization’s project management tools were no longer meeting the needs of its portfolio, its leadership looked for a new way to organize and analyze project data.
Transparency and visibility were of the utmost importance. The project management team needed a flexible, scalable solution that would provide a complete overview of projects, with accurate reporting and data insights to improve execution.
With Sciforma PPM tools in place, Solidaris made use of automated project analysis systems and accelerated project prioritization and closure.
Solidaris has seen a substantial increase in project visibility, empowering them with the data visibility it needs for accurate capacity planning and project agility.
3. Besins Healthcare: Portfolio Optimization
As a champion in the world of reproductive and hormonal healthcare, Besins is a relatively small company with a global presence. When the company decided to consolidate corporate operations and responsibilities, it needed a tool that could help manage these diverse projects and optimize development.
Since April 2020, Sciforma has helped Besins Healthcare identify, assess, and prioritize all of the company’s projects. The company now has a comprehensive project overview, with tools to identify potential delays and obstacles, helping decision-makers and doers work better and faster.
With optimized planning and communication in place, Besins plans to integrate additional Sciforma solutions across other areas to work towards smoother operations.
4. SymphonyAI: Aligning Project Portfolios with Corporate Strategy
SymphonyAI supports more than half of the largest grocery brands in the world, supporting thousands of retailers and hundreds of local chains.
As such, the company needed an easily integrated platform to support R&D projects, reliable data consolidation, and tools to support decision-making at the highest level.
After a seamless deployment of Sciforma’s state-of-the-art portfolio management tools, team members were able to take advantage of real-time data reports, improve project visibility, and manage projects more effectively to meet their goals.
These changes have helped the company build value for the retail CPG vertical and deliver greater value for its customers.
5. HIS: Managing Complex Project Portfolios
As the IT service provider for German universities, HIS develops and delivers specialized software for academic administration and campus management.
Thousands of students, teachers, and staff members use the software products every day, and with increasing digitization, project volume and scope have increased substantially. When the company could no longer use Excel to manage the workload, it turned to Sciforma.
After a critical analysis of HIS needs, Sciforma helped implement detailed capacity planning and reporting tools. Facilitating improved cross-functional communication and introducing effective multi-project management tools was also important.
With Sciforma’s help, HIS has been able to meet the unique challenge of delivering services to hundreds of universities and ease administrative workload, delivering accurate monthly reports in a matter of hours.
Thanks to the unique configuration of Sciforma’s platform, the company has been able to stay agile and adaptable. All while serving the needs of higher education institutions.
Revolutionize Your Approach to Portfolio Management with Sciforma
These are just a handful of examples and success stories that have been made possible with Sciforma’s tools. Sciforma Vantage empowers organizations and companies around the world to realize tangible results. To meet goals thanks to unique, needs-driven software solutions.
See how you can level up your portfolio management: schedule a demo today and discover what’s possible with powerful PPM software on your side.