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Learn more about the challenge, strategy, and results of the case below!
The challenge Nordea was facing
Nordea had implemented a PPM solution for time reporting and PPM matters, which proved to be expensive due to software licensing costs and lacked user-friendliness and integration capabilities. They were looking for a solution that could anchor Project Portfolio Management in the organization with the following goals in mind:
Projectum’s strategy to solve the challenge
It became evident that Nordea sought a partnership to implement a modern PPM Solution. This resulted in a close collaboration between Nordea and Projectum, centered around Projectum’s products: Power PPM and Time for Teams. After conducting a thorough pre-analysis and solution scoping, Projectum recommended utilizing Power PPM, a user-friendly yet advanced product based on the Microsoft Power Platform, to manage and visualize Nordea’s portfolios and initiatives. Simultaneously, Time for Teams, built on the Microsoft Azure and Teams platforms, was chosen for time reporting and capturing actuals. The decision was made to establish a modern work management solution based on the Power Platform, emphasizing ease of configuration. In the initial phase, 6,700 time registration users and 1,500 Nordea professionals adopted the core Power PPM product.
The Power PPM and Time for Teams combined solution helps Execution Leaders govern and follow up on initiatives, performing management reporting, capturing actuals, and mitigating risks in business deliverables. The newly found data can easily be displayed in Microsoft Power BI, providing clear data transparency and Management reporting – as well as making everyday life easier with a user-friendly input system.
“Now, we can work smarter and reduce time on the manual processes – with a certain automation level – because of the ease of filling in data in the Power PPM and Time for Teams products. At the same time, we can be compliant with governance rules and banking regulations because of the built-in workflows. We have a lot of governance procedures to follow, especially around IT development. And lastly, we have experienced a better decision foundation, which is linked to the data quality” states Camilla Brahe Stenbæk, Head of Technology Transformation at Nordea CIO Office