In this case study, we examine how North Highland used a NH360, a global cloud-based strategic portfolio management process and toolset, to get rid of inefficiencies and offer a comprehensive view of projects, portfolios, and financial performance.
Client Situation
The client wanted to standardize portfolio management processes across the entire organization. They needed a unified view of portfolio performance, project statuses, and project financials. Detailed information on portfolio performance was necessary to support their rate case with government entities.
Our Approach
- Create a streamlined process for analyzing investments, assessing risks, and aligning with strategic goals.
- Support both annual and dynamic financial planning processes.
- Interface seamlessly with existing corporate financial and project management systems.
- Improve delivery metrics by enhancing visibility and maintaining constant governance oversight.
- Standardize demand management and financial governance processes and controls across the entire enterprise.
Value Delivered
- Made project intake and approval uniform, and established workflows to control funding governance processes while simplifying governance controls at the execution level.
- Implemented a centralized financial framework for selecting projects, monitoring capital, and providing financial controls necessary to manage project and operational spend.
- Integrated with an ERP solution to import financial actuals.
- Standardized the enterprise resource pool to optimize resource planning and utilization, capturing accurate resource demand and providing visibility into constraints at both role and individual levels.
- The Roadmap Manager defines, shares, and automates Strategic Roadmaps that track cross-project, program, and product interdependencies.
- Standardized reporting at the Portfolio, Program, and Project levels offers trending reports, with integrated financial reporting using ERP toolsets for reconciliation.
- Integrated the SPM solution with Microsoft Project Online, Primavera P6, and Copperleaf to support standardized scheduling and milestone synchronization for road mapping and dependency management.
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