Recommendations to Improve the Monitoring of Product Projects at the Case Company
Raatikainen, Minna (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024052917436
https://urn.fi/URN:NBN:fi:amk-2024052917436
Tiivistelmä
The objective of this study was to create recommendations for improving the monitoring of product projects at the case company. The goal was to enhance the effectiveness of this monitoring, which had not sufficiently supported decision-making due to inadequate data available. Additionally, as the organization and its units operated globally, it was crucial to ensure uniform monitoring of product projects across all locations. Achieving this uniformity would enhance understanding of development and innovation opportunities and improve product portfolio management.
Applied Action Research with qualitative methods was used, focusing on solving a specific business problem within the organization through a four-stage process: current state analysis (CSA), literature review with conceptual framework (CF), recommendations creation, and recommendations validation. The CSA identified strengths and weaknesses in current practices, with key weaknesses related to data management, visualization, project evaluation, and target setting. The literature review provided best practices and tools for addressing these weaknesses, forming a conceptual framework for the initial recommendations.
In the recommendation creation stage, initial recommendations were co-created with the stakeholders during workshops and interviews. These were refined and validated with top management, resulting in final recommendations categorized into improving data management and visualization, and enhancing project evaluation and target setting. The recommendations offer a comprehensive set of actions to streamline project monitoring, improve data management, and enhance decision-making for new projects. Implementing these changes will provide better visibility and usability of project data, improving the company's ability to manage and understand product project success factors.
Applied Action Research with qualitative methods was used, focusing on solving a specific business problem within the organization through a four-stage process: current state analysis (CSA), literature review with conceptual framework (CF), recommendations creation, and recommendations validation. The CSA identified strengths and weaknesses in current practices, with key weaknesses related to data management, visualization, project evaluation, and target setting. The literature review provided best practices and tools for addressing these weaknesses, forming a conceptual framework for the initial recommendations.
In the recommendation creation stage, initial recommendations were co-created with the stakeholders during workshops and interviews. These were refined and validated with top management, resulting in final recommendations categorized into improving data management and visualization, and enhancing project evaluation and target setting. The recommendations offer a comprehensive set of actions to streamline project monitoring, improve data management, and enhance decision-making for new projects. Implementing these changes will provide better visibility and usability of project data, improving the company's ability to manage and understand product project success factors.