Better insights & decision-making with Projectum xPM and Time Tracking

When Context& first met Nordea, the challenge presented was that their PPM solution for time reporting and PPM matters was costly in software licenses, lacking user-friendliness and integration capabilities. Nordea was also experiencing a high degree of continuous development, as opposed to configuration capabilities, and was lacking out-of-the-box functionality with an easy path to Jira integration. They were looking for increased user-friendliness and the ability to remove some of the “red tape” prohibiting a true anchoring of Project Portfolio Management in the organization.

It was soon clear that Nordea was looking for a partnership to implement a modern PPM Solution. The outcome was a close relationship between Nordea and Context&, centered around Context&’s products, Projectum xPM (prev. Power PPM) and Time Tracking (prev. Time Tracking) with the following goals in mind:

• Reduce time spent on monthly PPM processes

• Increase user-friendliness

• Be able to have better integrations to other tools (with a modern cloud solution based on Microsoft 365)

• Remove “red tape” for the users

• Have the possibility to enhance data quality for Management decision-making

• Reduce software license costs

A key factor in the successful partnership between Context& and Nordea has been the collaboration, which also played an important role in the initial decision phase for Nordea. “We wanted a partner, not just a supplier/customer relationship – we wanted a true partnership, in allowing us to go the extra mile together.” Most of the collaboration has been virtual, and ambitious timelines were set for the implementation phase, but even with the physical distances, both parties managed to build a strong partnership where Context& consultants have dedicated their time to support Nordea whenever help has been needed.

In a near future, Nordea has already stated that the next phase will be to extend capabilities within portfolio management and portfolio planning. Nordea have ambitions of looking into a set of areas e.g. OKR’s, ideation, resource forecasting, scenario planning. All areas of which Context& offers tools within. Particularly within the area of strategy planning and execution, where Projectum xPM includes a feature for OKR’s and roadmaps, which would allow Nordea to harvest the strategic benefits and accomplish overall strategic objectives by getting the strategic direction from a portfolio perspective.