Our client, a European renewable energy company that develops and sells renewable energy solutions at scale and is one of the largest developers of onshore wind power in Europe, faced significant challenges in efficiently managing project demands and gaining comprehensive visibility across investments throughout their lifecycle.
To address these challenges, HCLTech supported the firm by leveraging Strategic Portfolio Management (SPM) to align project execution with strategic business objectives and foster a collaborative, agile approach that ensured successful implementation, from requirements gathering to adoption.
The Challenge
- Use of disparate, outdated tools with limited integration
- Lack of a unified source of project data leads to manual processes and error-prone reports
- Hindered ability to make timely decisions, impacting project alignment and company goals
- High maintenance costs and technical debt from outdated systems
- Need to reduce time-to-market for new investments and technologies like hydrogen while aligning with diverse acquisitions and market demands
The Objective
- Implement an efficient system for managing large, multi-year projects to achieve company goals
- Develop a methodology adaptable to diverse countries with varying organizational, legal and cultural requirements
- Address demand, resource, financial and risk management across all projects
The Solution
SPM was pivotal in aligning business objectives with efficient project, demand and ongoing financial controlling management systems at the core of the business.
- Streamlined tools for enhanced efficiency and user adoption
- Facilitated transition to modern work practices within the renewable energy sector
- Utilized SPM to align with business objectives across internal and external stakeholders
- Implemented a phased approach (MVP) focused on multinational teams open to change, ensuring clear outcomes
- Enabled visualization of financial status and energy benefits (MegaWatts) at multiple levels
- Provided flexibility in project management methodologies to predict, forecast and maintain accurate energy information
- Integrated tools to visualize and manage risks and opportunities across the development and construction portfolio
- Tailored solutions to meet the needs of personas, including project managers, product sponsors and country managers in the renewable energy sector
The Impact
- Achieved higher user adoption and productivity, fostering collaboration and operational excellence
- Provided comprehensive bottom-up and top-down visibility across functions, supporting many investments and projects
- Integrated reports and widgets for efficient decision-making and project prioritization
- Fully integrated into the application landscape as a core data source, with plans to expand to other teams and internal IT projects
- Utilized SPM solution to track, collate and measure contributions to climate, biodiversity, environmental plans and circularity
- Planned annual sustainability and local engagement reports leveraging insights from the SPM Solution, scheduled from 2024 onwards
