Innovation Project Management & Project Portfolio Solution
About

Sto is a medium-sized company based in Weizen, Baden-Württemberg, Germany. Since its foundation in 1955, Sto has developed into an international group for the manufacture of products and systems for building coatings. Sto is divided into four business areas: Facade, Interior, Floor Coating and Concrete Repair and Protection.

~ 1,6 billion € revenue
~5.600 employees
Objectives & Scope

Development and digitalization of a streamlined, unified & centralized process for Innovation management, consisting of R&D and Product to Market projects, incl. tracking of the project execution (progress/money/time/objectives actual vs. budget). This includes decision support in terms of innovation project portfolio prioritization by resources and strategic priorities

Benefits delivered
  • Establishment of a proper innovation project planning workflow to collect all inputs needed for innovation project portfolio decision making from all organizational units involved across the organization
  • Optimized R&D project portfolio resource-allocation process aligned with strategic priorities serves as a singlepoint of truth
  • Standardization and streamlining innovation project management and project execution process (integration with MS O365/MS Teams) to assure the project objectives arereached in time and budget and with the planned personnel resources

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