Innovation Project Management & Project Portfolio Solution
Company

Sto is a medium-sized company based in Wheat/Baden-Württemberg. Since its founding in 1955, Sto has developed into an international group manufacturing 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 digitization of a streamlined, consistent and centralized innovation management process, consisting of R&D and product-to-market projects, including tracking of the project execution (progress/cost/time/objectives actual compared to budget). This also includes support in making decisions regarding the prioritization of the innovation project portfolio according to resources and strategic priorities.

Benefits delivered
  • Development of a structured workflow for innovation project planning in order to collect all necessary inputs for innovation portfolio decisions from all participating organizational units
  • Optimized resource allocation process in the R&D project portfolio – aligned with strategic priorities – serves as a single point of truth
  • Standardization and stramlining innovation project management and project execution process (including integration into MS O365/MS Teams) to ensure that objectives are achieved within time, budget and with the planned personnel resources

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