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3 Olive Solutions Adds Real-Time Risk-Reward Evaluation to Portfolio Project Management Tool.


Partnership for Lean Innovation assists with product design

CHICAGO -- 3 Olive Solutions, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 announces an enhancement to its flagship project portfolio management solution, Portfolio Intelligence[R], which includes real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example.  evaluation of portfolio risk-reward profiles through an easy-to-use, visual bubble charting A chart that uses bubble-like symbols often used to depict data flow diagrams.  capability.

"This new feature builds off of the methodology in Portfolio Intelligence and provides valuable additional information for portfolio decision-making decision-making,
n the process of coming to a conclusion or making a judgment.

decision-making, evidence-based,
n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from
," said Bob McMurray, chief technology officer for 3 Olive Solutions. "Current users can now visualize and prioritize pri·or·i·tize  
v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem

v.tr.
To arrange or deal with in order of importance.

v.intr.
 their project pipeline in terms of likely benefit, risks and alignment without having to enter any new information."

The new enhancements were developed with the assistance of the Partnership for Lean Innovation and its Lean Innovation Program which works with small and medium-sized manufacturing enterprises to combine lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product.  methods with product development best practices.

"We were very excited to work with 3 Olive Solutions on this enhancement to Portfolio Intelligence," said Ken Bloemer, vice president of TechSolve, Inc. which administers the Lean Innovation program. "These improvements tie directly to our efforts to improve product development practices and will help our clients get more value from the Lean Innovation Program."

"These enhancements will allow even tighter integration of the business level management decision-making processes Presented below is a list of topics on decision-making and decision-making processes:

| width="" align="left" valign="top" |
  • Choice
  • Cybernetics
  • Decision
  • Decision making
  • Decision theory


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 that are part of the Lean Innovation Program and the capabilities of Portfolio Intelligence," said Gene Kania, portfolio management expert and principal of mc2solutions, a management consultancy. "This is a win-win for everyone, but especially for companies that want to make improvements to their product development processes."

About 3 Olive Solutions

3 Olive Solutions (www.3olivesolutions.com) is a Chicago-based project portfolio management firm that provides affordable, easy-to-implement solutions to help executives and managers organize, control and make better decisions. Its flagship service, Portfolio Intelligence, is an on-demand product designed for small and mid-sized organizations or departments within larger companies, such as project management offices. The firm has a nationwide clientele in industries that include business and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, manufacturing, distribution, construction, education, government and not-for-profit. For more information, call 800 753-5821 or email info@3olivesolutions.com.

To learn more about the Partnership for Lean Innovation or the Lean Innovation Program, visit the TechSolve website at www.techsolve.org. For more information about mc2solutions and their involvement in these programs, go to www.mc2solutions.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 4, 2006
Words:376
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