Addison Avenue Federal Credit union is $ 2 billion credit union based in Palo Alto, California. Addison Avenue has over twenty branches in ten states and Puerto Rico. Their 400+ employees serve over 130,000 members around the world and continue to grow by expanding into new geographies and delivering new and innovative products and services to employees and family members of high tech companies within their field of membership.

Challenge

As a growing credit union in a rapidly changing industry, Addison Avenue executives consider many strategic initiatives. In this challenging environment, the executives need to be confident they are prioritizing these strategic initiatives to maximize their impact on the organization while maximizing the use of limited resources. Therefore, the project management office (PMO) must manage the strategic initiative process while providing needed project visibility to the executives so they can confidently make decisions.

Solution

In April 2007, Addison Avenue began researching alternatives to managing their portfolio of strategic initiatives on a collection of spreadsheets. They needed a solution that had the ability to:
* Prioritize organizational and department level projects
* Increase the visibility of all projects in the organization

In addition, they wanted a portfolio management solution that maximized their resource productivity by being:
* Easy to use
* Quick to implement
* Affordable

Results

After investigating several alternatives, Addison Avenue chose to implement Portfolio Intelligence® from 3 Olive Solutions. They chose Portfolio Intelligence because it:
* Provided an objective way of scoring and prioritizing projects
* Consolidated project information and eased reporting
* Was simple to operate and implement

Jennifer Weber, the manager of Addison Avenue’s PMO commented: “Portfolio Intelligence is a good fit for our size company. We like the combination of portfolio methodology and workflow with the right level of project management functionality.”

Addison Avenue was able to implement Portfolio Intelligence in the course of a few weeks. They have used it successfully for their strategic planning process to score and prioritize their projects. Portfolio Intelligence has given them a tool that allows them to:
* Report on all the strategic project information from one place
* Confidently SELECT projects using a custom scoring model
* Increase project visibility and quickly provide project status to the entire organization