Lån & Spar reduced the project portfolio - Peak Consulting Group A/S - UK




Lån & Spar reduced their project portfolio by 70% 

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With a portfolio management model, the bank gained a greater overview and rigorous prioritizing of the development projects, so they are now in coherence with the overall strategy and are visible on the bottom line. 

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A changeable market requires an organization, that can trim and tailor the business to fit the current market conditions. And precisely tempo and changeability can make it difficult to stop projects, that previously brought the business great value, but that due to changed market conditions are not contributing as much anymore.   

In Lån & Spar a portfolio of development projects had been worked up, that was not proportionally consistent with the size of the bank and the number of employees. They therefore needed to trim the project portfolio down to solely the development projects that created value for the business and were visible on the bottom line. 


In collaboration with Lån & Spar, Peak’s consultants developed a portfolio management model in order to reduce the number of projects. The model prioritized the different projects according to criteria, which are closely connected with the strategic goals of the bank. This is also connected to, the extent to which the individual project’s completion can be expected to increase sales, customer- and employee satisfaction as well as the potential to manage project costs, and whether the project is necessary for adhering to legal requirements. 

Aside from savings, the smaller number of projects has also brought increased employee satisfaction, states the bank’s portfolio manager, Peter Mølkjær. He observes that projects are carried out more effectively, with clearer objectives and deadlines for when a project must be completed.  

“Today the bank can adjust itself faster and easier to legal requirements and market development. The time spent going from idea to finished product has become shorter, and our solutions are higher quality Peter Mølkjær says. 


Employees per project compared to the previous 3,5
0 %
Reduction of the number of projects in the portfolio
Prioritized IT-development projects currently being worked on

Do you want to trim your portfolio?

At Peak we have some of the country’s brightest program- and portfolio managers, and we are happy to help you tidy up and create direction in your projects. Regardless of whether you are starting from scratch or need direction on your current portfolio, we are happy to advise you on how you can reach your goal. 

Read our other cases

Bank improved cyber security with new IT-concept 
Agency saved 3 million through agile development project 
Transport company established best practice investment program 

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