THESIS - O&M strategy execution in the power utilities industry

Background 

Understanding how effectively a company executes its strategy is crucial for long term success. However, measuring performance against strategic goals is often a complex task, requiring the right mix of metrics, data collection and analysis.

Fortum Hydro Generation, particularly its O&M (Operation and Maintenance) unit, has been undergoing a transformation since taking the strategic decision about a year ago of insourcing all O&M functions and personnel from our outsourcing partners. This shift expanded the organization by approximately 300 employees, with several strategic goals and synergies identified to ensure the success of this transition. The business transfer was completed on 1st June, 2024, and the focus for the coming years is now on realizing these synergies and achieving the strategic goals. 

Objective 

This master thesis project will focus on exploring methodologies and frameworks to evaluate how well an organization is performing in relation to its strategic objectives. The research will include a comprehensive literature study, exploration of existing methodologies, identification of key performance indicators (KPIs) and providing recommendations for best practices in tracking strategy execution.  

This project presents an excellent opportunity for a motivated student to bridge the gap between strategic planning and performance measurement, applying these concepts in a real case while delivering valuable insights to our business. 

Our offer 

At Fortum we see a Thesis Project as a good way to get to know you during your study time and for you to learn more about Fortum and how our business is working. A Supervisor will be appointed to support and guide you through the Thesis Project and you will also create a network of people within the Company as well as with other Students doing their Thesis with us.  

For a well performed and approved work, we will provide a taxable award. 

This Thesis Project is preferably executed at our Swedish main office in Stockholm/Solna. 

Your Qualifications 

The Master Thesis can be adapted to suit one or two students. We believe you are studying Engineering or Economics at a Master Program level and we believe you have an interest in the power utilities industry, strategy execution and performance management. 

The Project can be performed in either Swedish or English. 

We expect you to be analytical, energetic and able to work independently. You like challenges and are interested in solving complicated problems. 

Interested? 

To apply, register your CV and a personal letter of maximum one page or a Power Point presentation of maximum two slides, in our Recruitment Tool via “Apply now”, latest by 24th November 2024. Applications will be evaluated continuously and an applicant may be on-boarded before this date.

The personal letter shall include an approach on how you would like to investigate the task. Mark your application with the reference number HYG-179.

If you apply for this together with someone else, each shall submit an application, stating with whom one wants to co-work on this project.

If you have General questions about Theses or Internship at Fortum, please address those to fortumcareers@fortum.com.