F1 in Schools ENTERPRISE PORTFOLIO tips and tricks!

Summary

The video, presented by Olaf from F1 in Schools Ireland, focuses on preparing teams for the enterprise portfolio section of the competition. It details the submission process, emphasizing the need for a hard copy at regional and national finals. Olaf explains the five key scoring areas: project management, teamwork, sponsorship and marketing, project evaluation, and document presentation. He stresses the importance of detailed planning, teamwork, financial management, and professional presentation. The video aims to help teams understand how to excel in creating their enterprise portfolio and succeed in the competition.

Takeaways

• 📊 The enterprise portfolio is a crucial part of the F1 in Schools competition, split into six judging sections.
• 📅 Teams need to prepare one hard copy for the regional finals and two identical copies for the national finals.
• 📏 The portfolio should be A3 size, with a maximum of 10 pages, excluding the front and back covers.
• 💯 A total of 100 points is allocated for the enterprise portfolio, split across five subsections with 20 points each.
• 🔧 The first section focuses on project management, requiring teams to show their planning, scope, timelines, resources, and risk management strategies.
• 🤝 Teamwork is the second section, where clear roles, contributions, and interactions between team members must be well-documented.
• 💼 The third section covers sponsorship and marketing, emphasizing the team's ability to engage partners and showcase their return on investment.
• 🧐 The fourth section evaluates the team's project performance, asking teams to critically assess their successes and areas for improvement.
• 📑 Document presentation, the fifth section, emphasizes the professionalism, organization, and visual impact of the portfolio.
• 📞 Teams are encouraged to reach out with any questions before the competition, and the speaker is looking forward to meeting them.

Q & A

What are the two portfolios mentioned in the competition, and which one does the speaker focus on?

The competition involves two portfolios, and the speaker focuses on the enterprise portfolio in this video.

How many copies of the enterprise portfolio are required at regional and national finals?

At the regional finals, one hard copy is required. At the national finals, two identical hard copies are required, with one copy being retained by F1 in Schools Ireland.

What are the format and length requirements for the enterprise portfolio?

The portfolio should be A3 size or similar and consist of 10 pages, which can be either 10 single-sided pages or 5 double-sided pages. The front and back covers are not included in this count.

What is the total score for the enterprise portfolio, and how is it divided?

The enterprise portfolio is worth 100 points in total, divided into five subsections, each worth 20 points.

What factors should be considered in the project management section of the portfolio?

The project management section should include the project scope, time management, resources needed (information, materials, people, money), risk mitigation plans, and detailed financial management with budgets.

What is expected in the teamwork section of the enterprise portfolio?

The teamwork section should demonstrate a highly structured team with clear roles and effective contributions from all members. Role interactions should be recognized, and any conflict resolution strategies should be explained.

What should be included in the sponsorship and marketing summary?

The sponsorship and marketing summary should describe the partners approached, the methods used to secure sponsorship (e.g., face-to-face vs. email), how sponsors will see a return on investment, and where sponsor logos will be displayed.

How should teams evaluate their project in the project evaluation section?

Teams should critically assess both successes and failures, showing how they have grown as a team and improved their performance over time. This section should reflect on what worked and what didn’t during the competition.

What are the key elements to focus on in the document presentation section?

The document should be well-bound, legible, free of spelling and grammar mistakes, and printed with high-quality materials. The layout should be clear, professional, and consistently organized to make it easy for judges to read.

How can teams reach a high score in the enterprise portfolio's different sections?

To achieve a high score, teams need comprehensive project management, structured teamwork, creative sponsorship and marketing activities, thorough project evaluation with improvement actions, and a professional, well-organized document presentation.