About Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK

Thinking Portfolio

How to Manage a Hybrid Agile and Waterfall Project

Studies suggest that traditional methodologies for project management are often responsible for the inability to adapt to changes. This makes the testing of products or making modifications nearly impossible. The solution to this problem is believed to be in the adoption of an ‘agile’ approach to project management. This is essentially an incremental, iterative development approach that allows adjustments to be made to products. Hence it reacts better to changing needs of a project. The [...]

Digitalization as a Part of Good Portfolio Management part 2

In an era where nearly everything is gradually becoming digitalized, why should portfolio management be left behind, right? In fact, digitalization actually makes the management of a huge number of existing and proposed projects much easier. Digitalization is essentially the process through which information gets converted into easy-to-use digital formats. This collective information is then organized into independent data units called ‘bits’ which can be addressed separately. How digitalization can help in good portfolio management [...]

How to change the Project Model during a Project

Before discussing how to change the project model during a project, let’s try and first understand why such a need arises. Why a traditional approach might fail to generate results Project managers can definitely change their mind with regards to following the traditional project management approach for a number of reasons. Some of them could include the following: Identification of a defect-there might be a bug which needs to be addressed immediately. The client realizes [...]

When to Choose Agile or Waterfall Project Mode

When it comes to project implementation, one of the most critical decisions to take is regarding the methodology to be used. There are basically two types of methodologies most commonly employed by businesses. These are: Waterfall or the so called “traditional” approach Agile approach, which is a relatively newer method of project implementation and uses Scrum Let’s try and understand when to use the two methodologies. The Waterfall Model Similar to manufacturing and construction work-flows, [...]

Waterfall Project Methods and Its Five weaknesses

In a waterfall project model, every phase requires completion before a new phase can start. Such a model type is essentially utilized for projects which are smaller and do not entail any uncertain requirements. As each phase ends, a review is undertaken to understand whether the project is moving on track or whether it needs to be continued or discarded. Waterfall project methods basically focus on quality. While the waterfall project method has its set [...]

Rakennustieto (Building Information) gives recognition to the wisdom brought by Thinking Portfolio widgets

Rakennustieto promotes good building methods and produces reliable information for infrastructure, building construction, building technology and property management. Rakennustieto is an information house on full service and its products cover the life-cycle of construction from planning to maintenance. […]

Thinking Portfolio concretised the project portfolio processes of City of Tampere

Projects to be visualised and agility to the management of procedures Guided by the Group Management Unit, City of Tampere took Thinking Portfolio project portfolio application into use in November 2015. The implementation of the application was a follow-up to the development of a project management model started in 2014. The City of Tampere project portfolio deals with all projects relating to the development of services, operations and management and all projects containing ICT development, [...]

The clarity and functionality of Thinking Portfolio convinced Vaasan Oy

Vaasan Oy is a Finnish bakery company that operates also in the Baltic countries. We have been baking in Finland since 1849, which makes Vaasan Oy Finland’s second oldest bakery. Its most known brands are Vaasan Ruispalat, Vaasan Taika and Vaasan Isopaahto. Source: www.vaasan.fi Vaasan Oy and Thinking Portfolio started the implementation project of the project portfolio in specification workshops in March 2015. The application started operations in June - August. One important reason why Thinking [...]

The life-cycle of a project became clearer at Trafi with Thinking Portfolio

Trafi develops the safety of the traffic system, promotes the environmental friendliness of traffic and is responsible for the official tasks relating to the traffic system. (www.trafi.fi) All projects are in the portfolio Since the beginning of 2016 Thinking Portfolio has been the tool for all project management at Trafi. The contents of Trafi's project include the development of customer services as well as the development of ICT and other independent initiative projects. After the [...]

In Varma a positive experience with Thinking Portfolio project portfolio influenced the selection of the application portfolio

Varma is a mutual employment pension insurance company, owned by its client companies and self-employed persons, insured employees and owners of the guarantee capital. Varma takes care of the statutory earnings-related pension cover of private sector employees and self-employed persons and currently covers around 862,000 people. (www.varma.fi) Varma uses several dozens of applications. In November - December 2015 Varma began using Thinking Portfolio application portfolio to improve the management of basic knowledge and application status [...]

Thinking Portfolio project portfolio makes environmental development projects easier in HSY (Helsinki Region Environmental Services)

  Helsinki Region Environmental Services, HSY, is a municipal federation which provides services in water supply and waste disposal as well as information on the metropolitan area and environment. HSY helps residents to act better on behalf of the environment. Small projects follow large projects HSY development projects are managed in the Thinking Portfolio project portfolio. The subjects and budgets of projects vary a lot and they are made in several lines of business and [...]

Thinking Portfolio gives aid together with Finnish Red Cross

The Finnish Red Cross is one of the largest civic organisations in Finland. The Red Cross is a humanitarian aid agency belonging to the Red Cross and Red Crescent movement, which operates in 189 countries around the world. The task of the Red Cross is to help the people in weakest position during catastrophes and crisis in order to prevent and mitigate human suffering, as well as to support and help the country's authorities during [...]

Local Tapiola recommends wide-ranging capitalising on Thinking Portfolio

Local Tapiola is a Finnish group of companies owned by its customers, which offers life security for personal customers, companies and communities of all sizes, as well as for farms. Life security describes a method to serve customers through a lifetime and its changing scenarios. Local Tapiola invests in security, health and well-being of its customers. Local Tapiola uses Thinking Portfolio for managing the group's development portfolio and working time tracking of Local Tapiola Services [...]

Benefits of Big Data in Project Portfolio Management

The term Big Data is a relatively new connotation that denotes an enormous volume of the complex data set and is used by thousands of organizations world over with the aim of extracting information to re-invent their business strategies. Apart from its utility in large customer-centric organizations such as the airline industry, the big data also finds an extensive use in project portfolio management. Big data helps enhance the efficiency of project portfolio management Often, [...]

5 Problems with Scrum You Need to Avoid

We’ve often heard that adopting a scrum model can be beneficial for software projects which have pressing demands or see quick changes. Here is how a scrum method typically works: A team sits down for a short planning session to decide what needs to be worked on in the forthcoming iteration. The team members then work for several weeks and develop a “potential shippable release”. Now here are 5 key problems with Scrum which you [...]