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

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So far Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK has created 205 blog entries.

Thinking Out of the Box in Project Portfolio Management

Administrative skills are vital to the success of any project. Organizing tasks, selecting teams, planning the execution, and getting the project underway are the primary functions which help deliver expected outcomes. The project manager, who is usually the driving force behind any project, needs to ensure every step of the project is going as per the schedule and stays within the allocated budget. Any hitch or hold up and the manager will face the heat. ...

What is PRINCE2 and how it can help projects?

One must have seen and heard how many projects have gone wrong, exceeding budgets and lost opportunities. Projects haven't to be like these. PRINCE2 is a structured method that gives very clear and very flexible approach to running projects.  PRINCE2 isn’t an extra overhead to be done, it’s a powerful toolset. PRINCE2's name comes from PRojects IN a Controlled Environment, and number 2 stands for version 2. PRINCE2 has a long history and it's track ...

New risk analysis widget in Thinking Portfolio

New and visual risk analysis -widget enables easily to see the big picture of the risks with one glance. Risk analysis -widget is great and efficient way to communicate project's main risks. This new feature brings valuable visibility, agility & efficiency for project's steering & direction. Following project -example consists of several risk factors: Time Complexity Resources Steering Scope Example: Depending on the needed risk analysis, risk factors can be easily changed. Note. This is new additional ...

Thinking Portfolio’s updated standards-based federated single-sign-on

The new single-sign-on solution of Thinking Portfolio is based on Microsoft Active Directory Federation Services (ADFS 2.0). The solution supports both SAML 2.0- and WS Federation 2.0 -based authentication schemes. No custom software is required at the customer side and the solution works from any internet location. Note. This solution is additional alternative to existing solution.

Thinking Portfolio new and easy project Time card view

Thinking Portfolio’s new Time card allows viewing your personal hour reporting by monthly very easy and quickly. If you are reporting your working hours to Thinking Portfolio, you can view your monthly hours just by pressing the Time card button in the Timesheet view (please see the picture below). You can save your project Time card to an Excel or a PDF file by using the buttons at the top-right corner and send your Time ...

Thinking Portfolio has the highest possible Dun & Bradstreet rating 2016

Dun & Bradstreet rating is a continuously updated system, which evaluates the credit standing and ability of companies to take care of commitments related to normal business activities by systematically gathering and analysing the operations, background, finances and payment methods of companies. Thinking Portfolio has the highest possible Dun & Bradstreet Credit Worthiness Classification rating 2016.

Strategic portfolio management and causality in business environment

In this instance the portfolio management causality means the relationship between two events which affect the portfolio. This is a situation where one event causes another. Typically, from portfolio management perspective, this could mean a significant change in the customer demand or in the interest level. A well-defined portfolio can find an effect for this during portfolio analysis. External indicators for the portfolio are a challenge A company's external factors and their indicators are often ...

Project Portfolio – Are you looking at the competition through the windshield or the rear view mirror?

Project portfolio management can provide quite concrete opportunities for companies. And not just in terms of strategy. Project portfolio management impacts the entire organisation and its ability to top quality service to its clients. This involves particularly the development of the organisational architecture from a business standpoint. You must develop services that save the client's time. You must provide services that are easy to utilise and beneficial to the client. Achieving this status requires significant ...

We’re looking for Thinking Portfolio Business Partners for Germany

Thinking Portfolio Germany - Business Partners We´re looking for Thinking Portfolio Business Partners to be sales representatives for Germany. Tell us about you and your company interest in representing Thinking Portfolio in Germany. Intuitive and easy to use Thinking Portfolio Software as a Service includes portfolios such as Project, Idea, Application and Service Portfolio. Interested? Fill the form – we will be in contact!

Varma Mutual Pension Insurance Company – PPM Producing Significant Benefits

The mutual pension insurance company Varma implemented Thinking Portfolio in 2014. So far, active projects as well as projects starting during the first quarter of 2014 have been added to the portfolio. The portfolio contains mostly IT projects, but there are some business development projects as well. Implementing Thinking Portfolio was easy Development Manager and Head of PMO, Katja Siekkeli, describes the implementation process of Thinking Portfolio as fairly uncomplicated. Varma had already utilised Excel ...

Thinking Portfolio has the highest possible Dun & Bradstreet rating 2015

Dun & Bradstreet rating is a continuously updated system, which evaluates the credit standing and ability of companies to take care of commitments related to normal business activities by systematically gathering and analysing the operations, background, finances and payment methods of companies. Thinking Portfolio has the highest possible Dun & Bradstreet Credit Worthiness Classification rating 2015.

The Service Catalog for Project Management Office

Project Management Office (PMO) is intended to optimize the most valued and costly asset  to any enterprise, its people. PMOs are used for technology oriented projects conducted in a well-managed, consistent and disciplined approach that advocates top quality products completed within an assigned budget and in a timely fashion. Tasks appointed are accomplished with the assistance of certified project managers along with a team of trained staff who work with project management methodologies and make ...

Motivating portfolio management and Open Book Management (OBM)

Open Book Management (OBM) came up when John Case (Inc. Magazine) invented and determined the concept and started using it in 1993. Later on Jack Stack (SRC Holding) completed the OBM management model, after which it was applied and taken into use more generally. The basic idea of Open Book Management is to share information in the organisation more widely than just in relation to one's own specific job. The aim is to commit the ...

How PMO Is Adding Value to a Public Sector Organization

Project management offices are finding their way into government organizations too, mainly due to the benefits that businesses and organizations are reaping because of them. Integrating PMOs into government offices could have been a much difficult task, if not for the increasingly skeptical customers and austerity measures that have made completion of projects under the budget a rule, rather than the exception.The sad part is that PMOs are underutilized in these sectors, which is also ...

Raisio – We are happy to have Thinking Portfolio

Raisio plc is a Finnish company established in 1939, whose shares are listed on NASDAQ OMX Helsinki Ltd. The company has over 35,000 shareholders. It employs some 1,900 people and operates in 9 countries. Group's net sales in 2013 were EUR 557.6 million and EBIT was EUR 39.3 million. Raisio is known for its innovations, of which cholesterol-lowering Benecol is one good example and Benemilk, with its ability to increase milk yield and improve contents ...