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.

4 IT Portfolio Challenges that Keep CIOs Awake

Chief Information Officers in any organization have a wide range of responsibilities that must be handled expertly and simultaneously. They also have to ensure that sensitive information, databases and other forms of data in any company are kept safe. Frequent surveys reveal that there are a few problems and challenges that continue to plague a CIO. Security Experienced CIOs understand the importance of information security and taking all stops to facilitate better security. Multi-layered defense ...

Tips on How to Define and Plan PPM Procedures and Guidelines

It is important for an organization to manage and categorize their project portfolio while handling several projects. Categorization helps in the alignment of projects with the goals of the organization. PPM or Project Portfolio Management is actually a management process. The purpose is to help the organization gain information using several methods so that projects can be analyzed and sorted according to certain criteria. Some benefits of Project Portfolio Management The organization is able to ...

Top-6 Critical Security Issues for a PMO

The project management office staff faces security theft issues from the time a project is accepted till the time it is delivered and as it passes through various stages of development. Projects in every industry be it software, manufacturing, research and even construction can suffer if security breaches are recognized and information is stolen by rivals. Depending upon the criticality of project, the team members have to be careful about varied security issues ranging from ...

Communication Tips for Your Project

Communication within a project can spell success or failure depending on the way stakeholders interact with each other and share relevant information at the required time. Though all team members working on a project may continue to interact with each other on a daily basis via email, status reports and inter office messaging service, pressure of work schedules sometimes may lead to missing important information. To keep project on track, project managers should have good ...

6 Things that Successful Project Managers do

Project management doesn’t end with handing out responsibilities and organizing meetings. Nor should it mean you are the one fixing the tiniest of issues that crop up. Good project managers know how to enable, empower and manage their teams to efficiently deliver business driven goals. Have a business driven approach A great project manager doesn’t just need good business acumen, he needs to be business focused. Motivated by the strategy of the organization and aligned ...

80% of good strategic portfolio management means looking forward

At its best, portfolio management is committed to achieving the strategic goals of the organization, analyzing future events and coordinating proper timing for developing the right programs and projects. As said before, nothing can save a project if the goals and timing are wrong considering the full picture of the situation. If the timing is wrong or the goals are unrealistic, no one is able to save a project, not even the best project manager ...

The Secret to an Improved Enterprise Architecture and Business Culture

Enterprise Architecture (EA)is the most valuable, self-created asset for a company. When defining the business value of a company, the key areas of evaluation are enterprise architecture, most valuable clients, top-grossing products and innovations. Developing the aforementioned items in an active, passionate way is an essential part of the culture of an above-average organisation. Enterprise Architecture Is Created Together with the Clients Organisational culture that fails to adequately respect and appreciate enterprise architecture is doomed ...

The City of Espoo Chooses Thinking Portfolio

The City of Espoo has chosen Thinking Portfolio (AE Business Care Group Oy) as its management support system supplier. The Thinking Portfolio project portfolio bid received the highest score of 99.38 (out of a maximum of 100 points) in the tendering process set up by the City of Espoo, providing the most economic project portfolio solution in terms of overall economics and lifespan.

6 Things that a Public Sector PMO Needs

Project Management Offices (PMOs) are underutilized in the public sector, but can have significant impact on the efficiency of these government agencies. As the public demands more for its tax dollars, and governments put in place austerity measures, public sector organizations have had to tighten up. With a good PMO, an agency is able to deliver more, with greater efficiency. Close alignment to organizational goals Unless a PMO is aligned to the agency’s overall strategy ...

6 Project Portfolio Management Tips for Beginners

Project portfolio management or PPM can be a tricky proposition for beginners. While there are several set methods to go about setting it up, you should follow a few tips and tricks that can bring you better results. The following six tips can help you make the best of your company’s PPM and provide quick, profitable and tangible results. Methodologies in project portfolio management can easily get outdated as they are static in nature. Instead ...

6 Things that a Successful PMO Won’t do

Running a successful Project Management Office (PMO) may seem simple enough. After all, with a good system and an experienced team, what more could one need? But bad project management can boil down to things that seem right on the surface, but could have extremely negative repercussions in the long-run. Not knowing who is right for the job Having the right people on point positions is key. Poor resourcing decisions can snowball into project delays ...

PMO and Communication Skills

A project manager’s office or PMO is the focus of all activities that are being carried out in an organization. A project management team has to plan, track, manage and report progress of work being carried out within an organization. Team managers and coordinators have to coordinate with their team members and project office about requirements and expectations to ensure that work is done as per client expectations and instructions are not misunderstood. An effective ...

Specific Roles, Functions and Objectives of Service Portfolio Management

Service portfolio management is essentially the process responsible for the establishment and putting together of the basic service design package also known as the SDP. Service portfolio management is fast becoming a critical objective for most IT companies seeking to achieve greater success in providing advanced IT services as well as superior support to customers or users. The main idea behind service portfolio management is to bring down the complications in the IT processes and ...

Understand your PMO Total Cost of Ownership

As organizations becoming increasingly reliant on a Project Management Office (PMO), it becomes all the more important to have a clear idea of the Total Cost of Ownership or TCO. Knowing your TCO can help a business plan better. Budgeting decisions, the bottom line and even strategy have a closely linked relationship with the costs associated with a PMO. Keep it simple While communicating the TCO, the PMO must ensure that it is not chock-full ...

Good Project Communication and Social Media

Social media has long ceased to be a domain of private individuals keen on maintaining long distance relationship with friends and family by posting details about their whereabouts and latest happenings in life. In corporate world it has become a handy tool for managers to address team communication problems and broadcast information about changes in policies also interacting with clients. In current global business scenario wherein teams are spread across the globe and are working ...