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.

Cargotec – Development projects carried out with Thinking Portfolio PPM

Cargotec is a global technology company delivering load handling solutions and maintenance services. Their business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions. Cargotec's main branch is located in Ruoholahti, Helsinki, with sales branches in over one hundred countries with staff in 48 countries.  In addition to having its main branch in Finland, Cargotec has a testing and product development centre in Tampere. The company also has product development, ...

Strategic Portfolio Management and causality of the business environment

Portfolio management causality in this context refers to the interrelation between two events impacting the portfolio. This is a situation, where an event results in another event. From a portfolio management perspective such a situation would typically arise from a significant change in demand or interest rates. A well-defined portfolio contains an outcome for such events as determined by the portfolio analysis. Challenge of indicators outside the portfolio One of the most significant challenges in ...

Thinking Portfolio maintains its solid AAA credit rating

This year, 2.6% of Finnish companies have a credit rating of AAA. AAA rating is based on the automatic credit rating system developed by Soliditet Finland. It 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.

Why some succeed with their projects and others do not?

Presentation of new business development ideas provides the material for comprehensive description of the operational benefits of the business, financial requirements and risks associated with the new idea or project. A large organization creates dozens of good ideas daily to develop the business. These organizations should be able to evaluate and explore in more detail and choose the best ideas to put in motion. The task is challenging; a lot of material needs to be ...

Thinking Portfolio for development and lobbying activities of the Association of Finnish Local and Regional Authorities

The Association of Finnish Local and Regional Authorities is improving its lobbying activities, as well as its service and development operations by implementing the Thinking Portfolio application. Strategic management requires up-to-date, reliable and concrete information for decision making. Tiina Rinne, Program Coordinator of the Association of Finnish Local and Regional Authorities, is advocating an open, cooperation-oriented culture of development. She is hoping that new methods and tools will increase transparency while improving results and well-being. ...

Is your application portfolio ready? – Introducing Bring Your Own Application (BYOA)

In the recent years, there has been a talk of a trend within organizations, where employees are allowed to use their own devices in work. This phenomenon has been coined BYOD, or Bring Your Own Device. The phenomenon has been a divisive one One of the positive factors related to it is user satisfaction, which in turn results in increased productivity at work. However, BYOD has also presented challenges. Data administration has found it difficult ...

Project portfolio management is part of change management

Implementing changes thoroughly requires good planning, execution, staff coaching and communications, and often other processes and tools as well. Well-implemented change is not an incredible solo act; it requires extensive cooperation throughout the organization, where everyone has a role to play. The management is responsible for enabling changes and eliminating obstacles to development. Top and middle management tasks are vital in providing support for practical measures. Interest groups are also important, and we should also ...

Make better decisions and have a view of strategy implementation in real time

Do you want your organization to make better decisions and have a view of strategy implementation in real time? With the Thinking Portfolio® project portfolio and Project Institute ABC Project Model™ it can. You can enhance your project portfolio management and project management efficiency by up to a few weeks. Thinking Portfolio is acclaimed as an easy and flexible way to manage customer project portfolios and provides a definitive report on the market potential of ...

Project resource management problems are side effects of other issues (TOP 5 perspectives)

1. Resource management is not a solution for productivity Productivity is a common objective of resource management. While productivity is an appropriate measure of operational efficiency, it should not be seen as the focus of resource management. In fact, resource management is often quite far removed from the input-output ratio focused on producing the maximum amount of satisfactory output in the least amount of time. This often calls for changes in key processes rather than resource ...

How to be successful in project portfolio management development (Read TOP 8 experiences)

1. Keep it simple! Keep things simple, always try to find the key elements in each development phase and simplify it. The implementation of a typical strategic portfolio management operating model and tools takes around 100 days. Development processes which tend to drag on are unlikely to yield positive results. According to our experience, the complicated way has never worked in practice. 2. Earn the support of the management In the event that management aspires ...

Application Portfolio Management Ensures Efficiency and Transparency in Information Technology Management

Project and programme portfolio principles can also be utilised in the management of organisational applications and information technology services. Every application of the entire organisation, not just those of the IT department, can be grouped into a portfolio just like projects. In this event, all the applications of an organisation are compiled and a set of common comparison criteria are designed for them. The criteria may include definitions as, for example, a service produced by ...

Thinking Portfolio® provides Women’s Bank with project portfolio for coordination of voluntary services

Thinking Business Group and Women’s Bank have signed a three-year cooperation agreement regarding the Thinking Portfolio® project portfolio. Thinking Portfolio provides the Finn Church Aid-owned Women’s Bank fund with a project management tool on a pro bono basis. The programme and project portfolio, which will be implemented during the spring, will facilitate voluntary work coordination and cooperation management while significantly improving reporting. The local groups, or cells, of the Women’s Bank organise hundreds of events ...

Offer better PMO service and PPM tools to your organization

Offer better PMO service and PPM tools to your organization by developing the organisation from business perspective. Use Thinking Portfolio project portfolio for this work and make it the whole organisation's business. Make sure that you stay ahead of your competitors – otherwise it could be too late! We must develop PMO and PPM services which save our organization's time. We must produce services which are easy and which will bring benefits to the customer's ...

Today is also a good day to do the project portfolio stress test

Typically the stress test comprises a number of "What if?" calculations which are used to analyse, in different situations and scenarios, prerequisites which help to cope with any difficult times in future. Portfolio management includes methods which can be applied as a part of project portfolio analyses and management. You can start the project portfolio stress test by tracing a situation where you have to make cuts to the development investments, 30% off, for example. ...