project management – Page 5 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

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, ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:02:21+03:0025.7.2016|

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 ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:03:14+03:0019.7.2016|

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, ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2022-06-29T17:59:52+03:0012.7.2016|

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 ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:07:55+03:0012.7.2016|

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 ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-06-13T01:09:03+03:0012.7.2016|

What Makes Scrum Projects Fail?

Scrum is popular mainly due to some of its specific key advantages. It promotes quick product delivery, transparency and improved workforce management among other things. Of course, the advantages depend on how successfully a Scrum project has been implemented and also on the commitment levels of the team during the entire process. Even though Scrum has its set of advantages for businesses, it can also fail miserably in numerous cases. Here are some of the ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-03T14:12:08+03:0027.6.2016|

Idea Screening vs. Idea Scoring

Ideation, idea screening and idea scoring are the first few steps that have to take flight, before a project goes up for approval and execution. No doubt, the course that your project takes is key in determining business success, but generating, screening and scoring serve as a foundation for this to take effect. Let's take a look at two common methods used in the project selection process- idea screening and idea scoring. Idea screening Idea ...

Thinking Portfolio2017-07-04T11:27:36+03:0020.6.2016|

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 ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:30:39+03:0023.5.2016|

Security Risks in Portfolio Management

Project managers have various sophisticated and ingenious PPM tools at their disposal today. However, many organizations are a little weary of investing in PPM tools, due to security concerns. Let us take a look at common security risks in project portfolio management, and fixes that you can use to make sure your project portfolio is safe. Cloud Cloud technology has become a part of most work applications. With its enhanced productivity and flexibility also comes ...

Thinking Portfolio2017-07-04T11:31:48+03:0016.5.2016|

Key Issues for Agile Project Management

Agile projects are generally tough to manage if not handled well. There are many roadblocks that emerge which need patience, time, and imagination to tackle in agile project management What is agile project management? Agile project management is a flexible, incremental, and iterative method of managing project members in information technology, engineering, and other business areas. It usually involves self organizing and cross-functioning teams which include capable individuals who can also be decision makers. People ...

Thinking Portfolio2017-07-04T11:21:54+03:0024.4.2016|

When to Choose Agile or Waterfall Project Model

Not sure if a waterfall or an agile project model is a better fit for your project. Read on, as we tell you about the perks and the pitfalls of both models. Waterfall project model A waterfall project model was a norm back in the day, and is a traditional approach that is adapted in many projects even today. A waterfall project model progresses from conception to initiation, analysis, design, development, testing and deployment phases. The ...

Thinking Portfolio2017-07-04T11:22:42+03:0019.4.2016|

Five Weakness of Waterfall Project Methods

A waterfall project method is a common approach adopted by projects that are focused on quality of results. Given that the waterfall project model takes a phase-by-phase approach, it becomes easy to gauge progress. However, waterfall project models have their downsides as well; here are some of them. Co-dependency A waterfall project model has a sequential approach; this does not work well in all projects, and may work against the project in many cases. For ...

Thinking Portfolio2021-09-10T10:48:23+03:0011.4.2016|

Benefits of Big Data in Project Portfolio Management

Big data has helped business gain useful insights on customer preferences and thereby help them fine-tune their business model. For instance, the airline industry can use large pools of booking data to estimate the number of bookings that are going to be forfeited, and thereby accommodate other passengers on the waiting list. Another place where big data finds its use is in project portfolio management. Efficient project portfolio management Big data analytic tools utilize algorithms ...

Thinking Portfolio2017-07-04T11:23:26+03:005.4.2016|

5 Problems With Scrum You Need to Avoid

Software projects that see rapid changes or have pressing requirements can do well to adopt a scrum model. In a typical scrum framework, you have a team meeting (a planning session) wherein the goals are discussed, and followed by a review. Multiple iterations occur, which can last anywhere between a week to a month. But the system is not free of problems. Now, let's take a look at some issues you might face when working ...

Thinking Portfolio2017-07-04T11:24:29+03:0030.3.2016|

How to Implement Six Sigma in Project Management

Failure in project management is often due to weakness in business process implementation and decision making, as opposed to the efforts and executions themselves. Six Sigma is an effective business management principle that can help enhance process outputs by correcting flaws that hamper progress. Let's take a look at how the five important steps in Six Sigma can be implemented in project management. The five six sigma principles that we are looking at today are ...

Thinking Portfolio2017-07-04T11:24:39+03:0022.3.2016|