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Wärtsilä: A global leader in a changing world
PMI Finland Chapter ConferenceMay 10th, 2017Jaakko Eskola, President & CEO Wärtsilä Corporation
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THIS IS WÄRTSILÄ
A global leader in advancedtechnologies and completelifecycle solutions for themarine and energy markets
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Our vision, mission and values
THIS IS WÄRTSILÄ
VISIONWe will be our customers’ most valued business partner. Energy
Excellence
Excitement
MISSIONWe shape the marine and energy
markets with advanced techno-
logies and focus on lifecycle
performance, to enhance our
customers’ business and benefit the environment.
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Our business areas
THIS IS WÄRTSILÄ
ENERGY SOLUTIONS
MARINE SOLUTIONS
SERVICES
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What we bring to the market
THIS IS WÄRTSILÄ
EFFICIENCY ENVIRONMENTAL SOLUTIONS FUEL FLEXIBILITY
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MARINE SOLUTIONS THE MOST COMPLETE MARINE OFFERING ON EARTH
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Offering
ENERGY SOLUTIONS
• Flexible baseload power plants
• Capacity for grid stability, peaking and load-following
generation, and back-up power for integrating wind
and solar energy
• Utility-scale solar PV power plants and solar-engine hybrid solutions
• Multi-fuel solutions enabling use of any gas or
liquid fuels
• LNG terminals and distribution systems
• Project development and EPC capability
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A broad range of expertise and services
SERVICES
LIFECYCLE SOLUTIONS INCL.WÄRTSILÄ GENIUS SERVICES
SERVICE PROJECTS
TRAINING SERVICES
ENGINE SERVICES
PROPULSIONSERVICES
SEALS & BEARINGSSERVICES
HYDRO & INDUSTRIAL SERVICES
TURBOCHARGER SERVICES
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SERVICE PROJECTS FOCUS AREAS
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WÄRTSILÄ PROJECTS TODAY
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SERVICES
ENERGY SOLUTIONS
MARINE SOLUTIONS
Customer Delivery Projects (CD)
Product and Solution Development Projects (PSD)
Operational Development Projects (OD)
KEY FIGURES : > Projects >50% of Wärtsilä business
> 3,000 projects under execution
> 2,000 people involved in project management
> 1,800 PMIS / PM Tool users
> 350 certified project management
professionals
= Net Sales
3 Billion EUR/year
= 160+ MEUR/yr = 40 MEUR /year
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WÄRTSILÄ PROJECT DEFINITION
Projects shall be managed according to the Wärtsilä Project Procedures.
Also tasks/other work can be run as projects if so decided in the respective organisation.
This principle applies across all businesses, each business if needed defines in further detail.
Project is NOT
✓ routine operations
✓ standard equipment delivery
✓ a task
Project has always
✓defined beginning and end points
✓specific goals
✓a unique end-product
Project is a temporary set of activities undertaken to create a unique product, service, or result
© Wärtsilä March 2017 DBAC506310 PM Forum / Wärtsilä Project Definition12.5.201712
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Global PM Competence Area L&D solutions (Portfolio)Selected, formal learning opportunities
Project Management
Fundamentals
Project Management process, methodology and tools
•Site Management training• Managing Customer
Relationships during Project Lifecycle
• Stakeholder Relationship Skills for Project Managers
ProgramManagement
Program Management Professional
(PgMP)
External Certification Program
Project
Portfolio
Management
Project Management Professional(PMP)
External Certification Program
PM@WärtsiläInternal Certification Program
Technical/Administrative
Executive
Bus/Tech Leadership
Team/Tech
Leadership
Professional Expertise
Leading by Projects
Please note: Business Specific PM trainings and PM Tools
specific are not included in this overview
Link to Compass for more info.
Being proactive and taking responsibility- Everyone creates his/her own Project
Management career, roadmap and future.
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Digitalisation and Disruption
• Digitalisation affecting all industries with more focus on software development
• New competences needed: ’Agile development’, Lean Service Creation, etc etc
• But most of all a culture change
• Increasign the velocity in the Wärtsilä
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To transform Wärtsilä into an “as-a-Service” company for the Marine and Energy sectors
The strategy is based on 5 “digital promises” aimed at helping the organisation understand, unite and drive our digital transformation. It is a strategy designed to drive digital competence pervasively across the business rather than create a separate digital silo:
Easy to Do Business With – Agile, Seamless integrations, Partnerships, Transparent data, Customer Value focused
One Wärtsilä – Digital culture, new ways of working, different organisational models, true to our competencies but different in how they are used
Digitize the Core – Increased efficiency & productivity, enable the growth and shift from “Hardware to Software”, leverage Operational Excellence
Digital First - Drive new business models, new digital revenues. Data and Analytics led, Design thinking enabled & a new approach to “venturing”
Quality and Security – New approach to all software development, product design and solutions. Cyber Security becomes a new competence
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OUR GROUP AND DIGITAL STRATEGY
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IGNITE YOUR DIGITAL HEART
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GROWING THROUGH M&A
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WHAT CHANGE DOES THE DIGITAL TRANSFORMATION DELIVER?
Silo’d organisation
Disparate platforms
HW Engineering
Digital Initiatives
Inconsistent UX
Slow, Reactive,
Expensive
Finnish Centric
Customer Focused
Engines first
Transactional
TODAY
Collaborative
Ecosystem
SW Engineering
Product Portfolio
Consistent UX
Fast, Agile, Valued
Global/Local
Customer Centric
Digital first
Value/Lifecycle
TRANSFORMED
Culture change, Ways of Working, Shared KPIs
Re-engineering core platforms, Digital Architecture
Product Development, Design Thinking, Innovation
Dev Ops, SW Dev Lifecycle, Governance, Strategy
Design Thinking, UX/HMI Capabilities, Governance
Capabilities, Ways of Working, Shared KPIs, Technology
Digital Hubs, Customer Proximity, Local empowerment
CRM, Analytics, Design Thinking, Customer Proximity
Examples of Key Digital Enablers
Strategy, Digital Architecture, New business models
Organisation, Digital KPIs, Strategy, Commercial Models
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What do I expect as CEO
• Increase our velocity – “Change the Clockspeed of Wartsila”
• Development and Project management: fail fast, learn and optimise
• Creating a culture of Service Design - from the customer need back
• Think about the user experience, ease of use right at the start of a project
• Cyber security as an integral part of everything we offer
• An open, agile and empowered culture - Wartsila as the company of choice for talent.
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THANK YOU!
@jaakko_eskola
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