DOCSLIB.ORG

Management System Helped YIT Harmonize Its Practices

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Management System Helped YIT Harmonize Its Practices Management System Helped YIT Harmonize its Practices Challenge Benefits . Merger of two large construction . YIT’s harmonized businesses follow companies common best-practices and . Diverse businesses and procedures checkpoints . How to support staff in their daily . Management system brings together work process descriptions of YIT’s core and support functions, as well as internal guideline documents YIT and Lemminkäisen Merger YIT and Lemminkäinen completed their merger early 2018. The combination created a financially strong company with urban YIT is the largest Finnish, and a development as the engine for growth and significant Northern European profitability. The merger of the two construction company headquartered in companies brought along some challenges, Helsinki. It operates in 11 countries. and the company wanted to avoid operational silos as well as support its Turnover: 3,689 bn EUR personnel in their daily activities. A common Employees: 10,000+ management system was developed, where Established: 1910 the best-practices of both companies were combined. www.yitgroup.com “The best thing that YIT and QPR co- operation has generated is that together we have been able to innovate how the management system QPR Helped YIT Create GRIP can best lead operations from the user point-of-view. The new YIT Group selected QPR Software to We have managed to create new twist develop the GRIP Management System in to a traditional management system co-operation with it. QPR EnterpriseArchitect through our joint efforts.” software was used to model the processes and interfaces in the management system. Hanne Perälä, YIT GRIP GRIP has been implemented with QPR Cloud Project’s Owner Service and imbedded in YIT’s SharePoint. Management System Advantages ”Customer oriented approach is very With the help of a common management important to YIT. The better we work system YIT Group management have been together, the better we are able to serve able to lead operations more efficiently. our customers. GRIP Management System Personnel at worksites and support functions helps us deliver our customer service know what tasks to do and in which order. promise,” Johanna Arola says and Instructions, applications and document continues: ”GRIP describes our corporate templates related to each task will easily be culture very well: we want to continuously found even in worker’s own language in find and develop new fluent and solution- 2020, when GRIP Management System is oriented ways of working.” established in all 11 countries where YIT operates. “GRIP Management System is Benefits for YIT continuously developed according to the feedback from users.” The development of GRIP plays a central role in YIT’s productivity program seeking significant savings. The productivity has improved, as the long experience of both Johanna Arola, companies has been refined to common Development Manager, operating models. Infrastructure Projects at YIT These models are led and developed with the help of GRIP. Agile Execution by Joint Suppliers A special development group continuously “The co-operation between QPR and develops GRIP Management System. In other suppliers has functioned very collaboration with QPR, some joint well. The teams work hard to find the suppliers take part in the developing work. best solutions for YIT.Tiina Every Talja, sprint The development is led according to SAFe resultsYIT in GRIPvalue kehitysprojektin creating features and framework in two-week sprints and series according to givenprojektipäällikkö time-table.” of five sprints. Feedback and requests from users are collected regularly. Tiina Talja, At times the group arranges special user- developer days to juggle ideas based on Project Manager, which the implementation of new GRIP YIT GRIP Project features is planned and scheduled. QPR Software Plc QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management and enterprise architecture solutions for Read more at digital transformation, strategy execution and business process improvement in over 50 countries. QPR software allows customers to www.qpr.com gain valuable insights for informed decisions that make a difference. Dare to improve. .
Load more

Recommended publications
  • YIT Management System GRIP / HP&AH&TT 2019
    YIT management system GRIP / HP&AH&TT 2019 YIT Company-Wide Management System for Project Business JOHANNA AROLA , DEVELOPMENT MANAGER, YIT SUOMI OY 2019 Creating better living environments We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, we create more functional, more attractive and more sustainable cities and environments. MERENKULKIJANRANTA, HELSINKI, FINLAND The history of YIT 1910–2019 1960 2018 1920 1930 1940 1950 1970 1980 1990 2000 2010 1910 1912 2019 1970 2013 LEMMINKÄINEN SALE OF NORDIC YIT GROWS YIT UNDERGOES A 1990 AND YIT MERGE PAVING AND 1920 to become the DEMERGER 1960 THE MODERN PROJECTS AROUND Stronger and MINERAL FINNISH BUSINESSMEN largest construction to form two separate YIT IS FORMED THE WORLD more AGGREGATES ESTABLISH YLEINEN 1950 company and IN THE 2000s, companies. YIT continues by Perusyhtymä, By 1994, the Group stable together BUSINESS 1910 INSINÖÖRITOIMISTO THE COMPANY construction YIT EXPANDS its construction operations, Yleinen 1980 operates in 11 Announced in LEMMINKÄINEN to continue the EXPANDS ITS exporter in Finland. operations to building while its building services 1930 Insinööritoimisto, HOUSING countries. Foreign July, estimated to IS ESTABLISHED operations. The CONSTRUCTION services in the Nordic are transferred to a newly Asfaltti Osakeyhtiö DEVELOPMENTS IN Pellonraivaus Oy CONSTRUCTION BEGINS business accounts take place company grows to OPERATIONS 1975 countries and Central formed publicly listed Lemminkäinen is PAVING and Insinööritoimisto Operations are more than half of January 1, 2020 become Finland’s and starts to export STRONG GROWTH Europe. Housing and company, Caverion.
    [Show full text]
  • Roadshow Presentation November 2018 Contents
    Roadshow presentation November 2018 Contents 1 Merger and integration 2 YIT in a nutshell 3 YIT’s strategy 2019-2021 4 Performance in Q3 5 Segment reviews 6 Financial position and key ratios 7 Outlook and guidance 8 Appendices SÄHKÖTTÄJÄNPUISTO PARL 2 Roadshow presentation, November 2018 HELSINKI, FINLAND 1 Merger and intergration 3 Roadshow presentation, November 2018 The merger of YIT and Lemminkäinen, February 1st 2018 Revenue: EUR 1,909 million Adjusted EBIT: EUR 122.3 million 2018 - MERGER Personnel: 5,427 YIT is the largest Finnish and significant SINCE YIT creates more attractive North European construction company. We Target to and sustainable urban develop and build apartments, business 1912 environments by building premises and entire areas. become housing, business premises, infrastructure and entire We are also specialised in demanding together the areas. infrastructure construction and paving. Together with our customers our leading urban Revenue: EUR 1,847 million 10,000 professionals are creating more Adjusted EBIT: EUR 46.6 million functional, more attractive and more developer in Personnel: 4,632 sustainable cities and environments. Northern SINCE An expert in complex infrastructure construction We work in 11 countries: Finland, Russia, 1910 ana building construction in Scandinavia, the Baltic States, the Czech Europe northern Europe and one of Republic, Slovakia and Poland. the largest paving companies in our market area. * Revenue, adjusted EBIT and personnel at the end of period in 2017. YIT’s figures according to POC
    [Show full text]
  • Annual Report 2014 Contents
    Annual Report 2014 Contents Highlighting green certification Group overview Throughout this Annual Report the relevant logos are used to indicate 2014 in brief 2 when projects are, or are in the process of being, certified to a green Comments by the President and CEO 4 certification scheme. Green certification provides voluntary third-party Mission, goals and strategy 6 validation of the environmental design and/or performance of build- Financial targets 8 ings and infrastructure. Skanska has expertise around a number of the Business model 10 schemes most relevant to its home markets. Today over 600 Skanska Risk management 12 employees are accredited by external agencies for their expertise in this area – expertise which is used to execute projects for clients and Sustainable development 16 for Skanska’s own development units. –Environmental agenda 17 –Social agenda 23 Employees 32 Share data 36 Business streams 40 Construction 42 Leadership in Energy BRE Environmental Civil Engineering – Nordics 46 and Environmental Assessment Method, Environmental Quality – Other European countries 50 Design, LEED BREEAM Assessment and Award Scheme, CEEQUAL – North America 54 Residential Development 58 – Nordics 62 – Central Europe 64 Commercial Property Development 66 Strong year for Skanska in London – Nordics 70 – Central Europe 72 – North America 74 Infrastructure Development 76 – Project portfolio 79 30 St Mary Axe Heron Tower (The Gherkin) Financial information Bevis Marks Dashwood Report of the Directors 85 House Corporate governance report 93 Consolidated income statement 103 Consolidated statement of comprehensive income 104 Consolidated statement of financial position 105 Consolidated statement of changes in equity 107 Consolidated cash flow statement 108 Parent Company income statement 110 London is a major construction market for Skanska, and in 2014 the company had Parent Company balance sheet 111 10 office projects in progress covering an overall area of 237,000 sq m with a total Parent Company statement of changes in equity 112 contract value of GBP 684 M.
    [Show full text]
  • Annual and Sustainability Report 2018
    Annual and Sustainability Report 2018 We build for a better society. B Skanska Annual and Sustainability Report 2018 Operations Skanska’s operations consist of Construction and Project Development, including Residential Development, Commercial Property Development and, until 2018, Infrastructure Development. Business units within these streams collaborate in various ways, creating operational and financial synergies that generate increased value. Residential Commercial Property Infrastructure Construction Development Development Development 1 Constructs and renovates build- Develops new residential projects, Develops customer-focused office Secures and manages the value ings, infrastructure and homes, including single and multi-family buildings, shopping centers and of Skanska’s existing public- along with facilities manage- housing, built by the Construction logistics properties built by the private partnership (PPP) assets. ment and other related services. business stream. Construction business stream. 1 As of January 1, 2019, Infrastructure Development is no longer a business stream and is reported in Central on a separate line. Well diversified, Percentage of total revenue in 2018 with a leading market position Skanska’s diversification across various business streams with operations in eleven countries and several market segments strengthens the Group’s 40% SwedenSweden competitive standing and ensures FinlandFinland Norway a balanced and diversified risk profile. USA 38% Denmark United Kingdom Poland Czech Republic SlovakiaSlovakia Hungary 22% Romania Green revenue in 2018 Green market value in 2018 Green financing in 2018 Percentage of total Construction revenue Percentage of Commercial Property Percentage of total central debt 3 that is that is Green and Deep green, as defined Development market value from Green Green, according to the Skanska Green by the Skanska Color Palette™ 2.
    [Show full text]
  • Terms and Conditions of the Notes Terms and Conditions
    PROPOSAL FOR AMENDED TERMS AND CONDITIONS 3 AUGUST 2017 TERMS AND CONDITIONS OF THE NOTES TERMS AND CONDITIONS FOR YIT CORPORATION EUR 100,000,000 SENIOR UNSECURED 7.375 % FIXED RATE NOTES DUE 2019 ISIN: FI4000100508 #11361575v6 No action is being taken that would or is intended to permit a public offering of the Notes or the possession, circulation or distribution of this document or any other material relating to the Issuer or the Notes in any jurisdiction, where action for that purpose is required. Persons into whose possession this document comes are required by the Issuer to inform themselves about, and to observe, any applicable restrictions. PROPOSAL FOR AMENDED TERMS AND CONDITIONS 3 AUGUST 2017 With effect from the Effective Date (as defined below), these amended and restated terms and conditions (the “Terms and Conditions”) replace and supersede in every respect the terms and conditions of the Lemminkäinen Corporation EUR 100.000.000 bond in force as of the Issue Date. DEFINITIONS AND CONSTRUCTION 1.1 Definitions In these terms and conditions (the “Terms and Conditions”): “Accounting Principles” means international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC on the application of international accounting standards (as in force on the First Issue Date). “Adjusted Nominal Amount” means the Total Nominal Amount less the Nominal Amount of all Notes owned by a Group Company or an Affiliate of the Issuer, irrespective of whether such Group Company or an Affiliate of the Issuer is directly registered as owner of such Notes. “Affiliate” means, in relation to any specified Person, another Person directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person.
    [Show full text]
  • Security Council Distr
    UNITED S NATIONS Security Council Distr. GENERAL S/AC.26/1999/2 18 March 1999 Original: ENGLISH UNITED NATIONS COMPENSATION COMMISSION GOVERNING COUNCIL REPORT AND RECOMMENDATIONS MADE BY THE PANEL OF COMMISSIONERS CONCERNING THE FIFTH INSTALMENT OF “E3" CLAIMS GE.99-60937 S/AC.26/1999/2 Page 2 CONTENTS Paragraphs Page Introduction .................... 1 - 3 8 I. PROCEDURAL HISTORY ............... 4 - 15 8 A. The nature and purpose of the proceedings .. 4 - 6 8 B. The procedural history of the claims in the fifth instalment .............. 7 - 14 9 C. The claimants ................ 15 11 II. LEGAL FRAMEWORK ................. 16 - 47 13 A. Applicable law ............... 16 - 17 13 B. Liability of Iraq .............. 18 - 19 13 C. The “arising prior to” clause ........ 20 - 22 14 D. Application of the “direct loss” requirement 23 - 32 15 E. Date of loss ................ 33 16 F. Currency exchange rate ........... 34 - 38 17 G. Interest .................. 37 - 38 17 H. Evacuation losses .............. 39 18 I. Consultants’ evaluation ........... 40 - 43 18 J. Evidentiary requirements .......... 44 - 47 19 III. THE CLAIM OF ŠIPAD OOUR EXPORT INZENJERING ... 48 - 99 21 A. Contract losses ............... 50 - 82 22 1. Facts and contentions ......... 50 - 52 (a) Project A ............. 53 - 54 (b) Project B ............. 55 - 56 (c) Project C ............. 57 - 59 2. Analysis and valuation ......... 60 (a) Project A ............. 61 - 67 (b) Project B ............. 68 - 70 (c) Project C ............. 71 - 75 (d) Loss of profits .......... 76 - 81 3. Recommendation for contract losses ... 82 B. Loss of tangible property .......... 83 - 88 27 1. Facts and contentions ......... 84 - 85 2. Analysis and valuation ......... 86 - 87 3. Recommendation for loss of tangible property ...............
    [Show full text]
  • Tripla Ensures Sustainable Growth and Expansion for Helsinki
    Tripla ensures sustainable growth and expansion for Helsinki OPEN BIM helps the development of this gigantic mixed use project in Helsinki, Main image place Finland. Project name: Tripla Location: Helsinki, Finland Type: Mixed use Year: 2013-2021 Size: 355,000 sqm | 3,821,188 square feet Cost: €1 billion | $1.3 billion Architects: Architects Soini & Horto, Brunow & Maunula Software used: Client: Solibri Model Checker, Tekla Structures AS&H: ARCHICAD, Solibri Model Checker, 3ds Max TRIPLA - copyright YIT Group Brunow & Maunula: Revit CASE STUDY PASILA TRIPLA - ARCHITECTS SOINI & HORTO LTD. Wide image space TRIPLA View from South West- Tripla will be a bold, three-block urban entity connecting East copyright YIT Group and West Pasila, which had been separated by an old railway yard. The overall design will comprise offices, a shopping mall and congress center, housing, a hotel, a multi-purpose arena and public transportation terminal. The development is committed to continuing the sustainable expansion of the Helsinki city center, while creating a new, diverse backdrop for Helsinki urban life. Tripla is the result of cooperation between international and Finnish planners and experts. The client is the construction company YIT. The client brief and architectural competition for the Pasila area of Helsinki focused on developing the present railway station and its immediate surroundings. The plan establishes the prerequisites for the next stage: the tower area designed by Gino Zucchi located south of the Tripla blocks and the residential blocks to the north. “The design of the new center, called Tripla, started in our office about six months prior to the invitation for the actual planning and implementation by developing the spatial programs and project contents,” said Kalle Soini, Architect.
    [Show full text]
  • Annual Review 2020 REPORT of the CONSOLIDATED PARENT COMPANY’S GOVERNANCE INVESTOR BOARD of DIRECTORS FINANCIAL STATEMENTS FINANCIAL STATEMENTS STATEMENTS RELATIONS
    Annual Review 2020 REPORT OF THE CONSOLIDATED PARENT COMPANY’S GOVERNANCE INVESTOR BOARD OF DIRECTORS FINANCIAL STATEMENTS FINANCIAL STATEMENTS STATEMENTS RELATIONS Contents Report of the Board of Directors and BOARD OF DIRECTORS’ PROPOSAL FOR Financial Statements THE DISTRIBUTION OF DISTRIBUTABLE EQUITY .....................125 YIT in brief ��������������������������������������������������������� 3 SUSTAINABILITY SIGNATURE OF THE REPORT OF THE BOARD OF PAGE 15 DIRECTORS AND FINANCIAL STATEMENTS .............................126 REPORT OF THE BOARD OF DIRECTORS ..................................4 AUDITOR’S REPORT ..................................................................127 Letter by the Chairman of the Board ������������������� 4 CONSOLIDATED FINANCIAL STATEMENTS .............................45 Governance statements Business model and value creation ��������������������� 6 Consolidated income statement, IFRS ��������������� 46 Strategy ������������������������������������������������������������ 6 Consolidated statement of CORPORATE GOVERNANCE STATEMENT ..............................133 Strategic targets ������������������������������������������������ 8 comprehensive income, IFRS ��������������������������� 46 Operating environment ��������������������������������������� 9 Consolidated statement REMUNERATION REPORT .....................................................143 of financial position, IFRS �������������������������������������� 47 Financial development �������������������������������������� 10 Consolidated cash flow
    [Show full text]
  • YIT GREEN FINANCE FRAMEWORK MARCH 2021 Table of Contents
    YIT GREEN FINANCE FRAMEWORK MARCH 2021 Table of contents Background 1 YIT Green Finance Framework 3 Use of Proceeds 4 Green Project Categories 5 Green and energy efficient buildings 5 Renewable energy 7 Clean Transportation and technologies 8 Pollution prevention and control and protection of ecosystem services 9 Climate change adaptation 10 Green Project Evaluation and Selection Process 11 Management of Proceeds 12 Reporting and Transparency 13 External Review 15 2 1. BACKGROUND YIT is the largest Finnish and a significant North 1.1.3 Business premises European urban developer and construction company. The Business premises segment consists of the YIT’s goal is to create more sustainable, functional construction and renovation of business premises and attractive cities and living environments. YIT such as commercial, industrial and public buildings. In develops and builds apartments, business premises this segment, YIT pursues both self-developed and entire areas. YIT also specialises in demanding projects and contracting. Geographically the infrastructure construction. YIT owns properties segment’s business is focused in Finland and other together with its partners, which supports the geographical markets are Estonia, Latvia, Lithuania, implementation of YIT’s significant development Poland and Slovakia. projects. YIT also provides its customers with services that increase the value of properties. YIT employs 1.1.4 Infrastructure approximately 7,400 professionals and operates The Infrastructure segment's operations include road through five business segments across 10 countries in and street construction and maintenance, bridge Northern Europee. building and repairing, railway construction, hydraulic 1.1.1 Housing Finland and CEE and foundation engineering, underground construction, excavation, other earthworks and public Housing Finland and CEE segment’s business utilities as well as wind power park development and comprises development and construction of contracting.
    [Show full text]
  • Year-End Report January-December 2020
    Year-end Report January-December 2020 Q4 Telia Company Year-end Report January–December 2020 Q4 strong cash flow generation Fourth quarter summary • Net sales grew 2.7 percent to SEK 23,464 million (22,838) and like for like4, net 19,765 sales declined 1.9 percent. Service revenues grew 4.0 percent to SEK 19,765 Service revenues million (19,007) and like for like4, service revenues declined 2.1 percent. Q4 2020 Adjusted EBITDA declined 5.5 percent to SEK 7,477 million (7,914) and like for (SEK million) like4, adjusted EBITDA declined 6.6 percent. • COVID-19 had an estimated negative impact of SEK 400 million and SEK 200 million on service revenues and adjusted EBITDA, respectively. • Operating income decreased to SEK -23,001 million (2,600) impacted by a capital loss from the disposal of Turkcell Holding of SEK -17,955 million, mainly related to reclassified accumulated foreign exchange losses which have no 7,477 effect on total equity. The quarter was also impacted by an impairment of SEK Adjusted -7,800 million related to goodwill in Finland. EBITDA • Operational free cash flow increased to SEK 2,856 million (977) and cash flow Q4 2020 (SEK million) from operating activities increased to SEK 7,955 million (5,566), both mainly driven by changes in working capital. • An agreement was signed to divest the Telia Carrier business for a value of SEK 9,450 million on a cash and debt free basis. • For 2020, the Board of Directors proposes to the Annual General Meeting an ordinary dividend of SEK 2.00 per share (2.45).
    [Show full text]
  • Roadshow Presentation March 2021 15 MINUTES’ More Life in Sustainable Cities CITY
    TRIPLA, HELSINKI, FINLAND Roadshow presentation March 2021 15 MINUTES’ More life in sustainable cities CITY 2 Roadshow presentation March 2021 TRIPLA, HELSINKI, FINLAND Table of contents 1. Strategy 2. 2020 results 3. Outlook and guidance 3 Roadshow presentation March 2021 KONEPAJA AREA, HELSINKI, FINLAND 1. Strategy Strategy excecution towards sustainable urban development continues 4 Roadshow presentation March 2021 Megatrends driving growth and productivity URBANISATION DIGITALISATION SUSTAINABILITY CHANGING DEMOGRAPHY • Urban development • Customer experience • Circular economy • Lack of people • Public transportation • Higher productivity • Carbon neutrality • Competition for talent • Complex projects • Utilisation of data • Subsidies and green • Aging people • Remote working • Platform economy & financing • Health and safety corporate-start-up • Re-vitalisation of urban cooperation areas 5 Roadshow presentation March 2021 More life in sustainable cities A Improve offering and Strengthen pipeline for lifetime value of assets B growth • Differentiating services in SERVICES • Plot reserve in urban areas co-operation with partners • Partnerships and financing SustainableX • Competitive core products urban • Project development development capability Grow assets under Focus on projects and ownership businesses based on our • Partnerships and strengths co-investments • Self-developed and • Large urban development projects competence-based projects • Housing portfolio • Performance and quality 6 Roadshow presentation March 2021 Examples
    [Show full text]
  • Interim Report January-June 2020
    Interim Report January-June 2020 Telia Company Interim Report January–June 2020 • Net sales rose 2.7 percent to SEK 21,770 million (21,190) and like for like4, net Service revenues sales fell 5.9 percent. Q2 2020 • Service revenues grew 4.7 percent to SEK 19,129 million (18,274) and like for (SEK million) like4, service revenues declined 5.6 percent. • Adjusted EBITDA increased 3.6 percent to SEK 7,737 million (7,465) and the adjusted EBITDA margin increased to 35.5 percent (35.2). Like for like4, adjusted EBITDA remained unchanged. • Operational free cash flow fell to SEK 2,202 million (2,443) and cash flow from operating activities fell to SEK 6,267 million (7,162). • COVID-19 had an estimated SEK 1.0 billion impact on service revenues, driven Adjusted by lower roaming, pay-TV and advertising revenues. The estimated impact on EBITDA adjusted EBITDA amounts to SEK 0.5 billion. Q2 2020 (SEK million) • Excluding the TV and Media unit, the traditional telco operation grew adjusted EBITDA by 1.8 percent like for like4 and excluding the COVID-19 impact by 5 percent like for like4. • The outlook for operational free cash flow 2020 is reiterated. Adjusted EBITDA generation in constant currency for the second half of 2020 is expected to be similar to the first half of 2020 (new outlook). • An agreement was signed to divest the ownership in Turkcell Holding. This Operational impacted operating income and net income negatively by SEK -3,488 million. free cash flow YTD 2020 (SEK million) • Net sales rose 5.2 percent to SEK 44,197 million (42,026) and like for like4, net sales fell 4.0 percent.
    [Show full text]