Case Study

Improve the IT Portfolio Performance and 100% increase in project throughput

Industry: Financial Service Provider
Focus: PMO Implementation and Managed Services

The Opportunity:
The IT function of a growing financial services firm with over 800 branches across the country required ways to improve the IT project performance. The challenge was to implement a PM methodology to improve the business alignment of the IT projects as well as improve the project through put i.e. numbers of projects completed by the IT managers.
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Testimonials

Pramod Krishnamurthy, EVP – IT, Fullerton India:

The Project Management Office that i2m helped set up for us has enabled us to track our large portfolio of projects, measure key metrics, attribute reasons for delays, analyze resource loading, and align our project portfolio better to business direction. More

Boost project throughput with Project Portfolio Management (PPM)

With projects still running late and teams getting overloaded, your organization risks wasting valuable resources while imperiling critical initiatives. It’s not project management that is to blame; the fault lies deeper within the system.

Project failure in most cases is attributable to a lack of visibility of project performance and it’s this same lack that skews project outcomes and diminishes throughput for your investments over time.

Improve project execution capability

Improving project execution capability doesn’t just mean “doing things right”; it should also lead to exploring the organization’s Project Portfolio to find out if it is “doing the right things.” Project Portfolio Management is the science behind doing the right thing, selecting the right mix of projects, and adjusting the project mix based on the operational reality and resource capacity as time evolves and circumstances unfold.

How PPM maximizes business benefits

i2m uses Portfolio Management processes to first create a condor’s view of all project work happening in the organization and then aligns them to the organization’s goals and objectives. We start with gaining a keen understanding of your business strategy and objectives. We then proceed to formulate portfolio domains that help you map and classify projects while developing a robust, yet flexible prioritization criteria. This leads to the establishment of a governing process that is relevant and can be shared throughout your enterprise.

By working with us, your organization can gain visible advantage with their project investments and assure alignment to execution realities. This will enable you to carefully formulate project priorities and allocate resources as objectively as possible. In our experience, PPM can provide powerful insights while managing multiple projects of varying complexities, sizes and duration.

We help businesses use effective Portfolio Management to

Acquire project and resource visibility that captures critical dependencies for resources
Gain alignment by communicating common objectives across the organizations in a consistent manner
Maximize the value of resources (knowledge, people and money)
Align strategic investments and their related program and projects to organization goals
Boost time-to-market and implementation throughput for products and services

Make Portfolio Management work for you

i2m has developed a proven set of methodologies and enabling toolkits using simple MS-Excel tools which perform the critical function of portfolio analysis and reporting. These tools can be easily integrated into most project environments and are customized to meet unique challenges for each organization. Apart for this i2m offers Managed Support Services to run the portfolio management process as per defined SLAs.

Click on the images below to see sample screen shots of Portfolio Management in action.

1. Program and Project Trackers: This tool helps simplifies the project allocation to managers and Updation mechanisms. It integrates into the portfolio trackers for analysis.

2. Portfolio Tracker. This tool helps in classifying, prioritizing and categorizing all the program and projects. It collates the program and project information for the managers and performs analysis along with generating reports and dashboard views of performance.

Evaluation of the right portfolio management solution begins with an assessment of your requirements.Click here to contact us for an assessment.