The Challenge
The bank, as a major financial organisation, was required to meet the Advanced requirements of the Basel II Accord. This major compliance initiative had an enterprise wide strategic impact on the bank's credit risk based policies, procedures and ongoing business operations. The challenge was compounded by an aggressive timetable to meet the application deadline for the Accreditation and the general difficulty in marshalling appropriate subject matter expertise for the program.
|
How EQuest Consulting Met the Challenge
EQuest Consulting worked with the bank's management to introduce changes to the program's project management processes. This included:
- Evolving the PMO to provide more operational project management support to the various streams.
- Identifying and implementing existing tools to support the project reporting processes.
- Augmenting the subject matter stream leaders with experienced project managers
- Allocating a senior EQuest Consulting staff member to become a “roving” consultant and advisor to the program's management.
A result was that EQuest Consulting became a strategic business partner to the bank in this initiative.
|
|
dd |
The Benefits
|
The provision of consistent and standardised project and program reporting.
|
|
Increased project management capability and maturity on the program.
|
|
Increased confidence from the business on the program's ability to deliver effectively.
|
|
Increased pro-activity in addressing risks and issues.
|
|
|
