We help the senior executives of financial institutions turnaround strategic projects that are at risk and that you can't afford to fail
Perhaps the following issues are familiar to you?
You are frustrated because you need to
turnaround your project by yesterday, but nothing’s going your way.
You are finding it a struggle to get back on
track as deadlines slip and your resource shortage becomes ever more
critical.
You are being consumed with firefighting
political issues, preventing you from resolving other critical
issues.
Support for your project is shifting away from
key stakeholders within your organisation and now your project's
viability is being called into question.
Are you wondering if the only thing that will save your project now is a miracle?
Delivering strategic IT projects
successfully doesn’t have to be fancy or complicated.
Nor does it have to be a struggle.
Actually, in most cases, the simplest and most obvious approach is
the one most frequently overlooked. But it’s the only one that
really works! Of course, the simplest approach is only simple when
you know the right questions to ask and you know what to do with the
answers. And, the path is a lot more enjoyable when you can see
progress right away. Sounds impossible? It’s not.
Research proves that the strategic projects are most at risk from issues that can be readily resolved. Such issues include inadequate resourcing, scope management and the appropriateness of project execution disciplines (see 'Turning Great Strategy into Great Performance' by M. Mankins & R. Steele, Harvard Business Review, July 2005).
Delivering strategic projects is a difficult, high-risk endeavour. Everyone knows that the capability to translate 'strategy' into 'execution' is critical to business performance, but that doesn’t make it easy. Far from it. The failure rate on strategic projects can run as high as 60-80% (see the Working Council for CFOs at www.executiveboard.com).
In the midst of continuous fire fighting what
should be obvious is often hidden from your view. Typically, the
solutions are already under your nose; you just don’t know it. But
if you can’t see the root causes of the critical issues that are
holding you back and a way to resolve them quickly, then your
situation can get ever more difficult by the day.
To turnaround your strategic project
successfully means you need to focus on the 'vital few' critical
interventions that will make a difference to your situation.
Having the necessary IT and business expertise enables us to get to
the bottom of critical issues for you and then help you get what
needs to be done resolved quickly. To deliver the successful outcome
you need, we apply a proven three-step process:
STEP 1. We start with a thorough diagnosis of your situation to gain a proper understanding of critical issues and their root causes, comprehend project sponsor and other key stakeholder perspectives, clarify the critical objectives and key benefits you are setting out to achieve, assess the state of your project delivery and governance processes, set out key dependencies and constraints, determine your current risk management status, analyse your resourcing position and comprehend the milestones, deliverables and critical path for delivery.
STEP 2. We then determine the 'vital few' critical interventions required to get your strategic project back on track most effectively. We are firm advocates of the '80/20 principle'. There is never enough time to do any thing and every thing that is needed in theory. We use the expertise of our most capable individuals (with typically at least 20+ years of experience) to identify the most pragmatic and effective actions that need to be taken.
STEP 3. Finally, we help your team execute the critical steps of the turnaround plan. The critical success factor between success and failure in turning around your strategic project is converting your plan into tangible completed actions on the ground. We help your team close any crucial gaps and mitigate your most critical risks. We put in place robust 'best practice' project execution disciplines and governance processes. And whenever it's needed, we roll our sleeves up to help your team deliver what really matters most to delivering a successful project that maximises your return-on-investment future headaches.
STEP 1. We start with a thorough diagnosis of your situation to gain a proper understanding of critical issues and their root causes, comprehend project sponsor and other key stakeholder perspectives, clarify the critical objectives and key benefits you are setting out to achieve, assess the state of your project delivery and governance processes, set out key dependencies and constraints, determine your current risk management status, analyse your resourcing position and comprehend the milestones, deliverables and critical path for delivery.
STEP 2. We then determine the 'vital few' critical interventions required to get your strategic project back on track most effectively. We are firm advocates of the '80/20 principle'. There is never enough time to do any thing and every thing that is needed in theory. We use the expertise of our most capable individuals (with typically at least 20+ years of experience) to identify the most pragmatic and effective actions that need to be taken.
STEP 3. Finally, we help your team execute the critical steps of the turnaround plan. The critical success factor between success and failure in turning around your strategic project is converting your plan into tangible completed actions on the ground. We help your team close any crucial gaps and mitigate your most critical risks. We put in place robust 'best practice' project execution disciplines and governance processes. And whenever it's needed, we roll our sleeves up to help your team deliver what really matters most to delivering a successful project that maximises your return-on-investment future headaches.
We specialise in working with the senior executives of leading financial institutions
who need to overcome difficult situations.
We've worked closely with leaders of
some of the world's most successful financial institutions including AXA, Barclays, Capital One, Citicorp and Nationwide
Building Society.
Our focus has been on helping them deliver critical business and technology projects. We've helped clients deliver strategic projects that:
Our focus has been on helping them deliver critical business and technology projects. We've helped clients deliver strategic projects that:
- Reduced IT shared services costs by 25%.
- Improved productivity and service quality from 'offshore' operations dramatically.
- Reduced operating costs in Call Centre operations by 15-25%.
- Accelerated critical infrastructure implementations required to be in place for major business initiatives.
- Implemented large-scale IT programmes to replace the core systems infrastructure supporting millions of customers.
You can learn more on how we've helped clients succeed by reading our case studies by CLICKING HERE.
We've helped leading business leaders achieve remarkable results. Perhaps the best way to judge the contribution that we can make to your success is to hear directly from our clients describing how we've helped them be successful.
Our turnaround contributions include:
- Helping deliver critical IT and business projects that enabled Andy Homer to turning around AXA UK from losses of over £100 million to profitability.
- Implementing strategic projects to reduce operating costs significantly and improve customer service that helped Philip Rowley transform AOL Europe from losses of over $600 million into profitability.
-
Helping Joe Ripp improve
business operations in his US and European businesses and his
offshore operations in India that made a vital business
contribution to the performance improvements that merited the
increase of Dendrite International's share price from $8 to
$16 within a year.
You can hear and learn from these senior executives as they personally discuss the situation, key issues and challenges they faced and the success they enjoyed by CLICKING HERE.
We have a simple promise to make to
you, “we’ll ensure your strategic project is delivered
successfully." If you are interested in learning more about how
our ability to engineer breakthrough results on turning around
strategic projects can apply to you and your situation then please
contact us at Tel: +44 (0) 20 7749 2225 or see just email us at
info @ cityprojectmanagement.com.
Our initial meetings and consultations are on a FREE, CONFIDENTIAL and NO OBLIGATION basis.
You might well be wondering whether we can help you with your particular situation. The following section, IS THIS YOU?, might help you to determine that we possibly can.