Our company was commissioned to take over a large portfolio including several regulatory projects ($50,000 to $250,000) and a flagship infrastructure overhaul project ($15,000,000). Also Thinktank Consulting was requested to provide its expertise and assistance in the rollout of the mew project management methodology and the establishment of the Project Management Office (PMO).
There were several problems associated with the above-mentioned goals. Firstly, the company culture and organizational structure (functional) provided the newly-hired project managers with a very complex environment. Furthermore the new PM methodology developed in the European headquarters needed fine-tuning for the local conditions.
Most of the bank's IT portfolio consisted of the regulatory projects mandated by the various North American, European and international governing bodies. One of the main aspects of such projects is that the scope and deadline is fixed by the government leaving little room to â€œmanipulateâ€ the project management triangle. In addition the number and the size of the IT portfolio has grown by approximately 50% compared to the previous year while the technical team has grown by only 10-20%. This factor has obviously increased the pressure on the management team with respect to project resource allocation.
Thinktank Consulting determined that the only way to deliver the regulatory project on time and with the limited resources was to concentrate on quality Requirements Engineering, Project Prioritization and Project Management. Special attention was dedicated to the involvement of our business counterparts in the requirements gathering and management processes.
Our company has also participated in the deployment and fine-tuning of the new project management methodology. The work, among other things, included enhancing the standard Requirements Document, adding several sections to the Project Plan and collaborative development of the Project Roadmap document.
We have also provided several training sessions in the areas of Negotiations, Estimation and Requirements Engineering.