case study: Project Prioritisation

BACKGROUND	Our client a major Australian financial services organisation had a high number of projects, limited understanding of business unit value or project rationale. Approx 50% of the resource effort was focused on supporting these projects. There was no mechanism for managing projects and associated costs.
OUR ROLE	Our disciplines for prioritising and rationalising projects was used; this focused on measuring the alignment of projects to business / technology strategies and project complexity. This approach provided a portfolio view of IT investments which ensured effective capital allocation. We provided a sustainable operational environment where year on year performance improvement and business delivery could be measured.
RESULT	The project prioritisation program generated significant benefits including: Cost saving opportunity of $5.5 – $15.5M Optimised prioritisation process through improved governance improved transparency of portfolio performance via regular reporting and reviews Identified Project Management capability improvements