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Clear Thinking | Clear Language | Clear Results ™
Finance system selection, implementation and ad hoc projects are managed under PRINCE II, including management of operational risk. Fast paced projects require a higher degree of control over scope, deliverables, resources, costs and time if they are to succeed.
To reach this level of control we use a web based approach where all artefacts are visible and the current status of deliverables, risks and issues is transparent to all project members. Moreover this drives effective management and collaboration.
- collaborative project management
- operational risk minimised
- improved decision making and control
- strong control processes prevent failure
- single project documentation library
- automated project workflow
- automated document review and approval
PRINCE II :
Its framework is based on controlling scope, risk, cost, time, quality and benefits within each project stage : start up, initiation, stage control, product delivery management, stage boundary management and project closure. It allows us to manage each stage of a project with complete flexibility while working within the framework.
To you it means :
projects create change and that changes the risk profile of your business. Operational risk covers the finance systems, processes and people used within the business and measures the risk associated with each of these elements.
Minimising operational risk begins with planning, follows into business requirements,
design, implementation, testing and evaluation -
Risk assessments are built into the gating process such that Sponsors and Stakeholders are fully aware not only of gating progress and requirements for the next stage, but also of the risk involved with that stage, how the risk profile is affected and how it’s contained within your risk appetite.
Project risks and issues are assessed in terms of operational risk and controlled at a granular level while that risk or issue exists.
Risk assessment in testing provides the first opportunity to consider whether foreseen changes in the risk profile will occur in practice. It is also an invaluable opportunity to correct excessive or unexpected risk before the solution moves into production.
Risk management implies positive opportunities as well as negative threats, but these are rarely independent so while threats are mitigated, opportunities are turned into financial benefits.
A final assessment forms part of the post implementation review and the remediation process, if necessary, before the project is finally signed off.
• emphasises the business justification for a project
• defines the project team organisation structure
• uses a product based planning approach
• puts emphasis on dividing projects into manageable stages
• applies flexibility to projects at any level
• is compatible with PMP
• confidence in project delivery to cost, time, quality and benefits
• reduced waste and increased productivity within the project team
• higher levels of customer satisfaction
