TRIPLE CRISIS AVERTED—PORTFOLIO MANAGEMENT APPLICATION
BACK ON COURSE.
Delays and budget creep afflict many development projects. The private banking division of a top-three Wall Street investment bank outsourced a $12 million program to develop software for portfolio management, trade order entry, and account management. Not just one but three parallel development projects hit snags and were delayed, resulting in completion cost projections running to double the original estimates.
THE SYNAPTIC SHIFT
Capto reprioritized design first, then sequenced and rescheduled delivery priorities of functionality so the most important business functions were available when required. Capto’s intervention resulted in repartitioning the work plan and reorganizing the project team to optimize speed. Capto also established a new governance process to ensure involvement of sponsors and stakeholders in decisions that affected delivery dates, staffing, prioritization, and other project outcomes.
- Project delays, staffing, and cost overruns were cut in half, saving the client over $6 million
- Critical components of the system were delivered on time