Implementing a Program Office to Manage Multiple Work Streams


Business Challenge

A global investment bank was proceeding with a multi-stream transformational effort intended to reduce operating costs, address operating risk, manage new deal workflows, and expand support for new products. Due to the scope of the work, the bank experienced difficulties managing the efforts and communicating status to the executive team. Kohesiv was engaged to implement a framework to actively manage, coordinate, and monitor the multiple efforts.

Solution

Kohesiv developed a consistent and integrated management system to provide a control mechanism for senior management which included Executive Management Dashboards, productivity measures, earned vs. burned rates, milestones, and budget variance.

Results

The program office resulted in greater transparency, allowed for early identification of issues and aligned inter-project dependencies. As a result, management was able to better maintain project schedules, and allocate resources.

Contact Information

To learn more, please contact us at info@kohesiv.com.