1. Here are some of the Engagement Successes Paul was involved in while at PM Sight:
Objectives:
In 2003, the Nedbank
Group’s profits slumped and
a turnaroundstrategywas
initiated. As part of a three-
year recoveryplan, the
financial institution’s
Strategic Recoveryand
TurnaroundOffice (SRTO)
adoptedProSight, a portfolio
management solution.
The aim was to better
integrate, prioritise andalign
the financial institution’s
strategies, associated
projects and management
actions.
“We wanted a solution we
could configure totally to our
requirements;that would
enable reporting to all levels
– from business
management to divisional
reporting, board reporting
and reporting to major
shareholders -- and that
could be rapidly
implemented. ProSight,
despite the steep learning
curve it presented, offered
these benefits. We had the
solution up and running by
March 2004, within two
months of receiving the
software.”
Across the Group’s 13
divisions, the SRTO team
identified140 essential
strategic management
actions, which varied from
recovering the performance
of products to complex
measures suchas meeting
Black Economic
Empowerment (BEE)
requirements. With the
strategies identified, the
projects neededto reach
these goals hadto be
established. Approximately
four hundredsuchprojects,
directed by350 different
project managers and
affecting the Group’s 23 000
staff were prioritisedand
confirmed.
Outcomes:
The solutionhas assistedthe groupin
the achievement of the 81.7% jumpin
profits to R3.167-billionjust reported
for 2005.
2. Objectives: - To establish:
A process/frameworkto
alignprojects to strategy
thus facilitatingproject
selection
A process/frameworkto
optimise resource utilisation
A process/frameworkthat
will provide the right mix and
balance of projects andthat
will allow for scenario
planning
A process/frameworkthat
will enable analysisof the
value of the portfolioof
projects
A single, reliable, visible
systemof record for all
project portfolio
management information.
Outcomes:
Recommendation to mature
DBCM project portfolio
management performance to a
Level 2 maturity and lay the
groundwork for movement to Level
3 maturity (over the next 24
months).
A detailed Improvement Plan with
a timeline of 0 to 24 months was
submitted and accepted.
Recommended improvement
initiatives targeted to provide solid
auditable performance analysis, to
provide data to support portfolio
decisions and to ensure a visible
improvement within thetwo year
period.
Recommended an Implementation
Plan along with the deployment of
the portfolio management
tool enabling DBCM to be well on
the path to achieving a maturity of
Level 2 as short term goal (6
months).
Phase 2 to Implement the above was
completed in December2006
Objectives: - To establish:
A process/frameworkto
alignprojects to strategy
thus facilitatingproject
selection
A process/frameworkto
optimise resource utilisation
A process/frameworkthat
will provide the right mix and
balance of projects andthat
will allow for scenario
planning
A process/frameworkthat
will enable analysisof the
value of the portfolioof
projects
A single, reliable, visible
systemof record for all
project portfolio
management information.
Outcomes:
Project was completed in July 2006
Objectives: - To establish:
An EPMO – SkorpionZinc
was lookingfor a strategic
partner to outsource their
Enterprise Project
Management Office
A process/frameworkto
alignprojects to strategy
thus facilitatingproject
selection
Outcomes:
Project successfullycompletedin
December 2006
Programme Office Controlling and
Governance still ongoing
3. Objectives: - To establish:
A process/frameworkto
alignprojects to strategy
thus facilitatingproject
selection
A process/frameworkto
optimise resource utilisation
A process/frameworkthat
will provide the right mix and
balance of projects andthat
will allow for scenario
planning
A process/frameworkthat
will enable analysisof the
value of the portfolioof
projects
A single, reliable, visible
systemof record for all
project portfolio
management information.
Outcomes:
Project successfullycompleted in
January2008