EPMO for a leading Saudi Bank to support their 2022 Transformation aspirations

The Bank engaged us to improve their EPMO and related disciplines. Bringing in experts was viewed as the key factor in accelerating the adoption of the EPMO in the minimum amount of time. We established a strong partnership with the new Chief Transformation Officer, and agreed to:

– Develop a roadmap for EPMO formation, and coach and mentor the EPMO team to drive ongoing results, as well ascreate a charter and executive steering committee to guide the EPMO

– Conduct stakeholder interviews and process mappingto identify gaps and develop a roadmap to drive subsequent capability improvement

– Initiate capability improvement efforts based on the roadmap

We worked hands-on to help accomplish the Bank’s 2022 transformation goals. Project management and portfolio management methodologies and management frameworks were developed workshopped with stakeholders.

Training, consulting and mentoring while delivering the project was the key to a holistic approach of driving culture change, in which the communication style, deliverables, and process synched to the Bank’s most pressing strategic objectives.Using this approach, together with the client we were able to:

– De-scoped several major projects using the new project management methodology, allowing the company to spell out immediate possible achievements

– Guide the enterprise-wide development of a project management culture, a significant organisational change

– Form stronger partnership with business leaders and transparency of Bank-wide Change Inventory and Status

– Prioritise project selection and timing including the declination of projects that did not meet strategic objectives

– 40% improvement in closing projects during first 6 months of EPMO

Combining agility in responding to operational needs with a right-sized methodology and an EPMO that hit the ground running, the bank faces the future with the structure and tools it needs to engage employees, execute strategic projects, and support continuous improvement.