Bank Project Management

Bank Project Management Consulting From Fractal Systems

REACT & RESPOND

How To Manage Bank Projects?

Agile transformation ensures businesses can react and respond to change quickly and effectively.

Agile techniques are an effective way for banks to manage projects in today’s business environment. An Agile bank can quickly redirect people and resources to deliver higher-value projects.

Agility has benefits for companies in all industries. Banks, however, operate in an environment where it can be especially relevant – including having numerous digital transformation projects and complex and changing regulatory requirements. Learn more about agile scrum and how it can benefit you.

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Agile Project Management

Through close partnership, we work with your business to build independent working capabilities, without impacting on delivery.

Agile offers a new approach to project management and product development. It reflects the changes seen in organizations over the past decades, with a more flexible way to deliver better results. Companies are no longer fixed and static entities – and projects should not be approached this way.

Scrum is the leading framework in use to implement Agile techniques in companies. It introduces an iterative methodology for teams to use, with a focus on producing results each time and increasing value delivered. There is also a major focus on strong team and stakeholder communication.

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Avoiding the J Curve

As markets rapidly evolve, accelerated productivity is crucial to delivering value to your clients. While traditional disruptive change leads to an instant drop in output, our approach prevents any decrease in productivity from the very start. We embed sustainable skills in order to build momentum within your teams and remove the risk of a loss in pace.

Agile For Bank Project Management

Agile and Scrum are often associated with software development. They have advantages in developing products faster and more in line with requirements, but they are just as beneficial in other industries for any large or complex project.

Project management in banks is a key area that can benefit. Of course, this may include IT projects, but also any large transformation projects, or those in specific areas such as client service, wealth management, finance projects, purchasing, or reporting and compliance.

Banks are constantly engaged in a competitive battle to deliver better solutions for customers and keep these up to date. Agility can offer fast results and continuous feedback to improve project results.

Compliance and regulation is another key area for banks. Compliance burdens increase as laws and requirements change and as the bank grows and shifts. An Agile and Scrum-based approach is much more effective here. It can also allow teams to start projects before the final regulatory requirements are known – a common situation in finance.

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Create Lasting Change

Agile succeeds when a mindset shift is embraced at every level of an organisation. Introducing agile from the ground up builds transparent organisational learning capabilities, that establish working practices & principles for sustainable delivery. Our incremental approach ensures your agile transformation is embedded within every person, process & structure, so productivity never stalls & change will last.

Collaborate Relentlessly

Agile organisations are constantly searching for ways to improve. Partnering with our dedicated team of practitioners gives your organisation access to years of experience in both living and applying agile principles, in both teams and organisations. Offering strategic expertise tailored to your business’s goals teaches your team to learn new frameworks alongside consistently delivering value.

Build Independence

Agile transformation is deemed successful once an organisation can successfully apply agile principles without the need for external support. We ensure independence is embedded from day one, so you can go it alone consistently and confidently. Keeping this end goal in mind allows us to help you build sustainable skills,  so your organisation can thrive through future market changes, while still delivering real value.

ASSISTING INSTITUTIONS

Benefits for Banks

What results can be achieved by implementing Agile techniques? The more Agile is embedded into different areas of bank project management, the greater the results will be. Enterprise-wide Agile transformation is of course a great aim – but in reality, few large banks will implement to this scale.

A report by consultancy McKinsey sums up the benefits of Agile in banking well. Based on industry research, it gives estimates of the outcomes of an Agile transformation, including:

  • 10% to 30% improvement in customer satisfaction. This is especially relevant with banks and the digital transformation underway to serve customers better.
  • 20% to 30% improvement in employee engagement. The non-hierarchical team structures in Agile banks have a positive influence on employee satisfaction and engagement.
  • 30% to 50% improvement in operational performance. Projects are delivered faster, and banks can benefit from significant improvements in project Target Achievement Rate (TAR).
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TRAINING TEAMS

Agile Training for Bank Project Management

Training for those involved is recommended to get the most out of implementing Agile techniques for project management in banks. Different agile training is available for different roles within the bank or project team. Scrum is the leading implementation framework of Agile techniques – in use for over 25 years. Scrum training is the best way to equip teams to work on Agile projects.

Scrum Training Courses
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Our services

Agile Consulting

Our agile consulting experts partner with you to guide your agile strategy, working closely with your team to ensure you can independently utilise agile frameworks, and consistently deliver value.

Project Recovery

We help firms reverse delivery failures by embedding pragmatic, effective agile approaches. Through close collaboration, we rapidly recover challenged programmes to accelerate delivery.

Online Scrum Training

We offer immersive, interactive online training to ensure future agilists thrive in today’s hyper-competitive world.

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