Reinvigorate conventional PMO to a forward-thinking transformative organization, gaining a competitive edge by derisking its path through agile, responsive, and inventive approach to spotlight as a great stock.
Large-scale projects such as digital supply chain transformation utilize expertise in digital transformation to provide significant benefit across customer service outcomes, revenue growth, cost reduction, improved forecasting, and business agility. Moreover, digital operations play an imperative role to ensure seamless integration and execution of digital supply chain transformation projects, enabling organizations to attain their desired business outcomes. Creating innovative systems to achieve business projects guarantees improved outcomes and reduced challenges, as well as ensuring the project is completed quickly and within budget parameters.
Project management consulting services integrate innovations from digital transformation and organizational change to support the planning, execution, and continued management of large projects. This process incorporates the identification of non-profitable dynamics, creation of improved practices for project management and decision-making, and the design of execution strategy to maximize growth. Cognitute's project consulting services reduces challenges in coordination between aspects, reduces roadblocks that may slow down project completion, as well as increases return on investment.
Management of large projects are complex and often challenging, containing a multitude of dynamic factors including forecasting, planning of resources and budget, project managing internal processes, and fluctuations in business demand. Deployment of Project Management Office (PMO), helps to mitigate these roadblocks and ensure timely, successful project completion that aligns with long-term business goals.
Deploying a PMO involves the assessment of current practices and the creation of a deployment plan individualized to business culture and objectives. This allows identification and prioritization of a core set of PMO services and functions to be incorporated, including governance standards, resource requirements, measures of performance, and upskilling of the workforce if necessary. A well-implemented PMO can drive growth and innovation through coordination of project operations with the company's overall strategy, and by adoption of effective methods for efficient project management.
Cognitute’s project management consultancy service deduces the true root cause of setbacks and activates unprecedented sustainable long-term solutions. PMOs can take a variety of forms depending on business needs, including a technology-centric PMO for management of technology projects and IT resources, a PMO related to business transformation and optimizing large-scale organizational change, or project management incorporating research and development.
Project management maturity assessment is an essential component for determining the current level of maturity of an organization’s project management and delivery processes. The project management maturity value can then be used to identify target areas to focus investments, as well as a projection of future maturity levels and comparison of these to target maturity levels. Target project maturity levels vary between businesses depending on targets, current strategies, scope, and current capabilities.
After completion of a project management maturity assessment, results are utilized for the development of an individualized roadmap containing measurable milestones that facilitate progress in both the short and long term. This roadmap additionally addresses barriers to success and provides change enablers for overcoming or mitigating these. Project management maturity can be reassessed in the future after the achievement of specific milestones, highlighting both the progress that has been made or any new barriers that need to be addressed. Our project management consulting services utilize the results of a project management maturity assessment to develop a personalized roadmap with measurable milestones, addressing barriers to success and providing change enablers to facilitate progress in the short and long term, with the ability to reassess and adjust the roadmap as necessary to ensure continued success.
Recent data indicates that a median of 37% of the projects undertaken by an organization is at risk of failure. Forward-thinking, data-driven planning, and decisive action are therefore essential to eliminating the risk of project failure and preventing loss of revenue and business growth. At-risk projects can be identified by common indicators including delayed accomplishment of set targets or milestones, incomplete resource allocation, or significant technical issues.
Project recovery incorporates a comprehensive review of the current status of the project, allowing areas of weakness to be identified and improved upon. These areas of weakness frequently incorporate resource availability, project roles or responsibilities, monitoring processes, and project scope. Following project assessment, the senior leadership team then acknowledges the strong aspects of the projects while examining areas of weakness, how these weaknesses may have developed, and ways to prevent them in the future. This information is used to construct a recovery plan.
Actions taken to recover and stabilize at-risk projects incorporate improvements in communication, optimizing resource allocation, resolution of technical issues, improving stakeholder management, and redefinition of the scope of the project. Project management consultants at Cognitute have successfully recovered close to 325+ critical projects for our clients, pinning an average 1.35 percentage points increment in total shareholder returns.
Utilization of interim program managers and/or project managers allows organizations to benefit from expert-level leadership when undertaking high-risk or high-visibility critical organization initiatives. Interim program and project managers lead PMOs for short-to-long term durations, providing industry expertise based on long-term demonstrated performance, and then transition the management back to the organization at an optimal time.
Project management consultancy incorporates diagnostics and recovery of projects at risk of failure, management of strategic initiatives which are critical to organization success, supplementation of additional resources at times of unprecedented or unachievable demand, and filling gaps in knowledge or skill in the workforce when expertise is required.
Business strategy is the foundation for any successful organization, but without sound execution, even the most valuable strategy is limited in the value it can provide. Statistically, between 60-90% of business initiatives are not successfully executed. Failure to execute a business strategy has significant negative impacts, including losing competitive advantage, discrediting of leadership teams, reduced workforce morale, and inability to gain a leading position in the industry. To guarantee that strategic goals and initiatives are achieved to full potential, industry-leading organizations implement a Strategic Realization Office or SRO.
SRO optimizes the execution of strategic initiatives while prioritizing strategic goals to ensure that they are not outside the capacity of the business. High-achieving SROs will incorporate governance, which facilitates the creation of an effective plan and processes for project management while ensuring that compliance is maximized.
Data Points Derived
Average Client ROI
Uplift in Customer
Average Boost In Sales
Each organization is unique across aspects such as industry, performance, culture, and needs. This is why it is essential for project management consulting approaches to be individually tailored to align with the organization’s individual requirements.
Project consultants assist in diagnosing challenges or flaws that have been preventing progress, allowing processes, tools, and teams to be adapted for risk mitigation and success in a way that supports the core culture of the organization. Portfolio management, which can be high-stress and high-risk, can be objectively and reliably evaluated and advised upon by consultants, providing guidance on essential resources and investments. The utilization of a project consultant creates a more agile organization that is well-prepared for change.
Whether the project is small or critically large, Cognitute's project management consultants ensure that issues can be solved quickly, efficiently, and with a maximum positive impact across the organization.
US, Europe, APAC Region, Middle East
US, INDIA, EUROPE, APAC REGION
US, Europe, APAC Region, Middle East