RSM India publication - Internal audit and risk management in BFSI Sector
BFSI - IT Project Management
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Transcript of BFSI - IT Project Management
![Page 1: BFSI - IT Project Management](https://reader038.fdocuments.net/reader038/viewer/2022100606/55a07bb81a28ab01588b45a6/html5/thumbnails/1.jpg)
Acquisition model : Based on purchasing of services
Business Model : Based on pay for use
Access Model : Over the internet to any device
Access Model : Over the telecom to any device
Technical Mode : Shareable
Facilities deployment of fincloud without the cost and complexity of buying and managing complex system
FINCBS INC.BFSI – IT Program & Project Management
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SCOPE
1 Expertise
LEVEL 1
2Domain
LEVEL 2
3Strategy
STAGE 3
4Process
STAGE 4
PROGRAM & PROJECTMENT MANAGEMENT
BFSI SPECIFIC OUTCOME PROCESS IMPROVEMENT & OPTIMIZATION
BF
SI –
IT P
rogr
am &
Pro
ject
Man
age
me
nt
BIFURCATION HERE FOR COMPLETE USAGE HERE
LEV
ELS
FINCBS FINCBS FINCBS FINCBS
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LEVEL
• Value PropositionProject Management- The development of and management to a structured plan for the execution of projects ensures visibility and increases success. By proactively addressing time, cost, scope, quality, resource and risk considerations, the probability of on-time and on-budget project delivery is increased.
• Program Management- When overseeing multiple related projects or a Portfolio of initiatives, Program Management service ensures interdependencies are addressed, program standards are being used across all projects, and the overall health of the Program is being consistently assessed.
1LEVEL 1
2LEVEL 2
3LEVEL 3
4LEVEL 4
1STAGE 1
FINCBS
PROGRAM & PROJECTMENT MANAGEMENT
BF
SI –
IT P
rogra
m &
Project M
an
agem
en
t
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LEVEL
Domain – BFSI Specific
Industry experience
FINCBS – Banking Solutions
Robust consultants
Result oriented team Articulation of Project or Program Needs and
Drivers
Development of Work plans with Milestones, Deliverables and Resource Allocation
Weekly Project Status Updates
Formal Project Organization Structure Stakeholder Communication Plan
Issues Tracking Framework
1LEVEL1
2LEVEL 2
3LEVEL 3
4LEVEL 4
2STAGE 2
FINCBS
BFSI Specific
BF
SI –
IT P
rogra
m &
Project M
an
agem
en
t
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LEVEL
Planning: Project Charter including key drivers for the Project Project Plan and Schedule including activities, deliverables and
resources Project Team Organization including roles and responsibilities Communication and Change Enablement Plan Execution: Management of activity progress against timeline estimates Management of progress against budget Management of project issues and active stakeholder
communication Management of project interdependencies and relationships
with other initiatives Management of resource loading and client personnel
availability Close-Out: Verification and sign-off of project deliverables Authorization to move to post-project management or to the
next phase as applicable
1FEL 1
2FEL 2
3FEL 3
4FEL 4
3STAGE 3
FINCBS
Outcome
1LEVEL 1
2LEVEL 2
3LEVEL 3
4LEVEL 4
BF
SI –
IT P
rogra
m &
Project M
an
agem
en
t
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LEVEL
• Process Improvement & Optimization
• Value PropositionUnderstanding business process steps with the goal of identifying areas of improvement and eliminating inefficiency in order to simplify, integrate and automate. Processes are the key enabler to both effectiveness and efficiency of the IT operation. Both tool selection and organizational alignment should be based on optimized and clearly communicated processes.
•Key Components
• Understand what the process is trying to accomplish • Map Processes
• Categorize Steps as Value Added or Non-Value Added • Identify Improvements
• Define Cost Savings Opportunities • Conduct External Benchmarking Research • Define Recommendations & Action Plan
•Outcome
• Current State Process Flows • Future State Process Flows • Best Practices Gap Analysis • Key Performance Indicators (KPIs) • Continuous Improvement Plan
• Cost Benefit Analysis • External Benchmark Analysis
1LEVEL 1
2LEVEL 2
3LEVEL 3
4LEVEL 4
4LEVEL 4
FINCBS
PROCESS IMPROVEMENT & OPTIMIZATION
BF
SI –
IT P
rogra
m &
Project M
an
agem
en
t
![Page 7: BFSI - IT Project Management](https://reader038.fdocuments.net/reader038/viewer/2022100606/55a07bb81a28ab01588b45a6/html5/thumbnails/7.jpg)
THANK YOU