Preemptive Action: Mitigating Project Portfolio Risks in the Financial Services Industry

by Economist Intelligence Unit, 28 February 2011

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Management Risk Management

tags:
Economist Intelligence Unit financial services stakeholder relationships strategic planning

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EIU’s research finds that the experiences of financial services companies with mature project management capabilities to identify and deal with project failure provide valuable lessons to organisations with ineffective strategies.

Key Findings:

Ideally, projects veering towards failure should be killed in the planning stages, not during implementation.
Executive stakeholders must be held accountable for project failures.
Effective communication is essential in identifying signs of failure and finding solutions.
Regulatory projects are the top priority in the financial services industry today.
Effectively managing project failure opens doors to new opportunities.

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Economist Intelligence Unit

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