It is widely acknowledged that Project Management is critical to the successful implementation of a strategic roadmap or a technology implementation, yet true success is often elusive. In fact, some studies estimate the failure rate of complex, system-intensive projects to be as high as 70%.
While a large number of reasons are commonly given for project failure, it often boils up to a single point. Projects fail because of a lack of understanding about the relationships and correlations between people, data and systems.
Understanding the business and the technology
Hipercept’s experience with alternative asset classes combines with technology expertise to create a full understanding of complex technology and business projects. For example, we understand the circular relationship between business intelligence and data governance and the subsequent need to implement both components in parallel.
Hipercept helps investors establish a Project Management Office (PMO) that provides:
- Oversight of detailed project charters, plans and budgets for each project;
- Weekly progress report briefings with the business sponsors to discuss project progress, status, risks and issues;
- Implementation and management of change control procedures;
- Management of documentation related to the development of functional requirements and deliverables.