Case Study - Project Management Capability

Client Need

A large fast moving consumer goods organisation was struggling to achieve targeted profit ratios and the returns expected by shareholders. A strategic review of the business suggested that significant reductions in cost had to be achieved for the organisation to achieve its full potential. As a result, a program was developed that was targeted to identify and deliver cost saving amounting to several hundred million dollars.

CompAssess Solution

CompAssess was engaged to help build project capability in two ways.

CompAssess completed an analysis in consultation with senior managers to identify the success criteria for project leadership roles in the business. The resultant selection criteria was applied to ensure that those individuals vested with the responsibility of delivering major cost reduction projects were endowed with the essential knowledge, behaviours and leadership disposition.

CompAssess also developed a project management training package from existing materials and methodologies already in place in the business. Over a two year period, CompAssess trained project leaders in effectively applying a cogent and customised project management methodology to increase the probability of project success.

Project management training was also extended to all individuals across the business that were to make a significant contribution to successful project delivery. In total, approximately 1,500 people were trained in the methodology.

Outcome

Over the course of 2½ years, the organisation increased its successful project delivery strike rate from between 15 to 20 percent to 86 percent. Collectively these projects delivered over $AUD300 million dollars of cost savings onto the bottom line.