Project and Crisis Management

Your Situation

Do you know enough about your projects? Can you keep your commitments? How to cope with crisis situations? How to successfully deliver results despite all uncertainties and problems? Half of all software and IT projects fail to meet their originally agreed targets. Another quarter is even abandoned. To improve the success rate of projects, but also to cope with global competitive pressure and with legal requirements from product liability and risk management, it is important for project managers and decision makers to continuously improve their management techniques and skills.

Our Solution

Vector Consulting Services supports companies in introducing and implementing effective and efficient management techniques.

• Optimizing distributed development by means of outsourcing, offshoring and introducing efficient collaboration models
• Introducing and optimizing risk management (operational and strategic)
• Efficient usage of standards such as PMBOK and PRINCE2
• Improvement of requirements engineering, product strategy, portfolio and product management across departments
• Supplier management, supplier audits, quality management with suppliers
• Metrics, indicators, benchmarking
• Crisis management and interim project management
• Competence development and coaching for project managers and for product managers
• Company evaluation, Due Diligence, market assessment and improvement

Your Benefits

The application of professional project management is increasingly demanded in tenders, and is crucial to satisfy product liability requirements. In many customer projects, we were able to show that with the right processes and techniques of project management combined with well-trained managers success could be heavily improved.

Reference Project

Initial situation: A supplier of software and components faced with most of its engineering projects massive schedule and quality issues because the necessary management actions were taken too late

Solution: Vector was asked to improve the risk management with respect to changing business models. We identified three root causes to the schedule and quality issues, namely a rather high number of technical risks that were not mitigated in due time, a lack of visibility of projects' content and progress, and unprofessional supplier management. With this background we introduced systematic project management and periodic reviews with major stakeholders in order to sufficiently early assess progress and risks and specifically to ensure adequate corrective actions. Following a pilot phase we trained this new process and then introduced it to all all projects.

Results: Schedule adherence and quality could be improved by up to 30 percent.

Your contact for further information:

Ph: +49-711-80670-1520 or consulting-info@vector.com