By Julian Goldsmith, 4 April 2008 10:42
NEWS
Lloyds TSB has made a multimillion-pound investment in a software toolkit to help improve project management across the bank.
According to Lloyds TSB's head of tools, change management services Leslie Gibson, the bank has many hundreds of projects running simultaneously across its 30 business units at any one time.
silicon.com Financial Services
Get the latest financial services news straight to your inbox. Sign up for the FS newsletter today!
The toolkit, called PAT from Ninth Wave, allows project managers to plan and execute the various stages of the project, from initial ideas, to formulating a business case, to completion and using work-flow parameters. Tools for assessing risk and dependency management are also included. The software is web-based and data can be made available through it to every member of the project team.
Gibson told silicon.com the toolkit will be rolled out to 2,000 project managers within the bank, but many more staff will access data through it.
He said: "Everyone will get the same consistent view of the progress of the project. It will also help managers to assess the performance of all ongoing projects."
Gibson said Lloyds had a history of best practice in project management and the toolkit would ensure that this level of best practice was being adopted in every project throughout the organisation.
He said: "Lloyds TSB is constantly launching new projects, such as creating new products into the branches, internal transformation, branch refurbishments. Project management underpins the company. Using this toolkit means we can manage this project more efficiently, making us much more agile as a company."
Comments
There are 2 comments. Join the discussion
1. anonymous
Sounds (and should be) like a browser based online application. It also seems to me (the article is not stating) that the application was developed in-house. I think it's time right now for a company to build an online Project Management tool that huge organizations such as the Lloyds can trust and can use, and not worry about security, etc...
This will standardize online Project Management Software and will open the way for a virtually bug free application.
2. Charles Smith
Software the panacea! It reminds me of a trading floor project I took over as Project Manager. The incumbant Project Manager had all the correct software tools, the best Prince Methodologies, detailed Gantt Charts etc, etc.
However the poor soul had missed the fact that the equipment his team wanted to install in the Data Centre was so heavy that the floor would have collapsed.