Development of a recovery plan for the implementation of the central banking system
Challenge
The bank required a comprehensive assessment of the ongoing core banking system implementation and recommendations for the preferred continuation path. The organization needed to diagnose issues affecting project delivery, develop alternative implementation scenarios, recommend the optimal option, and provide support in negotiations with the vendor regarding the redefinition of scope and timeline.
Solution
We conducted a comprehensive analysis of the core banking system implementation project. We diagnosed key issues, developed alternative continuation scenarios, recommended the optimal path forward, and provided expert support during negotiations with the vendor to redefine scope and schedule.
- Issue diagnosis: identification of root causes of implementation challenges
- Continuation scenarios: development of alternative project execution paths
- Recommendation: selection of the optimal continuation approach
- Negotiation support: advisory in redefining scope and timeline with the vendor
As part of the project, we performed a detailed assessment of the implementation status, identifying key challenges and root causes. We developed multiple continuation scenarios reflecting different scope and timeline options and recommended the optimal approach. We also provided expert support in negotiations with the system vendor to redefine project scope and schedule.
Results
The bank received a comprehensive assessment of the core banking system implementation, including a clear diagnosis of issues and a recommended optimal continuation scenario.
01
With our expert support, the organization successfully renegotiated the project scope and timeline with the vendor.
02
The recovery plan enabled the bank to continue the implementation with realistic assumptions.
The renegotiated scope and schedule addressed identified issues and increased the likelihood of successful project completion.