Leading Stock Exchange in the Middle East

Leading Stock Exchange in the Middle East is considered among the top 30 exchanges worldwide in terms of market capitalization, and the first in MENA Exchanges. The PMO was established in 2007 to be responsible for the standardization, monitoring and controlling, reporting, and project management training and awareness. The PMO sets in the corporate level and is responsible to monitor and control programs and projects for the stock exchange and the subsidiaries. Also, the PMO is responsible to monitor the execution of the strategic initiatives as per the approved five years’ strategic plan. Classified as a controlling PMO that is not performing a directive role for projects execution, and project managers are residing in the divisions who are responsible for the implementation.

The Challenge

• Modernizing existing EPM deployment based on a legacy system

• Unable to link corporate strategy with Projects and Portfolio

• Unable to perform project “Benefit Realization”

• Time consuming and error portfolio analysis leading to execution of projects and programs not linked to strategy

• Lack of real-time insights into project and portfolios

• Dependency on IT for updating the EPM workflows and eForms

The Solution

• Delivered end to end portfolio and project management solution

• Helped automate process outlined in the project management methodology across project life cycle from Pre-Initiation till closure

• Low code eForm and Workflow Designer

• Portfolio Analysis Module to select and execute right projects & programs

• Project Benefit is captured and baselined to evaluate against the actuals

• Self Service reports and dashboards for the executives and PMO team.

The Benefits

• Automated 20+ processes across project and program lifecycle

• Low code eForm and Workflow Designer enabling PMO team to make changes to the processes and eForms

• PMO team able to perform “What-if” analysis of all projects and programs in pipeline against the business drivers to choose the right projects for execution

• Increased the process efficiency by more that 40% by workflow automation and constantly optimizing the process by having near real-time insights into the running workflows

• Actions insights in the reports and dashboard helped improve the decision making.