Fortune 100 Technology Company: New Product Introduction
Initial Situation:
- Very seldom meet original due dates
- Scope and quality compromised to minimize lateness to market
- Project starts delayed by late finishes on previous projects
- Project due date set by marketing needs
- Team members stressed by delays
- Lack of valid information about project and task status
Client Objectives:
- Reduce actual time to market
- Maintain scope and premium pricing
- Improve quality of life
- Create and maintain achievable and realistic schedules
- Create and maintain clear and stable priorities
- Establish stable exit criteria for tasks (what is done?)
- Eliminate multitasking
- Identify risks to project completion
The ProChain Solution:
- An integrated solution
- Implementation planning
- Education on the methodology at multiple levels within the organization
- Training on the software
- Facilitated schedule building, compression and analysis
- Implemention of a project status and updating process, including senior level metrics and decision support process
Results Achieved:
- Shortened product launches by approximately 25%
- First to market for this type of product
- Identified and eliminated early schedule risks
- Maintained original scope and premium price points
- Created a stable and continuous improvement process
- Return on Investment ratio conservatively 250:1