In this strategic initiative, AdvanceWorks collaborates with a renowned Japanese multinational leader in consumer-packaged goods to streamline portfolio, program and project management. The first objective is aimed at prioritizing budget allocation and resource management to reduce costs associated with a pool of 500 ongoing projects across the different geographic zones.
Beyond cost reduction goals, this collaboration identifies and anticipates transformative impacts. Efficient portfolio management promises the optimization of operations, minimizing redundancies and elevating overall organizational efficiency.
Furthermore, efficient portfolio management positions companies for informed decision-making, using comprehensive reporting and standardized governance.
Standardized global practices are a key point for multinational corporations, ensuring operational consistency and cultivating a continuous improvement culture heralding a sustained success in a dynamic business landscape.

Team Collaboration

The collaborative effort directly impacts the client’s management team at the global level. AdvanceWorks plays a pivotal role in supporting decision-making by creating financial tools and facilitating a standardized reporting structure. This ensures that the management team receives consistent and comprehensive information from diverse projects conducted in various regions around the world.

Goals Achieved

The main goals for this project were:

• Achieve a targeted cost reduction over $100 million within the next years across the pool of ongoing projects.
• Develop and facilitate tools and assets that enhance reporting capabilities and support portfolio governance for efficient decision-making.
• Provide robust support to both Business and IT teams in effective project management, ensuring alignment with organizational objectives.
• Enable the management team to make informed decisions by delivering comprehensive insights and strategic analysis.
• Implement a standardized reporting framework across different regions and countries, ensuring uniformity in reporting structures and facilitating data-driven decision-making.
• Contribute to effective project and portfolio management, promoting optimal resource allocation and utilization.

Results

The collaborative work between AdvanceWorks and the client is expected to yield significant benefits. The observed results include improved decision-making, streamlined reporting processes, enhanced resource management and a standardized global approach to project governance.

Next Steps

In this partnership, we commit to continuous improvement and refining tools, based on   feedback from top management and business needs. Regular reviews and assessments measure effectiveness, guiding enhancements and aligning operational excellence and informed decision-making to portfolio and program management.