Ferroque Systems Project Management Practice

Take your implementation to the next level.

The Ferroque Systems Project Management Practice focuses on enabling customers to increase adoption and get the most out of their investment. We understand the challenges that face our customers and have worked diligently to develop a management practice that will help guide project success. This is achieved by identifying and removing barriers from a strategy, business, technical, and operational perspective. The Practice is intended to provide the necessary oversight required to lead a strategic initiative and ultimately deliver a positive experience for all stakeholders involved. Ferroque Systems have developed multiple management offerings to help customers achieve success for any size project or program.

Ferroque Systems have developed a Project Management Practice intended to help customers embrace their technology investments through empowering end-users while maximizing financial returns and business potential. Our practice has defined a standard methodology for managing short and long-term full lifecycle programs. The tools and methodology were developed by individuals with years of experience managing projects based on the Project Management Professional (PMP) guidelines.

Protect your IT Investment.

According to the annual Chaos Report published by the Standish Group, in the US allow there are approximately 175,000 IT projects inflight with a combined budget of $250 billion.

  • 31.1% of them will be canceled
  • 52.7% of them will end up cost 189% of the original budget
  • Only 16.2% will be completed on-time and on-budget

At Ferroque Systems we believe that a solid partnership and complete understanding of what our clients want is the corner stone to our success.  The Chaos Report goes on to say the top 3 reasons for project failure are as follows:

  • Lack of User Input – 12.8%
  • Incomplete Requirements and Specifications – 12.3%
  • Changing Requirements and Specifications – 11.8%

Almost 37% of all failed IT projects have nothing to do with the technology.

36.9% of all failed projects can be avoided by partnering with a strong organization that knows how to determine your requirements, communicate them to all levels of stakeholders, and manage those requirements throughout the project.  The Ferroque Program/Project Management team are trained to “go slow, to go fast” meaning, proper planning of requirements, identification of risks, and establishment of a communications plan in the beginning of the project will allow for a smooth and seamless execution to completion.

Benefits:

  • Accelerate Time-to-Value. Whether it is a challenge with use case integration, operational limitations, project management, architecture design, or issue remediation — these can all quickly bring the successful implementation of any technology to a standstill. With a blend of industry-leading technology expertise, project management best practices, and a background in IT strategy and operations, the Ferroque Program/Project Manager brings a powerful and unique skillset to help our customers get the most out of their investment in the least amount of time.
  • Mitigate Implementation Risk. Measure twice, cut once. This age-old saying applies to all technology implementations as well! Even the smallest mistakes early on can lead to poor user experience down the road or an outright failure to use the product or service. The Ferroque Program/Project Manager, who has years of implementation experience, will review all key decisions and help mitigate those risks.
  • Single Point-of-Contact. The Ferroque Program/Project Manager provides customers with a consolidated point-of-contact to the greater technology teams (sales, professional services, technical support, product management, etc.) and ensures that the right people, at the right levels, are engaged when needed.

A Program Manager is an offering available for customers with multiple technology projects going on simultaneously. Our Program Manager offering creates a clean communication channel between the various Project Managers overseeing their individual projects and the stakeholder organization looking for a consolidated approach to monitoring program health.  When budgets and resources are shared, within a business unit, across many projects, our Program Manager will ensure allocation for funds, resource contentions, and inter-project dependencies are managed to the most efficient manner.

Common Activities and/or Deliverables:

  • Project Goals, Requirements & Success Criteria
  • Implementation Strategy & Roadmap
  • Milestone Identification, Tracking and Acceptance
  • Overall Project Plan and Schedule Tracking
  • Status Reports, Issue Tracking, Resource Planning
  • Financial Tracking
  • Design Review & Updates
  • Risk Analysis & Mitigation

A Project Manager is an offering recommended for long or short-term individualized projects. The individual assigned will be responsible for overseeing the delivery process and coordinating efforts with cross-functional teams. This individual will leverage internal tools to manage the projects scope, timeline, finances and risk while ensuring high quality product or service output.

Common Activities and/or Deliverables:

  • Overall program health check
  • Resource allocation report across all projects
  • Interdependencies across the projects within the program
  • Financial management and balancing of hours between the projects
  • Staff onboarding activities
  • Executive level communications and presentations

Project Management Office (PMO) development offering from Ferroque Systems can be divided into 3 key stages of a PMO lifecycle:

  • Originating: Starting with an overall organizational assessment and review of all inflight projects, your PMO will originate from the business processes and best practices already enjoyed by your organization to maintain a solid commitment to organizational culture. Change is never comfortable, but our goal is to make that change seamless through our attention to detail on what already works in your organization.
  • Operating: Perhaps project management is not your organizations core competency, consider outsourcing the operation of your PMO to us. Allow us to augment your PM staff and continue to champion your best practices throughout the lifecycle of your active projects.
  • Optimizing: PMO’s are constantly changes to meet business trends, technology requirements, and shifts in organizational processes. Allow Ferroque Systems to audit your PMO and work with your team to make the necessary changes to ensure a best-in-class center of excellence around the delivery of your internal and customer projects.

Common Activities and/or Deliverables:

  • Program/Project assessment findings
  • PMO improvement recommendations
  • Tools, Templates, Processes required (PMO-in-a-box)
  • Training and support for Project Managers
  • Certification support for Project Managers (CAPM and PMP)
Executive Management

Executive Management

The Ferroque Systems Project Management Practice knows that all great projects need to be advertised, reported on, and celebrated at the highest levels of an organization. We are committed to assisting in executive level presentations and business reviews.

Health Management

Health Management

The Ferroque Systems Project Management Practice doesn’t just give weekly status reports, but we monitor the health of our projects by closely watching a number of key performance indicators.

Resource Management

Resource Management

The Ferroque Systems Project Management Practice assumes a dotted-line management structure with your internal teams and partners with the team members HR managers and supervisors to ensure we have enough of the right people working on the right tasks.

Time Management

Time Management

The Ferroque Systems Project Management Practice gives IT Director’s and CIO’s time back in their schedule by allowing us to lead your key projects and programs.

Cost Management

Cost Management

The Ferroque Systems Project Management Practice works closely with your finance and operations departments to ensure full visibility on project costs; budgeted, actual, and trending.

Schedule Management

Schedule Management

It’s been said that not knowing the completion date is a sign of trouble on a project. The Ferroque Systems Project Management Practice ensures you are kept up-to-date on where the project is trending with its schedule and when its due to complete.

Integration Management

Integration Management

The Ferroque Systems Project Management Practice continues to monitor other project activities in your organization for interdependencies that need to be integrated into the main project, and works with those teams to ensure smooth transitions.

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