Page 21 - Summer 2025-Final_Neat

The Strategic Project Management This focus ensures that technical success translates into meaningful
Difference business impact.
Enterprise Program Management:
At Bank Strategic, we’ve developed a strategic approach to project
management that addresses these common challenges and Orchestrating Complex
significantly improves transforma�on outcomes. Key elements Transformation
include:
For financial ins�tu�ons undertaking mul�ple interconnected
ini�a�ves, Enterprise Program Management Offices (EPMOs)
provide a powerful framework for coordina�ng efforts and
1. Strategic Alignment Framework maximizing value. At Bank Strategic, we help banks design and
implement EPMOs that:
We begin every project by establishing clear connec�ons to
strategic objec�ves: 1. Align Project Management with Strategy
• Defining specific business outcomes the project will deliver
• Iden�fying key performance indicators that measure strategic Effec�ve EPMOs ensure that the organiza�on’s project por�olio
impact directly supports strategic priori�es:
• Crea�ng governance mechanisms that maintain alignment • Establishing clear evalua�on criteria for project selec�on and
throughout execu�on priori�za�on
• Building flexibility to adapt as strategy evolves • Implemen�ng transparent processes for resource alloca�on
• Crea�ng mechanisms to adjust the por�olio priori�za�on as
This framework ensures that projects remain focused on delivering strategy evolves
meaningful business value. • Developing metrics that measure project strategic impact to
2. Comprehensive Planning Approach the organiza�on

Our planning methodology addresses all dimensions of successful 2. Op�mize Resource U�liza�on
transforma�on: EPMOs enable more effec�ve use of limited transforma�on
• Realis�c resource requirements, including o�en-overlooked resources:
needs like subject ma�er expert �me • Providing visibility into resource demands across projects
• Interdependencies with other ini�a�ves and opera�onal • Iden�fying and addressing resource conflicts before they
ac�vi�es impact schedules
• Specific regulatory and compliance considera�ons • Facilita�ng the strategic deployment of specialized exper�se
• Detailed change management and communica�on strategies • Suppor�ng more accurate capacity planning for future
ini�a�ves
This comprehensive approach provides a solid founda�on for
execu�on while avoiding common planning blind spots. 3. Manage Dependencies
3. Adap�ve Execu�on Model Banking transforma�ons typically involve complex
interdependencies that EPMOs help navigate:
We implement flexible, milestone-based approaches that
accommodate the reali�es of banking transforma�on: • Iden�fying and tracking cross-project dependencies
• Coordina�ng schedules to minimize integra�on risks
• Regular reassessment of assump�ons and constraints • Facilita�ng communica�on between related ini�a�ves
• Structured processes for evalua�ng and incorpora�ng • Providing early warning of poten�al cascading impacts
necessary scope changes
• Con�nuous stakeholder engagement to ensure evolving needs 4. Standardize Methodologies
are addressed
• Clear escala�on paths for addressing emerging issues EPMOs establish consistent approaches that improve efficiency and
effec�veness:
This adap�ve model maintains momentum while accommoda�ng • Developing standardized tools and templates tailored to the
inevitable changes.
ins�tu�on’s needs
4. Value Delivery Focus • Crea�ng common repor�ng mechanisms that enable
meaningful comparison across projects
Throughout execu�on, we maintain unwavering focus on the • Establishing consistent quality standards for key deliverables
business value the transforma�on is intended to deliver: • Building ins�tu�onal project management capabili�es through
training and mentoring
• Regular valida�on that the project remains on track to achieve
business objec�ves 5. Drive Con�nuous Improvement
• Early iden�fica�on of poten�al value gaps
• Proac�ve adjustment of plans to maximize value delivery Effec�ve EPMOs facilitate organiza�onal learning and capability
• Transi�on planning that ensures sustainable benefits enhancement:
realiza�on
• Conduc�ng post-implementa�on reviews to capture lessons
learned

Arkansas Community Banker | 21 | SUMMER 2025