CASE STUDY  - IMPROVING RETAIL BANKING PRODUCTS

Organisation
UK Retail Bank

Requirement
A separate retail banking products marketing division had recently been established, by the bank. As a result, there was a need to improve the methods used to introduce and amend financial products. There was also a need to reduce the time taken to launch new financial projects, following their inception.

Approach

	Identify and evaluate existing product development techniques
	Identify areas for improvement and assess options
	Assess business requirements and recommend new development methods
	Develop and implement project management training programme
	Introduce improved project management methods
	Implement improved product development processes
	Monitor development of new products and provide consultancy service for new product development

Outcomes
Identification and eradication of several bottlenecks, leading to a more streamlined process.

Time taken from product inception to launch was reduced by around 25-50 %, depending on product.

Successful migration of retail banking product development  to a single dedicated team.

Migrators have also provided consultancy on similar topics, some of these include:

Introducing Programme Management     Improving Management Reports

Integrating e-Business                          Welfare Modernisation Projects

Migrators have also provided consultancy for similar organisations, some of these include:

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