Transformation Portfolio Optimisation

  • A UK Bank was managing a large portfolio of disparate programmes and projects;
  • The Transformation budget for 2017 was over-subscribed with increased demands for further change or scope-creep;
  • There was limited understanding of benefit realisation at various stages in the portfolio;
  • Strategic objectives for the client were clear, but there was no ‘true’ alignment involving the portfolio of change.
  • Establish over-arching governance arrangements to ensure ‘value-added’ change is being monitored;
  • Confirmation of strategic objectives and criteria to assess ‘critical’ programmes and projects – ‘does the change support both strategic and business objectives with the right outcomes ?’
  • Development of a high-level business ‘blueprint’ with measurable outcomes for external (e.g. customers) and internal (e.g. staff) priorities;
  • Recut the overall portfolio roadmap into delivery ‘themes’ and recut plan into manageable tranches driving business benefit (e.g. collection of project phases producing benefits together at key stages);
  • Determine business change that is ‘critical now’ for this year and those that can be ‘deferred’ to next year;
  • Analysis of the forecast budgets for each project within the programme, linking back to benefits, and categorising costs;
  • Linking agreed spend back to change capability ,i.e. IT development and delivery capacity, to understand ability to deliver in line with project timelines;
  • Identify critical priorities and dependencies;
  • Provide challenge to projects with clear scope or requirements;
  • Set up ongoing monitoring and reporting.


  • 300+ projects considered and realigned against business objectives;
  • All ‘critical’ change priorities accommodated with additional change being ‘deferred’ to next year;
  • £50m budget remained the same, but with more projects being delivered;
  • Business has better grasp on assessing projects and deciding their value for customers and business alike.
Darrell KingDarrell is a fully rounded financial services professional with over 20 years’ experience and achievements across a broad range of businesses and supporting operations.
04 Jul 2017
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