Challenge

A leading institutional bank found itself spending $1.7 billion per year on projects that required constant “rework” after delivery. When the transformation team ran the numbers, using Enthoosa AI’s constraint-identifier, the average project was taking over 2 years from ideation to delivery. With such long delivery times, projects required changes due to shifts in regulation, markets, and technologies.

Solution

With the help of Enthoosa’s approach, the team implemented dozens of fixes to the project delivery process over the span of several months. In one instance, they were able to speed up feature delivery 25%, instantly, without cost, by removing an incorrect procedure that had been in place for years. In the end, delivery time across all projects was reduced from 2 years to just 11 weeks.

Results:

• Reduced delivery time: 90%
• EBITDA uplift: $330 million
• ROI: 105x
• Implementation time: 3 months