Emerging business needs, new and thin project management capacity, multiple locations, many interactions with existing operations, space constraints, high load on procurement team
The target for senior management was to implement one of the biggest expansion plans in the industry over a span of 3 years. The management had implemented around ₹1000 Crores of investment over 2 years and the business need demanded a significant improvement.
The project management team was newly formed and fresh recruitment was also in progress. In addition, part of the execution team was shared with operations. For the senior management team forward-looking visibility was a key requirement. The portfolio consisted of over 20 projects – requirements that emerged over 2 years
Portfolio plan to drive execution, Full Kitting projects (for enforcing criteria for execution readiness), Driving pro-active actions on forward-looking signals generated by Concerto
The following methodology and software was implemented in the project. The key differences that prior systems did not provide were:
2-tier (Focus-&-Finish) planning methodology
Simple and stable project plans
Rigorous Full Kitting practice
Concerto provided full visibility of FK readiness and management processes were put in place for driving closure of FK prior to key phases in execution (Commencing civil works, equipment installation)
Leveraging the Focus-&-Finish plans, Concerto not only started highlighting the current areas requiring attention, but also upcoming bottlenecks (in the respective project as well as entire portfolio), that allowed senior management to start taking pro-active actions to control the projects.
Results achieved by client
A total of ₹ 2400 Crores worth of investment was implemented over 3 years at ₹ 800 Crores/ year and project throughput was increased by 60% over the first 2 years. This also meant that Welspun set a new benchmark in the textile industry. And across domains too, this was one of the largest expansion plans executed successfully.