Driving high performance and higher productivity across organizations and enhancing financial performance of operations are standard practices in today’s business services sector. The ability for each organization to continuously improve the bottom line is at the heart of operations.
This category seeks to recognize the projects that brought the highest productivity, significant improvements and contributed to improving business excellence through enhanced process quality, reduction of operational costs or overall contribution to the enterprise. We look at projects driven either through continuous improvement or business process re-engineering, as well as the adoption of innovations and cutting-edge technologies.
PROJECT GOAL AND SCOPE
How did you identify the need for your project? What change did it mean to make and what were the expected goals? Number and nature of stakeholders engaged (single/multiple functions, local or global departments) and employed resources. How long did it take to design and implement the initiative/project?
Please describe the approach (methodologies, processes, technologies, governance…etc) applied and what was done/delivered at the execution phase.
ACHIEVED BENEFITS AND RESULTS
How did the implemented project affect the financial performance (cost reduction, cost avoidance)? How did the project improve your competitive advantage? Did the project bring other benefits (income stream, higher recognition…)? Please supply proof of success e.g. statistics, financial results, ratios, percentages, ROI, …etc.<br/><br/> Can the initiative be replicated in other processes/functions? Has it been deployed in other entities or organizations or at the other organizations (same capital group organizations, customers)?
Please state what was unique and innovative about this project.