Methodology
Six-Step Methodology
Target Operating Model (TOM)
- The Operating Model aims to close the tactical gap between Business Strategy and the actual implementation.
- The Operating Model translates the strategic goals into clearly defined implementation target and aligns the execution process to the business value proposition, making the strategic concepts a reality.
- The Operating Model is the “Business Architecture”. It is an integrated view of the People, Regulatory, Process & Technology requirements of a financial institution.
- The “Current” Operating Model is the current view of business architecture. It help us understand the baseline situation, identify improvement opportunities and constraints.
- The Target Operating Model (TOM) is the “to-be” or “future”view of business architecture that captures all the improvement opportunities that are consistent with the Institution Business Strategy.
Requirements Strategy
This involves the identification and consolidation of business and related systems requirements and issues to produce formal Requirements based Strategy, which can be used as the basis from which to launch procurement and implementation activities.
A clear and precise definition of requirements is essential before commencing any consideration of possible procurement activities; but this requirements definition itself depends on a clear articulation of business and systems strategies.
A clear and precise definition of requirements is essential before commencing any consideration of possible procurement activities; but this requirements definition itself depends on a clear articulation of business and systems strategies.
Systems Implementation Strategy
The purpose of this strategy is to document the objectives and recommended approach to system implementation.
Typically as part of this process we assist with the identification of suitable options and vendors to include in an RFT process, as well as identifying initial budgetary, technical and resourcing implications.
The example below illustrates the process of system selection. INFACT Consulting is experienced in the complete series of activities which is required to achieve system implementations which deliver capabilities to efficiently complement business objectives.
The example below illustrates the process of system selection. INFACT Consulting is experienced in the complete series of activities which is required to achieve system implementations which deliver capabilities to efficiently complement business objectives.
Tender Preparation & Evaluation
In conjunction with our tender methodology, our RFT analysis approach identifies the best fit against requirements, taking into account a wide range of considerations beyond basic functional and technical conformance. Our methodology provides:
- Assessment and rating of potential suppliers as viable long-term business partners, including their ability to work with staff to implement a system in a timely manner, causing minimal disruption to regular activities.
- Assessment of conformance to local and international best practice and compliance standards.
- Both quantitative and qualitative results.
- Gathering of information, which supports a high-level form of scoring, which allows “what-if” analysis of comparative results, which for example can alter priorities, weightings etc. on various assessment criteria.
- Assessment methodology, which has been used for the procurement of infrastructure and business applications to the several standards including the Commonwealth and State Procurement Standards.
Business Case & Contract Negotiation
INFACT Consulting have also developed a financial analysis approach, which in conjunction with the functional assessments, can be used to assist our client build a consolidated business case for the proposed project.
This approach includes the provision of a 10-year discounted Total Cost of Ownership (TCO) view comparing the current state and proposed target state, which includes both internal and external capital and operational costs. There are several elements associated with negotiating a contract that provides maximum benefit to the client where INFACT Consulting can assist, and these include:
This approach includes the provision of a 10-year discounted Total Cost of Ownership (TCO) view comparing the current state and proposed target state, which includes both internal and external capital and operational costs. There are several elements associated with negotiating a contract that provides maximum benefit to the client where INFACT Consulting can assist, and these include:
- Achievable delivery schedules and plan.
- Full specification of all fees and charges including up-front, capital, services and ongoing maintenance and support together with tight specification of scope and associated deliverables.
- The management and support structure applicable to the agreed project including the most appropriate mix of permanent, vendor and external consulting or contract resource.
Process Alignment & Acceptance Testing
INFACT Consulting have also developed a financial analysis approach, which in conjunction with the functional assessments, can be used to assist our client build a consolidated business case for the proposed project.
This approach includes the provision of a 10-year discounted Total Cost of Ownership (TCO) view comparing the current state and proposed target state, which includes both internal and external capital and operational costs.
This approach includes the provision of a 10-year discounted Total Cost of Ownership (TCO) view comparing the current state and proposed target state, which includes both internal and external capital and operational costs.