The Ship: Saving A Foundering Project
firms frequently undergo system conversions and
implementations. When these projects fail, they may
result in significant financial, operational or
reputational risk. Even though investment firms work
diligently to avoid or mitigate risk in the investment
selection process, risk management is often an
afterthought when it comes to delivering projects.
A large wealth manager engaged Meradia to help it reset a key project that was in danger of failing. The firm needed Meradia to take control of several key project components, including data validation, gathering/writing business requirements and establishing effective communications with the vendor involved in the implementation.