Enterprise Project Management Governance - A Strategic Approach for Fintech Success
30 / 12 / 2024
Explore about the Enterprise Project Management Governance with Krishnan Chari in this informative episode of PayTech Bytes.
In this episode of PayTech Bytes, Krishnan Chari, Head of Enterprise Risk and Compliance at Worldline, highlights the significance of Enterprise Project Management Governance (EPMG) as a strategic tool for fintech organizations. Positioned at the intersection of corporate governance and internal controls, EPMG ensures that product innovations, process changes, and regulatory projects are effectively managed and aligned with organizational goals.
Krishnan emphasizes that fintechs operate in a complex, interconnected environment where product and service innovations rely on cross-functional collaboration. Traditional unidirectional control approaches no longer suffice in today’s fast-moving digital economy. EPMG serves as a structured framework to manage these dynamic processes by organizing initiatives as individual projects while providing enterprise-wide visibility through a Project Management Office (PMO).
The PMO plays a pivotal role in resource allocation, monitoring project progress, and identifying challenges or delays. It bridges the gap between unit-level project execution and senior management oversight, ensuring alignment with strategic objectives. By adopting lifecycle reviews, organizations can respond to changes in the business environment, enhancing agility and efficiency.
Krishnan also underscores the importance of adapting project management structures to meet the evolving needs of fintech businesses. In an increasingly digital and globalized market, effective project governance enables fintechs to allocate resources optimally, improve ROI, and ensure seamless collaboration within and outside the organization.
He concludes by urging fintechs to move away from legacy operational models and embrace project management frameworks to drive innovation, efficiency, and competitiveness in today’s digitized payment ecosystem.
We hope you found these insights on Enterprise Project Management Governance valuable. Stay tuned for the next episode of PayTech Bytes, and feel free to reach out to us at marketing.worldlineindia@worldline.com for any questions or collaboration opportunities.