Project Pipe­line

Banking Frontiers - - Highlights -

The State Bank of In­dia is propos­ing to set up a trans­for­ma­tion man­age­ment of­fice (TMO) at its global IT cen­ter in Be­la­pur in Navi Mumbai. The bank is also seek­ing to cre­ate an en­ter­prise ar­chi­tec­ture func­tion. The bank wants the TMO to be op­er­ated in a BOT mode. The TMO will act as a con­tin­u­ous ex­cel­lence en­gine for IT, en­sur­ing that IT trans­forms it­self as it meets ever in­creas­ing busi­ness de­mands. The TMO will man­age and mon­i­tor the IT port­fo­lio of projects, en­hance syn­ergy be­tween var­i­ous IT de­part­ments, pro­vide gov­er­nance for change man­age­ment and pro­vide frame­work for value re­al­iza­tion from projects. The TMO is ex­pected to work closely with busi­ness lead­er­ship and be the change agent. The con­stituents of the TMO will be ex­pe­ri­enced prac­ti­tion­ers and ex­perts with a bal­anced per­spec­tive of busi­ness and IT. The bank wants to have value re­al­iza­tion via align­ment with busi­ness ob­jec­tives and track­ing and mea­sur­ing busi­ness ben­e­fits from projects, syn­ergy and col­lab­o­ra­tion among var­i­ous busi­ness and IT de­part­ments for de­liv­er­ing or­ganic strate­gic ini­tia­tives, change man­age­ment, ca­pa­bil­ity build­ing, manag­ing in­ter­de­pen­den­cies, risks, en­ter­prise and tech­nol­ogy ar­chi­tec­ture and pro­vid­ing gov­er­nance as the key fo­cus area of the TMO.

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