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Pensions

Wtp project back on track with execution power

Date:July 30, 2024

Pension providers are under pressure to implement complex changes within a short timeframe. The Future Pensions Act (Wtp) requires detailed planning and tight execution to comply with the new regulations. We often see organisations falling behind due to lack of overview and detail in their planning.

With Wtp Execution Power, Projective Group offers quick and effective help to address key issues and regain control. Our execution power takes three forms:

  1. Unburdening
  2. Rescue & recovery
  3. Strategic review

1. Execution power: project professionals who take the pressure off

Our project professionals ensure that deadlines are met, and risks are managed. They have the experience and skills to ensure a successful implementation. Through their commitment, we can ensure a streamlined implementation, taking all necessary steps for a flawless transition.

2. Rescue & Recovery: Unstuck projects again

When you get the feeling that you are behind schedule, it is important to identify where the bottlenecks are as soon as possible, especially with the tight deadlines of the Wtp. With an effective analysis, we identify the problems and determine where the biggest gains can be made. This rescue & recovery approach helps to find solutions quickly and make the right adjustments. Maybe that means extra people, filling specific roles or setting up a steering committee. With clear, concrete advice, you yourself get the project back on track.

3. Strategic Review: Assess where you can improve and accelerate

When you feel a project is running smoothly, but you want confirmation of this or see where there is still room for improvement, we can help with a strategic review. This review examines where improvements can be made and the concrete steps to implement them. Even if everything seems to be on track, this analysis can provide valuable insights and confirm that you are on the right track. In doing so, you then guarantee the quality of the outcome.

Case

At a large Dutch pension administration organisation, we conducted an analysis of their Wtp program. It turned out that their planning was at a high level but lacking in detail. Our recommendation was to set up a detailed planning with the people doing the work. This helped them better assess what was feasible and provided a more realistic timeframe.

Tailored approach

Every execution power project starts with an analysis in which we identify where we can add value fastest. The method or tools needed for this differ from one organisation to another. There is no quick fix that works for everyone. We prefer to focus on tailor-made solutions that help your organisation. For this reason, we do not take on the entire project, but together determine the steps needed to get the project back on track.

Initial analysis: A quick and thorough analysis of the project to identify the main problems.

Propose measures: Based on the analysis, we make recommendations for improvements.

Implementation support: We help implement the proposed measures so that the organisation is quickly back on track.

Knowledge and scalability

Broad project experience and retirement knowledge are crucial for effectively identifying and solving problems in Wtp implementations. The aim is not just to solve project problems, but to provide a vision from which the entire organisation learns and implement improvements that will be useful in other projects as well. When problems or stress arise within projects, it helps to bring in an external party with the right knowledge and who keeps a cool head.

Basically, Projective Group’s goal with execution power is to ensure that, as an organisation, you can work with the advice yourself and keep the Wtp project in your own hands. But we also understand when the advice calls for more help. We have the capacity and people to step in at any time and fulfil the roles needed to get a project back on track. Whether you need program managers, PMOs, test managers or agile delivery experts, we have the right people.