This is the first week back for most of us after the holiday season, and all at PMI would like to add our own good wishes for a healthy and happy 2011 to all who may read this our new weekly editorial.
For many of our clients the hard work spent in October and November getting expenditure budgets prepared and approved for a new fiscal year, now needs to be translated into action. The projects that have been frozen for the last two years have in many cases had to be reassessed and brought back to the drawing board, often in a scaled down version. Now is a good time to look at the structure and experience levels of your internal teams and consider the need for resource augmentation either with permanent staff or project based contract teams. PMI’s workforce augmentation model is there to be of service and to provide an economic solution. Whether you are a financial institution, a system integrator, outsourcer or major consultancy operating in the BFSI sector, or a software vendor requiring additional support for a successful end of year sales push, PMI’s focused delivery model and domain expertise is available to help you meet your 2011 targets.
Banking and financial services is a very broad church which is one of the reasons that PMI has spent 15years refining its knowledge and delivery capability in this area without seeing a need to diversify into other industrial sectors. If I was to choose a couple of areas where we would expect to see significant growth in 2011, I would cite compliance and regulation, and the continued growth in sophistication in risk management. We would also expect to see a continued move towards shared and hosted facilities especially amongst new entrants and smaller specialist banks, and continued outsourcing of non-core functions.
PMI has always sought to retain independence for any particular software vendor as our job requires us to have knowledge of all the available solutions in the marketplace and to understand the reasons why some product prove more popular and are more successfully integrated than others. Now increasingly we resolve that dilemma by being a partner and ally to most of the major players and focusing our support on the pre-sale task of system selection and the post-sale requirements of project planning and change management, where the resources we deliver have the skills, that can have the greatest impact in protecting our clients’ reputation for successful on budget and on time results. Let’s make sure that in 2011 collaboration works.
David Lewis
CEO
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