The large and complex nature of deals and accounting transformation projects often impact multiple functions, workstreams and stakeholders across an organization. Your company needs a flexible, coordinated and structured project management approach to help strengthen the effective execution of your strategic initiatives.
PwC’s Project Management professionals offer knowledge of deals and familiarity with processes necessary to take on important events and requirements, complementing your deals or accounting advisors. Our approach is tailored to your project and uses proprietary tools enhanced by our technology solutions to increase project efficiencies and effectiveness including customized project plans by deal type or accounting event. This framework helps address the key aspects of successful project management, summarized below.
Communication with key stakeholders —including executives, board of directors, audit committee, controllership, investor relations, tax, treasury, finance, internal audit— to help create alignment on project vision and value and provide ongoing status and issue reporting throughout the project.
Project planning and discipline by providing an executive roadmap with goals and milestones, a detailed project work plan, budget/cost analysis, a resource management plan and alignment with other workstreams and initiatives.
Effective reporting that provides stakeholders with a one-stop hub for all things relating to a project with on-demand, real time access to progress tracking.
Issue resolution through a defined framework of repeatable processes that enable ongoing and timely resolution of any issues that could potentially affect the success of the project.
The value of effective project management
- An effective project management approach can help lead to lower costs while achieving greater efficiencies and improved stakeholder satisfaction.
- The objective should be to establish initial and ongoing cross-functional alignment of key sponsors and leaders regarding project goals, resource commitments and ownership of critical responsibilities.
- Effective governance and transparency should also be established to openly manage risks and address issues in a timely manner.
Contact our Project Management specialists or ask your PwC engagement team leaders about Project Management services to learn how we can help your organization effectively manage your strategic deals and accounting transformation projects.
PwC’s Deals practice supports clients through a variety of transformation events where project management is key to a company’s success:
- GAAP / IFRS conversions
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