A look back at the PMI event: Creating high-performing teams for your projects, February 8

Lively exchange, interesting topics and inspiring conversations at the event held by the Project Management Institute (PMI) and PwC Switzerland

Human capital research has given us some interesting insights over the last 30 years. Did you know, for example, that undermined motivation probably has a larger effect on productivity and quality than any other factor? And that after motivation, probably the largest influencer of productivity is the individual capabilities of members of a team or the working relationships among them? These and other facts have been discussed yesterday at the event on the subject “Creating high-performing teams for your projects”.

The interactive presentation has drawn on experience with building high-performing teams for IT projects, nationally and internationally. Attendees got insights into how to build teams that make the grade, what roles need to be included, and what factors influence behaviour and motivation.

We would like to say thank you to all attendees, colleagues, PMI and especially to our speaker Maarten Broekhuizen, senior manager in the Transformation Assurance division at PwC Netherlands, and would be delighted to have the pleasure of your company again soon.

About the next event: Artificial Intelligence & Project Management: Beyond human imagination!

Around 200 years ago the industrial revolution changed society for good. Today another revolution is under way, with potentially even farther-reaching consequences.

Artificial intelligence (AI) in industry, experts are predicting, will change everything about the way we produce, manufacture and deliver. Cognitive computing, machine learning, natural language processing – different terms have emerged as the technology has progressed in recent years. What they all encapsulate is the idea that machines could one day be taught to learn how to adapt by themselves, rather than having to be spoon-fed every instruction for every eventuality. Now, according to many, that day has arrived. AI will change the world.

Date: Thursday, April 12, 2018 from 6:00 PM to 9:30 PM (CEST)
Location: Geneva, Switzerland.

Registration

Contact

Marc Lahmann
Director and Leader Transformation Assurance
+41 58 792 27 99
marc.lahmann@ch.pwc.com

Manuel Probst
Senior Manager Transformation Assurance
+41 58 792 27 62
manuel.probst@ch.pwc.com

 

Cut costs and grow stronger – Join our Fit for Growth Event

You don’t need us to tell you how tough it is to cover your costs in today’s global, digitally disintermediated financial services market, never mind post healthy profits.

What we can offer you is a proven approach to enable you to grow stronger and achieve healthy, lasting profitability.
 
We call this approach Fit for Growth, and it has already helped some of the world’s most prominent players get in shape to compete and flourish.

We’d like to invite you to join us and peers from the financial services industry for an evening on our Fit for Growth approach on Thursday, 1 February 2018. Basically you’ll find out how to grow stronger by making deliberate, holistic choices on where to invest in new cost-cutting technologies and where to cut costs, and in particular

  • how to focus on the unique differentiating capabilities
  • how to align your cost structure around ‘good’ and ‘bad’ costs and redistribute costs to create room to invest in differentiation and innovation
  • how artificial intelligence and other digital technologies will help you achieve these goals.

We’ll be starting the evening with a brief introduction to cost-cutting with our Fit for Growth framework, followed by a keynote speech from PwC’s European Data & Analytics Advisory Leader Christian Kirschniak on how data analytics and artificial intelligence can help you achieve these goals.

This evening will be well worth your while. We look forward to seeing you on 1 February!

Click here to register online

Please note that seats are limited.

Date and Time
Thursday, 1 February, 2018
18:00 – 19:30, followed by an apéro

Venue
Savoy Baur en Ville
Poststrasse 12
8001 Zürich

This time our new Fit for Growth* Event addresses mainly the financial service industry. In our next events we will cover other industries as well.

Contact
Utz Helmuth
Strategy&
+41 77 409 4571
utz.helmuth@strategyand.ch.pwc.com

*Fit for Growth is a registered service mark of PwC Strategy& LLC in the United States.

Creating high-performing teams for your projects

An event by PMI Switzerland Chapter and PwC Switzerland

Human capital research has given us some interesting insights over the last 30 years. Did you know, for example, that undermined motivation probably has a larger effect on productivity and quality than any other factor? And that after motivation, probably the largest influencer of productivity is the individual capabilities of members of a team or the working relationships among them?

This interactive presentation draws on experience with building high-performing teams for IT projects, nationally and internationally. You’ll get insights into how to build teams that make the grade, what roles need to be included, and what factors influence behaviour and motivation. And you’ll find out what happiness and grit could possibly have to do with the success of a project.

About our speaker:

Maarten Broekhuizen is a senior manager in the Transformation Assurance division at PwC Netherlands. He has more than 10 years’ experience in advising firms on IT and business transformation challenges and troubled projects in the Netherlands, Europe, the US and South America. Maarten has a master’s in business administration and information management. One of the questions that has run through his career has been why some project teams are more successful than others. He looks forward to sharing his experience helping you create your own high-performing team for your project(s).

Agenda

  • 18:00 Registration
  • 18.30 Presentation
  • 19:30 Q&A
  • 20:00 Networking Apéro

Event Language: English

Professional Development Units: 2

  • 0.5 Leadership
  • 1.0 Strategic & Business Management
  • 0.5 Technical Project Management

Please be aware that at the event photos of the audience are made and published on the PMI Switzerland Chapter homepage as well as on Facebook. The event may also be live broadcasted over Facebook. With your attendance you accept these conditions.

Event fee discounts
If your are PMI-CH member, please log in with your PMI-CH member account at www.pmi-switzerland.ch and enter the event from there in order to benefit from the membership discount.

Cancellation policy
100% refund is possible for a ticket if cancelled 5 days before the event.

Registration

Contact

Marc Lahmann
Director and Leader Transformation Assurance
+41 58 792 27 99
marc.lahmann@ch.pwc.com

Manuel Probst
Senior Manager Transformation Assurance
+41 58 792 27 62
manuel.probst@ch.pwc.com

 

China Economic Quarterly November 2017

Overall 2017 economy likely to outperform market expectations, despite moderately slower growth in third quarter.

This latest issue of China Economic Quarterly, which provides analysis of major economic data points in China for Q3 2017, summarises main policy developments and discusses hot topics of interest. In the third quarter, China’s GDP growth slowed slightly as expected to 6.8%, partly due to the government’s efforts to rein in property investment and debt risks.

Here are some highlights of the macro economic and policy updates:

  • The economic growth rate in 2017 is likely to demonstrate a better performance than that of 2016 and beat the market expectation of 6.7% thanks to the strong contribution from the service sectors.
  • The International Monetary Fund (IMF) has upgraded its economic forecast for China to 6.8% and 6.5% for 2017 and 2018 respectively. This is the fourth time this year that the IMF has upgraded China’s economic forecast.
  • As the national and local governments step up their restrictive policies to further curb speculation, property sales might decrease in the fourth quarter and next year.
  • China’s imports and exports had the best performance amongst all major economic indicators, thanks to the moderate recovery of global economy and fairly strong domestic demand.
  • China will step up efforts to protect the legal rights and interests of entrepreneurs, strengthen protection of intellectual property rights (IPR), fight against monopolies, unfair competition practices and regional protectionism, and remove regulations that undermine fair competition.

Download full report

 

To read more, you can access the latest issue of China Economic Quarterly by clicking the following links:

China:           www.pwccn.com/ceq
Hong Kong:  www.pwchk.com/ceq

Rescuing struggling projects

When managing the project recovery process it’s crucial to avoid taking action for action’s sake, treating the situation as a fire drill, or only addressing the superficial symptoms rather than the real underlying issues. You have to take a structured approach, starting with stabilising the project on the basis of the visible symptoms, and going on to do an in-depth root cause analysis as the basis for defining a recovery plan. This will help the project move beyond mere survival to achieve a sustainable solution in the long term.

Move beyond mere survival to find a sustainable path to recovery

Businesses today are facing challenges like never before which is driving an increased demand for transformation projects, each one more complex than the last. Over half of projects fail completely or exceed their budget significantly. It is no longer about if a project struggles, but when. Is your project is in trouble? What will it take to rescue it for the long-term? Read more …

Contact

Marc Lahmann
Director and Leader Transformation Assurance
+41 58 792 27 99
marc.lahmann@ch.pwc.com

Manuel Probst
Assurance Senior Manager
+41 58 792 27 62
manuel.probst@ch.pwc.com

Sports – the most disrupted of all industries?

Today, we published the 2017 edition of PwC’s Sports Survey, an annual publication launched last year with the aim of measuring the pulse of the sports industry.

We asked a wide variety of sports industry leaders about the challenges and disruptive forces that are prevalent today. Our key findings back up the view that sports may well be one of the most disrupted industries out there…

Hot growth rates cooling off?

While industry leaders expect the sector to continue to grow, they believe annual growth rates will slow down from 8 to 6.4% over the next three to five years. This confirms that the sports industry is reaching a decisive inflection point, where sustained growth may well be the privilege of a few premium properties in the future.
These growth rates need to be taken with a pinch of salt, however, as they reflect the respondents’ subjective viewpoints. Historically, the sports industry has grown between 3-5% year on year. Nevertheless, the message is loud and clear: sports leaders no longer have sky-high confidence in the industry’s continued growth.

Changing habits, increased competition

More generally, 57% of respondents consider the shift in consumer behaviour among younger generations as the top threat faced by the industry. This comes as no surprise given how media is mostly being consumed nowadays, i.e. via mobile and on demand. In this “new” paradigm, sport finds itself in competition with an increasing number of alternative entertainment formats.

eSports on the rise

When looking at specific properties, eSports is seen as a key growth area, ranking as the second highest in terms of forecasted growth potential after football. This backs up the recent hype surrounding this format, which is ideally packaged for commercialisation among millennials.

Olympics facing challenges

The Olympic Games and winter sports, on the other hand, are showing signs of slipping down the appeal rankings of global sports properties. This is also evidenced by their apparent decline in TV ratings, especially among the younger population.
In the case of the Olympics, for example, NBC reported a 17% decline in ratings for primetime coverage of Rio 2016 compared to London 2012, with a steep decline of 25% among the all-important segment of adults aged 18–49.

VR here to stay

68% of respondents believe it to be only a question of time before virtual reality (VR) will have an impact on traditional TV broadcasting, thereby enhancing the sports viewing experience. Nevertheless, respondents expressed that further technological advances are needed if VR and AR are to reach their full potential in this regard.

To read more about the above findings, among others, click on the below link to download an electronic copy of the report, which includes deep dive features on the future of the sports rights market, wearable and sensor technology, and virtual and augmented reality. Happy reading!

Download survey

 

Contacts

David Dellea
Advisory Director
Tel. +41 58 792 2406
david.dellea@ch.pwc.com

Lefteris Coroyannakis
Senior Associate
Tel. +41 58 792 1578
lefteris.coroyannakis@ch.pwc.com

How SAP’s release 17/09 (S/4 HANA) will affect the authorization management

In September 2017, SAP released the latest S/4 HANA version 1709. While such a new release is more than just a technical upgrade, our GRC technology team analysed the influence of the new release on authorization management.

Generally speaking, the analysis revealed that there are two changes of technology compared to previous versions as Fiori 2.0 and HANA 2.0 is required. Additionally, it could be seen that SAP continuous the move of functionality into the core and more and more using Fiori as UI. This means, that the complexity of cross-system authorization management is reducing (e.g. CRM and GTS integration into core system) but increase the importance and criticality of authorization management with Fiori.

Authorization Architecture

Speaking about the authorization architecture, there is not much change with release 1709 expected. There are clearly some changes regarding functionality such as application transactions / apps with 1709 or changes coming along with HANA 2.0. Nevertheless, the architecture itself compared to 1610 or 1511 did not changed significantly. A SAP user will need to have a user master record on Fiori level as well as on the application level S/4 HANA to get access to the functionality. Some of the new apps make use of CDS views where the data is streamed to the end user directly from the HANA database, while the authentication as well as the authorization checks is performed by the application layer.

 

Read the full article

 

Contacts

Dominik Götz
Senior Manager GRC Technology
dominik.goetz@ch.pwc.com
+41 58 792 28 93

Thomas Kümmerle
Manager GRC Technology
thomas.kuemmerle@ch.pwc.com
+41 58 792 17 08

Erik Trouillet
Manager GRC Technology
erik.trouillet@ch.pwc.com
+41 58 792 23 64

Is the (re)insurance industry fit for growth?

As disruption mounts, insurers and reinsurers are facing huge strategic challenges in maintaining competitiveness, driving change and delivering all-important growth. Perceived wisdom has been that these are mutually exclusive goals, but in this report PwC Strategy& sets out why they can coexist if organisations are committed to being fit for growth

The industry will undergo significant, disruptive change
The insurance industry globally continues to be the most disrupted of any sector3. In our work with (re)insurers, we’ve noticed anxiety about
the technological changes coming from current competitors, start-ups, and Silicon Valley that are reshaping the industry. When asked them
what posed the greatest threat to their operating models, the most popular response (44% of all Fit for growth survey respondents), was “market disruption or the use of new technology.” Second on the list was “changing customer needs and offerings from new market entrants” (24%). These responses outweighed concerns about lack of customer insight, availability of talent, regulatory change, and the economic environment combined.

Need to grow
Most companies know that growth is critical to long-term success. Most are somewhat or very confident in their ability to grow, with many having growth targets that far outpace those being achieved in the industry as a whole. We therefore expect there to be haves and havenots. The haves include companies that believe they can outperform competitors through better execution of the tried-and-true strategies that are common in the industry. We expect have-nots to have the self-awareness to know that they are not out in front of the market and are therefore waiting for the storm to pass. As we expected, not all carriers are pursuing growth at all costs. Only 30% of FFG survey respondents said that top line growth was their primary strategic focus. However, only 9% were willing to admit that growth was of minimal focus, while the remaining 60% of carriers took a more balanced view.

Download Full Report

Fit for Growth: A Guide to Strategic Cost Cutting, Restructuring, and Renewal

Fit for Growth is a unique approach to business transformation that connects strategy with cost management and organization restructuring. Drawing on decades of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth.

This short video helps illustrate some of the key themes in the book, and takes a light-hearted look at the question: “how do you cut costs in your organization to prepare for growth?”

For more information, check out Fit For Growth, by Vinay Couto, Deniz Calgar, and John Plansky. Wiley, 2017.

Learn more: http://www.strategyand.pwc.com/ffgbook

China Economic and Policy Updates Q2 2017

Here are some highlights of the macro economic and policy updates:

  • Services and consumption continued to be notable drivers of economic growth while fixed asset investment growth continued to decline.
  • The International Monetary Fund (IMF) has upgraded its economic forecast for China to 6.7% and 6.4% for 2017 and 2018 respectively. This is the third time this year that the IMF has upgraded China’s economic forecast.
  • Chinese regulators have expressed concerns about overseas acquisitions by Chinese firms in certain sectors, underlining the government’s new drive to rein in offshore spending by some of the country’s biggest companies.
  • China’s ballooning debt, while a concern, is primarily domestic in nature. Yet, it is unlikely to lead to a financial crisis as the Chinese government has significant fiscal buffer to keep things under control.

Download Full Report

To read more of our latest articles from China Economic Quarterly:

Click Here