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OUR EXPERTISE

Change from within

THE PGI PROMISE: A 7-step process


The Idea Development Loop

Our approach consists of three phases

Phase 1: Prepare the Project

  • We help you select the project team and we jointly develop the financial Point-of-Departure needed to measure progress.

Phase 2: Develop Opportunities in 100 Days

  • Develop Ideas: Line managers know instinctively where the company's problems lie and where to look for opportunities. PGI works with the different teams to analyze problems, elicit ideas and perform analyses.
  • Determine Earnings Impact and Risks: The financial impact of all ideas will be determined in a precise and standardized way. All the risks associated with an idea will also be examined: operational risk, IT and implementation risk, customer and employee impact risk, legal, etc.
  • Review with Executives: The different groups discuss their ideas with the Executive Team, which provides feedback and guidance.
  • Build Consensus: Based on the analysis and the feedback received, the teams rework their ideas to reduce the risk until consensus has been reached and the best solution crystallizes.
  • The key activities make up the "Idea Development Loop" and are repeated several times over the 100 days.

Phase 3: Implementation

  • Agreement on Final Performance Improvement Actions: During the last review, the Executive Teams makes the final decision about whether an idea will be implemented or not. The resulting Performance Improvement Plan is a list of projects ready for implementation.
  • Implement Plan: While the most difficult part of the project is the generation of new ideas, the most important part is obviously the implementation of these ideas. Since the managers who helped develop the plan are also responsible for its implementation, success is guaranteed.

 

 

 


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