Globally, both the private and public sectors are now focusing on the implementation of their short term and long term strategies in order to meet their goals and sustain in this digital age considering the market and economic uncertainty. The private sectors or businesses are also concerned about their competitiveness and market capitalization and challenged by cashflow, technology disruptions, lack of investment and oversight, while implementing their strategies. This implementation entails planning and execution of complex programs and projects that would need to be measured, monitored and acted upon on an ongoing basis to keep them on track and get the desired outcome. Alongside, the business community have to keep pace with the complex regulatory environment that is undergoing changes with the growing complexity in cross-border business ecosystem.
There is now an increased pressure on the stakeholders to fully deliver big, complex, transformational strategies successfully within the allocated budget and demonstrating maximum outcome with optimum utilization. At the same time, they need to gain timely and adequate support and oversight on technology intervention, risk management, zero or minimal cost and time overrun so as to deliver the expected benefits.