Compliance Solutions

Demonstration of compliance to an avalanche of regulation and standards is becoming a significant issue for organisations across many industries. Ever increasing regulation now requires companies to better understand how regulation impacts their organisation and consequently how to demonstrate compliance more effectively. Enterprises need to make compliance with regulation an integral part of every business process so they can rapidly deploy new products to market before their competition. Life sciences, financial services as well as government agencies, are subject to strict regulations that dictate how, when, and under what circumstances information can be authored, updated, approved, published, and archived.

Projects are still challenged

Almost daily we hear of another major project that has been delayed or cancelled resulting in substantial financial escalation or loss. We can all think of major IT and construction projects here in the UK: Wembley Stadium, NHS National Project for IT, Network Rail West Coast Modernisation Project; and other failed IT Projects: Child Support Agency, Passport Office, Inland Revenue, National Air Traffic Services, Department for Work & Pensions, etc, etc,.

It seems that almost any large capital project fails to deliver against expectations. The reasons for this are many and complex; however industry analysts including the Standish Group cite several common factors that significantly contribute to the impairment or failing of projects:

• Inadequate compliance to Project Specifications throughout the Project lifecycle;
• Poor Management of Project requirements
• Poor visibility of qualitative Project information to enable timely and dynamic decision making.

While most project management processes and tools manage time, money and resource (the quantitive elements) very well; project compliance is generally managed extremely inefficiently. Currently many if not most companies rely on manual processes for project compliance that involves a large and complex web of documentation, process, manual intervention and decision-making which must be recorded. The cascade of dependencies resulting from any change must also be traceable and is often poorly handled.