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REVIEW OF THE FAILED HRBASE PROJECT AT THE DEUTCHEBANK. Running head: REVIEW
OF THE FAILED HRBASE PROJECT AT THE DEUTCHEBANK The ...
Submitted by vanhaag on November 11, 2005
Category: Technology
Words: 2617 | Pages: 11
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Running head: REVIEW OF THE FAILED HRBASE PROJECT AT THE DEUTCHEBANK
The Domino effectÂ…
Review of the failed HRbase project at the Deutsche Bank.
E.R. van Haag
Executive Part time MBA International Management
Leiden University School of Management (LUSM)
November 2005
Executive summary
This paper gives a review, of each project stage of the unsuccessful development and implementation process of HRbase at the global working Deutsche Bank with their headquarters in Frankfurt. A variety of matters costed the organisation 600.000 euro without the expected benefits. First of all a lack to organise commitment with the stakeholders is noticed. This is surprising because an external consultant had already warned about the difficult issue of commitment, due to cultural differences. Furthermore, there is no track of control on costs, many organisational obstacles, a variety of local legislations and the quality of the business case and on the other hand, the usage of power by Pohtmann to organise the financials for the project No added value to the business was achieved. These facts give a glance of what went wrong. How can this be prevented in the future? This will be discussed on the basics of strategic alignment, reflecting the project management issues with IT Governance and Prince2 with its Governance project structure. This paper intends to identify the strengths and weaknesses per project stage of the chosen approach of the Deutsche bank. Finally, this will bring the main conclusions and advice over the future of the HRbase and the project approach.
Introduction
A project is successful if the project costs are not exceeding the planned costs, if the project is ready on time and if it meets the expectations of the stakeholders. Reviewing what happened chronologically, beginning with nineteen ninety-nine, the development and implementation process of HRbase.
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