Global investment bank · Corporate real estate
Building governance for a $1bn global capital portfolio
A globally consistent way to track and report capital projects, with independent, data-driven KPI tracking that gave leaders a clear view of spend, project status and vendor performance for the first time.
- Portfolio scale
- $1bn capital portfolio
- Coverage
- Americas, EMEA and Asia Pacific
- Benefits realised
- Clearer visibility of spend and status, with independent, data-driven vendor performance oversight
The challenge
The client’s capital projects operated across geographies with inconsistent delivery standards and no consistent global control or audit process. Leadership needed a reliable portfolio view, while delivery teams needed a common set of requirements for taking projects from investment planning through to operation.
The remit was to build the function from scratch: define the framework, establish the team and embed it across regions. The work had to connect departments as well as individual project stages.
The work
Influence senior stakeholders and align delivery teams
Advised senior client leadership and aligned regional teams, internal departments and external delivery partners around the governance requirements. This required influence beyond direct line management: using evidence to challenge performance, agree responsibilities and secure action from vendors and colleagues outside the reporting line.
Connect the full project lifecycle
Designed the governance and assurance framework across Transactions, Projects and Operations. Policies, control points and stage gates set out the requirements for progressing work. Departmental handovers were defined and formally accepted, making responsibility explicit as projects moved between teams.
Establish a common capital planning cycle
Designed the process from regional data capture and validation through to stakeholder review. The capital plan brought scope, budgets, timelines, risk, quality and interdependencies together with resource requirements. This gave visibility of when project managers and other support would be needed, supporting procurement and administration planning.
Build the team and reporting capability
Established and led a team of regional governance leads, a data and process manager and a global cost lead. Introduced dashboards and reports for senior leadership, with reporting reaching Board level, and operated stage gate assurance to check that projects met the required standard before progressing.
Provide independent performance oversight
Established independent, data-driven KPI tracking across global project management vendors, applying a consistent basis for assessment and reporting across regions. Reported the findings to senior client management. The same scrutiny applied to the organisation providing the governance service as to other providers.
Connect processes and systems
Led the capital projects contribution to a wider PMIS and business change programme, covering processes, workflows, reporting requirements and outputs. Began developing the audit control capability alongside the governance framework.
Benefits realised
- A common governance baseline replaced inconsistent regional approaches.
- Senior stakeholders and regional teams had a shared evidence base for discussing performance, responsibilities and required action.
- A globally consistent approach to tracking and reporting gave senior leaders a consolidated view of spend and project status across the portfolio.
- For the first time, independent, data-driven KPI tracking made differences in vendor performance visible on a consistent global basis. It exposed underperformance and gave leadership evidence to challenge it.
- Clear, formally accepted handovers connected Transactions, Projects and Operations.
- The framework became the baseline for the client’s internal Corporate Services Centre of Excellence, supporting global rollout.