Less than half of organizations consistently report high strategic alignment in their project management practices despite established research linking business success to strategic alignment in projects. Regulatory implementation programs, in particular, are susceptible to being operationally (as opposed to strategically) managed with the sole focus on “getting the job done”. This is due to the perception that these programs are a cost burden to financial institutions with limited contribution to value creation. A decade of responding to increased regulatory scrutiny globally has nevertheless spurred commercial interest in project management frameworks that are tied to business strategy. This presentation examines the adoption of a strategy-driven approach in an implementation program of Markets in Financial Instruments Directive (MiFID) 2 in Asia Pacific; assesses the efficacy of this approach towards program success and; highlights the implications for future regulatory programs.
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