CHAPTER 47

Focus on Financial Services

Mitigating Risk with Transparency in a Regulated Environment

ROBIN MARKLE DUMAS, MBA, SIX SIGMA BLACK BELT, EPMO CONSULTANT

Governance and risk mitigation are critical factors in the project life cycle, and are known drivers of project success.1 Finding a balance between effective oversight and bureaucracy can be challenging for any project leader. But what happens when external stakeholders take a more active role in project oversight? Such is the case in heavily regulated industries. In the financial services sector, for example, regulatory requirements shift continually as a result of the aftermath of the worst market correction since the Great Depression. In order to remain compliant, firms must stay ...

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