ORGANIZATIONAL PROFILE P.1 Organizational Description
that defies complacency and forever seeks improvement. As Rich states: “Culture and quality have been, are, and will remain our highest priorities.” P.1a Organizational Environment P.1a(1) Product Offerings To better describe the Company’s capabilities to our markets, IPM has established service lines ( Figure P.1-1 ). Focusing on selected service areas has enabled the Company to establish and grow strong foundations of knowledge in disciplines highly valued within the industries we serve. While a significant part of our business is within the Life Sciences sector, our strategy includes a priority to further diversify by creating inroads into our other markets and evolving new capabilities.
Recognizing a pressing need across industries for excellence in project execution, C. Richard (Rich) Panico founded Integrated Project Management Company, Inc. (IPM) in 1988, making it the first company in the U.S. dedicated to professional Project Management (PM). During his tenure as an executive of a Fortune 500 consumer products company, Rich realized that many companies struggled to execute their strategies reliably and efficiently. While most business consultancies helped organizations develop solutions and strategies, few focused on ensuring execution, and without the ability to execute, even the most well-crafted strategy produces no value. Rich believed that a values-based, ethical company dedicated to reliable planning and execution would be a sought-after resource, which proved to be correct. Rich’s overriding goal was to build a company with an extraordinarily motivating culture based on a foundation of honesty, integrity, and ethical precepts. The Company has consistently adhered to these principles throughout our history. IPM is a privately held business consulting company, providing exceptional leadership to transform strategies and solutions to sustainable results. IPM has offices in Chicago, Boston, Los Angeles, Minneapolis, San Francisco, St. Louis, and Parsippany, NJ, and provides services to a wide range of industries, including the Life Sciences, Healthcare, Consumer Products, and Industrial sectors. IPM tailors our well- established and continually evolving practices to address each client’s unique requirements. Over the past 30 years, IPM has served over 400 clients, led more than 4,000 projects, and continues to experience growth, financial success, and an impeccable professional reputation. IPM’s longevity depends on our ability to provide solutions and reliably plan and execute critical initiatives for our clients while continually evolving our business model, capabilities, and position in the market. IPM applies process, discipline, and leadership to ensure delivery of our high-quality services. Through diligent fiscal planning and management, the Company retains a very strong cash position and reserves. IPM has maintained negligible debt and has been completely debt free since 2009. This approach has underwritten our aggressive strategy for organic growth. IPM’s most impactful competitive advantages are our culture, consistently high-quality services, and our family members (employees). A thriving and sustaining values-based culture is a significant competitive advantage, as it cannot be purchased and takes years to establish. Since day one, our culture has received constant attention − it is protected, promoted, and repeatedly validated. We are obsessed with consistently operating in accordance with Our Fundamental Values (FV) and Our Mission & Beliefs (M&B) . The principles and responsibilities identified within these documents govern our relationships and interactions both internally and externally. Consistent high quality is the bedrock of our individual and collective performance. In IPM’s world, quality is a passion
Figure P.1-1 IPM Service Line Overview In support of the Company’s growth and diversification objectives, IPM has developed Centers of Excellence (CoEs) focused on various service lines. The CoEs were created to establish deeper subject matter expertise in specific areas representing significant market needs and opportunities. The CoE model provides structure, centralized knowledge, and dedicated employees within a specialty area, imparting resources, information, tools, examples, templates, and training materials to prepare our project management consultants (PMCs) for those engagements. The CoEs are continuously enhanced through lessons learned from project experiences and research. The CoEs were created in 2014, and since 2016, oversight of them has been provided by a director and a governance structure. As part of the 2018–19 Strategic Plan, the CoEs were integrated into the newly established Discovery & Development Department, providing greater structure to evolving new capabilities and services. Each CoE is staffed by employees with a keen interest and career passion in that subject matter area. IPM currently has five CoEs: Project Portfolio Management (PPM), Mergers and Acquisitions (M&A), Business Technology (BT), Regulatory & Quality, and Change Management.
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