The Value Add and Outcomes Five-year plan developed and approved by board and stakeholders. Components for submarines were on track and all arrears cleared. Scores improved: Quality 100% (was <50%), Delivery 85% (was 6%), Planning 78% (was 4%). Business transformed and strengthened: H&S regime improved and reports of injury and dangerous occurrences reduced Security Controller function re-established, security systems plus cyber essentials deployment £10m+ investment in Electric Arc furnace replacement plus two state of the art machining centres Replacement ERP system integrated with new Planning & Scheduling tool and Shop Floor data capture system New management team (CEO, COO and CFO) Secured sufficient bank funding. “You can get stuck with a management style that you’ve had for some time, and what Project One has done is bring in a new style and new discipline, I’m sure that myself and the board of directors have learnt from that and will take it forward. The most important aspect here is that we’re doing something different because Project One has brought that style into the company. We have changed and you’ve had a big part to play in that.” CEO
Our Approach Project One’s role evolved from implementing the initial stabilisation plan to driving the creation, approval and implementation of a five- year plan to strengthen the business. In addition, Project One also: Plugged a leadership and management vacuum at the top of the business including CEO, COO and CFO Rapidly established stakeholder confidence and maintained this throughout the assignment Initiated, facilitated and drove a process that provided the business with a vision, strategy and plans that were approved by the Executive, Board and Stakeholders. This built stakeholder and financier confidence enabling the re- negotiation of client contracts (an additional £30+m over what was planned) and being offered a four-year banking facility extension The transformation journey has laid down process and technology foundations that have improved business capability and performance.
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real change • real difference
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