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IT Portfolio Transformation at Asia Commercial Bank (ACB)

ACB

From top Asian bank to modern Fintech – Dragonboat enables ACB’s digital and agile transformation. 

 

The Challenge

Asia Commercial Bank‘s IT department needed a platform for all of their IT portfolio transformation projects, products, and on-prem legacy systems including digital and cloud first.

Their executive leadership committed to the necessary culture changes, expanded their product management team and had their IT engineers complete agile training; however, at a high level, the tasks were daunting with many moving pieces and a lot of ideas and opinions.

In addition to the initiatives to move to the cloud and upgrade technology stacks, the IT department was supporting various requests from internal customers – the business teams.

Previously these internal requests were submitted as tickets captured in their ITSM system. Some of these requests were task based such as turning on access permission for a new hire, but many were feature requests, such as adding new features to their online banking product. The IT department was facing large inbound requests that were beyond their capacity.

Additionally, since the feature requests were coming in from multiple sources, handling these requests individually did not enable holistic designs for customer experience nor scalable platforms for reusable code.

The IT leaders needed the right tool to strategize, align, execute and iterate on initiatives for all of its product and project portfolios.

After assessing several PPM tools and ITSM tools, the team chose Dragonboat, a Responsive Portfolio Product platform, to be part of its overall tool stack integrated with their existing team tool (Jira) and various reporting systems.

“Transformation requires tools built for the new way of working. Traditional tools are built upon traditional methodologies that the transformation is meant to change. Dragonboat is built to enable the product portfolio best practices adopted in the most innovative companies in the Silicon Valley.”

– Chief Information Officer, ACB

The Solution – Dragonboat as Mission Control for IT Portfolio Transformation

With Dragonboat as the main mission control, the IT portfolio transformation goals are aligned along with strategies and execution for internal and external stakeholders and the agile teams.

First, the teams started with building the dimensions (aka buckets) of their IT portfolios. The roadmaps represent the areas of changes, the transformational goals represent the type of outcomes, and the themes reflect the type of initiatives. These dimensions help the IT leaders and their stakeholders evaluate opportunities from business, customer, and organization perspectives and allocate resources accordingly. Based on the progress and outcome, leaders adjust allocations over time to prioritize holistically across the portfolio.

As new requests or ideas come up, they are put into these portfolio buckets for prioritization. Requests in the same buckets can be quantitatively prioritized against one another. Once a roadmap is in motion, when a new request comes in, the leads can easily see what other initiatives the team is working on and model out trade-off scenarios to decide whether or not to add the new request with minimal impact to the current roadmap.

Being able to see requests from different business teams in one product area helps the IT department design a more holistic user experience, as well as launch new features in a coordinated way together with the go-to-market teams.

In addition to planning and tracking feature requests from the business units, Dragonboat is also their source of truth to track all IT sponsored technology roadmaps, many of which are carried out by other vendors.

Through the Dragonboat expert team, the bank’s entire product and IT leadership team took the Responsive Product Portfolio Management (Responsive PPM) essential training and certification to expand their knowledge of becoming agile leaders and running a responsive organization.

Each individual team uses Dragonboat to manage their own roadmaps. They also have easy visibility across the portfolio. Visibility via Dragonboat helps the teams to break the silos between agile teams and facilitates collaboration, which is essential in spotting potential dependencies and impacts from one area to another.

With Dragonboat, the IT department can easily create various dashboards and reports for their stakeholders. The culture of transparency and alignment is further enforced when the teams use Dragonboat to create dashboards for their Board of Directors on the state of the IT portfolio transformation goals and progress.

“Agility relies on the speed and quality of information needed for decisions. Dragonboat is our Mission Control providing transparency for managers and executives on what’s happening on the ground. So they can make better decisions when changes or new ideas come up. We now have half of the meetings we used to have and everyone is better informed than ever before.”

– Lead IT Product Manager, ACB

The Key Takeaway

IT portfolio transformation is not a one-time event. Every organization is continuously transforming how to complete work and what products to build. Dragonboat enables a flexible structure that adapts to the evolution of team structures and strategic goals.

The CIO and their leadership teams, as well as their stakeholders, now have a platform to tie everything together – from prioritization, to resource and release planning, to progress visibility, and stakeholder communication.

“In addition to having an easy-to-use platform, the webinars from the Dragonboat team are forward-thinking and invaluable for our continued improvements on building products and servicing our customers.”

– Lead IT Product Manager, ACB

acb

PROFILE:
ACB is a top bank headquartered in Vietnam. Its 10,000+ employees provide a full suite of banking, lending and investment products to millions of individual and business customers.

The ACB’s IT organization led by the CIO is responsible for both internal applications, and the digital product suite for its customers. These products include online banking, mobile banking, and many underlying platforms.

To keep up with the rapidly evolving needs of ACB’s customers and businesses, the CIO brought sweeping changes to all aspects of their operations, including moving to the cloud, adopting agile development, and transforming from a ticketing / project based approach to a customer focused product portfolio approach.

INDUSTRY:
Financial Services

EMPLOYEES:
10,000+

REASON FOR USING DRAGONBOAT:
IT portfolio management, align transformation goals, strategies, and execution, roadmap visibility & planning, trade-off analysis, dependency management, integration with Jira

PRIMARY DRAGONBOAT USERS:
IT department, executive leadership, product management, engineering, stakeholders

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Dragonboat is the fastest growing product portfolio platform for outcome-focused teams to strategize, prioritize, plan and deliver products that drive business results. With Dragonboat, product teams can connect OKRs, customer insights, and product initiatives in one source of truth PPM platform.
SIGN UP
Dragonboat is the fastest growing product portfolio platform for outcome-focused teams to strategize, prioritize, plan and deliver products that drive business results. With Dragonboat, product teams can connect OKRs, customer insights, and product initiatives in one source of truth PPM platform.

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