Firstwaters Managment Services

Management Services

Project management

Before a vision is implemented there needs to be a change project - regardless if it is business or IT driven. Therefore, effective project/change management is key to all those business areas where functional requirements need to be implemented into business and IT processes.

Because most projects involve major changes within the organization, a considerable amount of human and financial resources has to be allocated. 

IT implementation projects are highly complex. The challenges of each project are different and requirements progress over time due to new insights. Therefore there is a high risk that effort estimations have to be reconsidered. In order to manage this kind of complexity, a structural setup of roles, methodology and technics is required.

At Firstwaters, we emphasise on a structured, pragmatic and business-oriented project management. Our consultants are highly qualified and showcase all the necessary skills for effective planning, controlling and reporting for classic and agile project management.

Due to many years of practical experience we also know that change sometimes encounters uncertainty and resistance by internal staff. We have the soft skills and the expertise to deal with these challenges as well.

We provide profound knowledge about all kinds of project management approaches. We favour SCRUM, but will always neutrally advise our clients regarding the selection of the appropriate approach. Eventually, the success of your project is our only aim.

Our services in Project Management include (extract):

  • Management of interdisciplinary expert teams
  • Supervision of complex change processes
  • Support for selecting the appropriate management approach
  • Support the functional requirement management and the technical implementation according to the chosen management approach
  • „State-of-the-art” planning, control and reporting tools
  • Application of both traditional project management methodologies such as waterfall, rational unified process (RUP) and agile frameworks such as SCRUM


A major German bank has assigned Firstwaters with outsourcing of the entire Treasury business, including IT systems and processes to the central processing platform of the international group. In close coordination with the bank’s board of managing directors the joint project between the bank and the international headquarter was set up as an international project. Firstwaters took over the overall project management of the project together with the CIO and CFO of the bank as co-project managers. Other important project roles such as lead business analyst, IT sub-project management or test management were filled by our consultants. The project complexity was reduced through a functional cut of the overall project into several phases and at the same time interim project results were successfully put into production on a regular basis.

With the migration of numerous financial products from Kondor+ to Calypso Front-to-Back, we have modernized and improved the trading and settlement of interest rate and credit derivatives, FX options and OTC equity derivatives for an Austrian banking group. Project management, business analysis, technical analysis, development, test management and migration management were as much part of Firstwaters’ tasks as vendor management. We have responsibly managed, designed and delivered in all areas of Front-to-Back implementation.