How Agile is your legacy financial organisation?
Legacy financial organisations (viz. BFSI – Banking, Financial Services and Insurance enterprises) operate in a regulatory and high-risk environment. This session discusses some of the organisational dysfunctions such companies experience during their Agile transformational journey.
The session will help you understand and empathize with such dysfunctions and some possible mitigation patterns. Sample dysfunctions below:
- There are multiple middle management layers which are redundant and mostly resistant to change.
- Huge upfront planning and big-bang delivery model is practiced.
- Rewards and Recognition of individual performances still exists.
- Command and Control mode of working still exists. For example, Scrum teams do not have the liberty to conduct Retrospectives.
- Business teams are not aligned with IT teams.
The speakers’ experience is accumulated over the years while working with multiple and large financial organisations across the globe.
Outline/structure of the Session
This session discusses patterns emerged from real experiences delivered in workshop style. My experiences of transformation at large and legacy financial enterprises combined with the participants’ experiences will be collectively brainstormed in a workshop format. This will also promote discovery of some of the topics unexplored in the industry today such as Agile in regulatory environment, Agile in bureaucratic organisations etc. There will be no or very few slides with more images than text thus triggering interactions rather than a one-way talk.
The overall session delivery will be based on ‘Brain Science Learning’ to create higher impact. 'Training from Back of the Room' techniques will be used to facilitate the workshop, so that the participants have real takeaways so that they can apply in their transformations.
- Challenges faced by legacy financial organisations during Agile transformations.
- What are the options to mitigate such challenges?
- Some case studies on how Fortune 500 organisations have emerged successful.
- A leader's perspective in a legacy organisational transformation.
Team members, Project Managers, Program Managers, Senior Leaders, Agile coaches, Scrum Masters, Program Executives, PMO, any curious member of the organisation.
Nice to do but not mandatory: Interested participants can record responses to the following questions and bring to the session (This technique is called Scavenger Hunt):
- List down one financial enterprise which went through Agile transformation in last couple of years. (If data is confidential, then just write down indicative details such as country of enterprise, domain of business etc. Eg. Top retail bank in USA).
- Are you a member of the transformation journey? (Yes/No)
- List down one dysfunction you observed during the transformation.
schedule Submitted 3 weeks ago
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