Standard Chartered Bank (SCB) is using The Program Management Group's Hydra system to support a major change programme, entailing the migration and development of its global IT processing hub to India.
The Hydra project management suite has been installed to improve the bank's planning and execution of multiple, technical projects involved in the establishment of the Chennai back office processing hub.
Already established as a "central processing hub" for SCB's back office functions, Chennai is home to 10 per cent of SCB's employees. This latest development will see the migration of software staff to India with a major skills transfer programme already in progress.
To date, over 40 software staff have started to use PMG’s Hydra system to plan development programmes, manage project workload, and monitor project progress. The package allows users in multiple SCB locations to co-operate and interact with each other irrespective of time zone or geographical location.