PROJECT IMPLEMENTATION METHODOLOGY
Colvir is developing Banking system software and is implementing Banking system projects under the policies of an ISO-9001 based methodology called STEPS/X aiming to ensure that its systems are produced and implemented in a timely manner with consistent quality without compromising flexibility and responsiveness to client needs, in line with its contractual commitments to the client.
Colvir's STEPS/X is a step-by-step, structured approach to planning, implementing, and managing the services required to successfully implement a Banking system project.
PRINCE, which stands for Projects in Controlled Environments, is a project management method covering the organization, management and control of projects. PRINCE was first developed by the Central Computer and Telecommunications Agency (CCTA) now part of the Office of Government Commerce (OGC) in 1989 as a UK Government standard for IT project management.
Since its introduction, PRINCE has become widely used in both the public and private sectors and is now the UK's de facto standard for project management. Although PRINCE was originally developed for the needs of IT projects, the method has also been used on many non-IT projects. The latest version of the method, PRINCE2, is designed to incorporate the requirements of existing users and to enhance the method towards a generic, best practice approach for the management of all types of projects.
The design and development work was undertaken by a consortium of project management specialists, under contract to OGC, and over 150 public and private sector organizations were involved in a Review Panel which provided valuable input and feedback to the consortium.
PRINCE2 is a process-based approach for project management providing an easily tailored and scalable method for the management of all types of projects. Each process is defined with its key inputs and outputs together with the specific objectives to be achieved and activities to be carried out.