Curbing Loss-Making Projects through the Project Risk Committee
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As for the other activities, of the 2 projects requiring additional work in SI development related to electronic contract services, work on 1 has effectively been brought to a close, although discussions with the customer remain, while work on the other will continue after agreeing on a rescheduled timetable with the customer. The necessary provisions for both projects have been recognized, minimizing their impact on the following fiscal year.」
For the 2 projects requiring additional work, the company brought work to a close, rescheduled the other project and recognized provisions, describing measures to minimize the impact on the following fiscal year. - FY2024RestatedAnnual report
「Through the following initiatives to strengthen project management, we will work to contain unprofitable projects and improve profitability and customer satisfaction.・Conduct project reviews at each key phase of the development process for projects above a certain scale・Have the quality management department oversee all aspects of project development, including feasibility verification, progress management, quality management and risk management・Strengthen reviews by the quality management department from the order-taking stage to identify risks early and ensure rigorous quality and project management・Develop project managers・Strengthen relationships with partner companies・Strengthen customer negotiation capabilities」
Measures to prevent recurrence, including project reviews, management by the quality management department from the order-taking stage, development of project managers and reinforcement of relationships with partner companies, are continuing. - FY2023RestatedAnnual report
「We will ensure quality and project management by strengthening reviews by the quality management department, while also strengthening project management, developing project managers and reinforcing relationships with partner companies, thereby taking thorough measures to prevent recurrence.」
Measures to prevent recurrence, including stronger quality management reviews in response to the unprofitable projects, development of project managers and reinforcement of relationships with partner companies, are continuing. - FY2023-Q3Expansion of Measures to Prevent RecurrenceAnnual report
「We will ensure quality and project management by strengthening reviews by the quality management department, while also strengthening project management, developing project managers and reinforcing relationships with partner companies, thereby taking thorough measures to prevent recurrence.」
In response to the unprofitable projects, the company has newly specified concrete measures to prevent recurrence, including stronger reviews by the quality management department, development of project managers and reinforcement of relationships with partner companies. - FY2023-Q2AdvancedAnnual report
「However, as a large contract project moved from the basic design phase to the detailed design phase, we conducted a reassessment in accordance with our project management rules and strengthened the development structure. As a result, for business systems development overall, revenue increased substantially, but profit remained only marginally higher.」
For the large contract project, a reassessment was conducted in accordance with the project management rules when the project moved to the next phase, and the development structure was strengthened. - FY2020AdvancedAnnual report
「As part of our efforts to contain unprofitable projects, we will hold meetings of the Project Risk Committee, which conducts project reviews at each key phase of the development process for projects above a certain scale, and work to identify risks at an early stage, contain unprofitable projects and continuously improve quality. We will also establish and operate a Project Management Promotion Department to oversee all aspects of project development, including feasibility verification, progress management, quality management and risk management, with the aim of improving profitability and customer satisfaction.」
In addition to the existing Project Risk Committee, the company has established and operates a Project Management Promotion Department, clearly defining a structure overseeing feasibility, progress, quality and risk management. - FY2019RestatedAnnual report
「As part of our efforts to contain unprofitable projects, we will hold meetings of the Project Risk Committee, which conducts project reviews at each key phase of the development process for projects above a certain scale, and work to identify risks at an early stage, contain unprofitable projects and continuously improve quality.」
Reviews at each key phase by the Project Risk Committee are continuing. - FY2018RestatedAnnual report
「As part of our efforts to contain unprofitable projects, we will hold meetings of the Project Risk Committee, which conducts project reviews at each key phase of the development process for projects above a certain scale, and work to identify risks at an early stage, contain unprofitable projects and continuously improve quality.」
Reviews at each key phase by the Project Risk Committee are continuing. - FY2017RestatedAnnual report
「As part of our efforts to contain unprofitable projects, we will hold meetings of the Project Risk Committee, which conducts project reviews at each key phase of the development process for projects above a certain scale, and work to identify risks at an early stage, contain unprofitable projects and continuously improve quality.」
The Project Risk Committee continues to conduct reviews at each key phase for projects above a certain scale. - FY2016First statedAnnual report
「We will establish and operate a Project Risk Committee to conduct project reviews at each key phase of the development process for projects above a certain scale, thereby working to identify risks at an early stage, contain unprofitable projects and continuously improve quality.」
The company clearly identifies a management body that conducts project reviews at each key phase.