Risk management through insight

LODESTAR

The Sourcing Specialists

LODESTAR

The Sourcing Specialists

LODESTAR

The Sourcing Specialists

We can assist you

assess your organisations IT budget estimation capability

Our experience

implementing budget estimation tools and processes, outsourcing governance

Why choose us

a very experienced team with large organisation experience but without the large organisation price tag

Welcome to LODESTAR Advisory Services

Over the past fourteen years, LODESTAR has been helping international and local organisations to do good, balanced outsourcing deals managed through a robust governance structure to prevent value leakage.

For the last five years, we have turned our attention to improving IT budgeting. A quick internet search will show the headline programs and projects that have significantly exceeded their budgets or schedules. In most instances, the budgets and schedules were completely unrealistic. As we investigated the challanges in accurately developing budgets and schedules, we found that while Prince2 and PMBOK talk about establishing the budgets and schedules, they don't explain how to do this in any detail. There does not appear to be any formal training in budget estimation with most people learning on the job and using "expert judgement". An assessment of organisations proficiency and capability will usually indicate that budgeting for programs and projects is done in an ad hoc manner with little discipline or standardised process. In order to make sound business decisions, budget estimates need to be:

Quality and Risk

  • Accurate
  • Credible
  • Timely
  • Comprehensive
  • Replicable
  • Auditable

To achieve this requires, training, tools and processes. LODESTAR can help your organisation and teams improve budget estimation proficiency and maturity.