Yielded ROI Of 4x and saw Productivity Increase of 15% in the First Year

The Challenge

• Replacing two mission-critical, investment management and trading applications, managing more than $3.5 trillion worth of investments.
• Development of the legacy applications was 7+ years. Development team had to replace and enhance the functionality in 14 months.
• Project requirements were set only at a high level, constant shifts in business priorities.
• Requirement changes were a linear process involving three teams, multiple loops and possible communication gaps.
• Team members were new to Agile, the project was both fixed-price and fixed-time.

Customer was familiar with the Waterfall methodology and skeptical of Agile delivery.

• Teams were geographically separated across five locations spanning three time zones.

How did Mingle help?

• Mingle required little training — the techies, business stakeholders and even the end-user all adapted quickly.
• Mingle simplified the cumbersome chore of project reporting and process governance.
• Customers themselves would make changes to requirements on the fly.
• Provided a framework to implement Agile best practices, while still flexibly adapting to workflows.

The Results

Results speak louder than words:

• Project saved over 300 hours of analysis during requirements gathering sessions
• Yielded ROI of 4x.
• Productivity increase of 15% in the first year.
• Successfully delivered on their very first Agile project with a distributed team.

Read the full Sungard Case Study (PDF)