“The secret of change is to focus all of your energy, not on fighting the old, but on building the new” – Socrates
In a typical PAS Modernization plan, a less risky / less complex line of business is usually scheduled first, followed by more complex lines of business. Every line of business brings its own uniqueness to the mix – underwriting considerations, line of business-specific integrations, business rules, etc. to name a few
In Greenfield implementations, out-of-the-box functionalities are used – configured or built ground up. These implementations are based on what the business needs are and what COTS (Commercial off the Shelf) product(s) offer.
Figure 1: Greenfield COTS PAS Implementation
During Greenfield, every organization begins its PAS planning & implementation journey keeping the bigger picture in mind, thus building for the future. Few months into this journey though, budget constraints, timeline pressures and changed priorities result in a limited, scoped down version of PAS implementation instead of the future-ready version.
By this time, other complex lines of business appear on the horizon, and the Greenfield implementation is now a Brownfield where new boundaries are in place. Let’s call these “Greenfield Capabilities”. A two-dimensional landscape now becomes three-dimensional. This additional dimension introduces the concept of “reusability”, which is now 37.5% of the overall implementation scope. This is a double-edged sword – if used rightly, it can reduce project cost drastically, else, may skyrocket due to overwork / duplication.
Figure 2: Brownfield COTS PAS Implementation
To ensure that 37.5% implementation scope results into savings, one needs to take the following considerations into account during planning, and before the execution of brownfield COTS implementations.
These considerations – or precautions – will yield results if implemented in conjunction with product-centric Business Requirements Management methodologies, and COTS product-specific solution blueprints and accelerators (tools).
More from Dilip Rajput
It has been three and a half quarters since this insurance carrier started with the implementation…
“I don't want to tell you how much insurance I carry with Prudential, but all I can say is:…
The pandemic has changed everything From how we communicate and interact with one another…
Real-time well rate estimation can provide clear visibility into the performance of a well…
Olympic games, a symbol of endurance, glory, and striving against all odds to be citius, altius,…
The current global scenario is undergoing the ‘Great Restructuring’ because every aspect…