PwC Research wins prestigious Chairman’s Award
10 October 2017
A team from PwC Research has won the prestigious Chairman’s Award at the 2017 PwC Awards ceremony in London in recognition of their work helping a Saudi regulator measure the progress of its market reforms.
The Annual Awards ceremony celebrates ‘the best of the best’ of PwC and PwC Chairman and Senior Partner, Kevin Ellis said, “The PwC Awards are a unique opportunity for us to take stock of our achievements over the last year and recognise how our values and culture help us to stay ahead in the market.”
Honor Mallon, partner in PwC Research, expressed her delight at the award, “This award is testament to the strength of our offering. We connected research, insight, business expertise and data analytics together through an international team that collaborated with our client to bring their transformation strategy to life. It was a fantastic experience for all involved.”
The winning project
Our client, a regulator in Saudi Arabia, had a vision to make the country more attractive to investors through a series of market reforms promoting fairness and transparency. They had developed a five year strategy to deliver reform and needed help to create a performance measurement framework to track progress against objectives.
The PwC Research team led the design, evidence gathering and data analytics, working closely with consulting teams in Dubai, Kuala Lumpur, London and Riyadh to develop and implement a programme of eight performance indices.
The work involved:
- Reviewing strategy documents to identify Key Performance Indicators (KPIs) and agree measures of success
- Designing and developing the eight performance indices
- Gathering evidence via surveys, desk research and data returns
- Calculating eight robust baseline indices, highlighting performance against targets.
The Board Chairman of the regulator said, “I am delighted with the work that has been done. PwC has met my expectations in full. Now it is over to us to make the most of this research.”
Hala Kudwah, partner in PwC’s Riyadh office, commented, “There has been tremendous learning on this project and we have all gained significantly from each other’s experience and insights.”
The Belfast, London, Middle East and Kuala Lumpur teams exchanged a huge amount of knowledge and expertise throughout the project, and learned a lot from each other. PwC Research brought expertise in performance measurement and contributed to the ‘what good looks like’ conversations, while our Middle East colleagues shared their local market expertise.
This made for an incredibly exciting project, with team members at all grades learning and developing on a daily basis from a very diverse range of perspectives, knowledge and ideas. The speed and success of our integration and collaboration was commented on by both the PwC project lead partner in Saudi Arabia and the regulator.