NOVACES Awarded Contract for Comprehensive Business Process Improvement Support for the Pension Benefit Guaranty Corporation - Insurance News | InsuranceNewsNet

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December 3, 2010 Newswires
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NOVACES Awarded Contract for Comprehensive Business Process Improvement Support for the Pension Benefit Guaranty Corporation

New Orleans, LA (Vocus/PRWEB) December 03, 2010

NOVACES, a leading provider of Lean Six Sigma, continuous process improvement (CPI), and performance improvement consulting services to the public sector, announced today that it has been competitively selected by the Pension Benefit Guaranty Corporation (PBGC) to provide business process improvement support. The Blanket Purchase Agreement includes four option years.

PBGC protects the retirement incomes of more than 44 million American workers in over 27,500 private-sector defined benefit pension plans. The organization is not funded by general tax revenues. Rather, PBGC collects insurance premiums from employers that sponsor insured pension plans, earns money from investments and receives funds from pension plans it takes over.

NOVACES will leverage its portfolio of performance improvement services to the Federal Government in diverse areas such as naval shipbuilding, aviation maintenance, defense logistics, military healthcare, missile defense, garrison services, and public engineering services to assist PBGC’s Business Process Management Unit.

Under this contract, NOVACES will lead process improvement work sessions for PBGC’s transactional services and knowledge-based systems, and work with the organization’s management on other relevant process and Lean Six Sigma tools and methodologies. The work will focus attention on staff development endeavors, including project identification, execution, and performance measurement.

“We are pleased to have this opportunity to leverage our extensive experience in CPI, project management, and change management in complex transactional environments,” said Ivan Radovic, President of NOVACES. “Our SystemCPI methodology brings a comprehensive set of performance improvement tools to help PBGC move rapidly toward self-sufficiency.”

About NOVACES
NOVACES, LLC is a management consulting firm that provides performance management, continuous process improvement (CPI), and project management services to public sector organizations. Headquartered in New Orleans, LA, NOVACES utilizes today's most effective performance improvement tools and methodologies to help its clients build capabilities to achieve breakthrough operational and financial results. More information can be found at http://www.novaces.com/government-defense or by calling 1-877-577-6888.

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Read the full story at http://www.prweb.com/releases/2010/12/prweb8016500.htm

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