Provide your solution in not less than 250 words. Make sure you provide project management action plans and not just high level management solutions.

Company A US-based Fortune 100 company providing insurance products and services to clients in North America. Challenge With a billion-dollar project portfolio numbering in the hundreds of projects, the client needed to decrease time-to-market in response to competitive pressures and its expanding product line. They set aggressive goals to reduce average project duration by approximately 50% and improve internal customer satisfaction by 25% over a three-year period. The client's project management environment at the time was rigid, depending almost entirely on traditional phase-based deliverable schedules, with a heavy development methodology. ENGCompany A US-based Fortune 100 company providing insurance products and services to clients in North America. Challenge With a billion-dollar project portfolio numbering in the hundreds of projects, the client needed to decrease time-to-market in response to competitive pressures and its expanding product line. They set aggressive goals to reduce average project duration by approximately 50% and improve internal customer satisfaction by 25% over a three-year period. The client's project management environment at the time was rigid, depending almost entirely on traditional phase-based deliverable schedules, with a heavy development methodology. Provide your solution in not less than 250 words. Make sure you provide project management action plans and not just high-level management solutions