Alberta Investment Management Corporation (AIMCo) is one of Canada's largest and most diversified institutional investment managers with more than $100 billion of assets under management. Headquartered in Edmonton, Alberta, with satellite offices in Toronto, the United Kingdom, and Luxembourg, AIMCo relies on Microsoft Project (MSP) to enhance collaboration and increase transparency. Just one year after implementation, it delivers 23 percent more projects on budget, and 32 percent more projects on time. Established on January 1, 2008, by the Province of Alberta, AIMCo is mandated to provide superior long-term investment results for its clients. It chose Microsoft Project to enhance collaboration and streamline processes. In the scant year since implementation, senior stakeholders and business project managers have been delighted by big gains in resource optimization and reporting. With a lightning-fast time to value of just two months, it's an investment that pleases everyone. The AIMCo Business Technology Delivery Team (BDT) provides investment strategies and efficiencies to their business partners through a multitude of projects, collaborating across the organization to optimize resources and help minimize risk. Reporting to stakeholdersAIMCo executives, board, and internal clientsis critical to those goals. Their work underpins the tactical lifeline of the corporation: making strategic plans a reality, and streaming information back to executives to fine-tune investment decisions. AIMCo is responsible for building prosperity, security, and opportunity for its clients by delivering excellent returns. Meeting its investment goals and regulatory reporting hinge on one thing: quality data. Bruno Freitas, Senior Manager for the Project Management Office, a group that is part of the AIMCo BDT, clearly recalls the pain points that inspired him to seek an automated project management solution. "There were four things on our list," he says. "Lack of communication across the organization about our project workload and progress was the biggest issue. Next came our need to consistently deliver projects using a uniform methodology. We also wanted to optimize our resource utilization and provide better estimates for timing project milestones and budgets." Regulatory reporting was at the top of the BDT information pyramid, but day-to-day management consumed management's immediate attention.

Based on the article, write a brief report containing the following: 1. A discussion on the challenges that AIMCo were experiencing (10) 2. An evaluation of the solution implemented against the achievement of the four aspects of project management (10) 3. Discuss five (5) new capabilities of MSP 2016 that could have assisted AIMCo (10)