Fintech Solutions

Project Selection
Student Full Name
Institutional Affiliation
Course Full Title
Instructor Full Name
Due Date
Project Selection
Introduction
Fintech Solutions, an IT company, is relocating its offices from West Hollywood, Los Angeles, to the central business district of Downtown Los Angeles. This move is a consequence of the company's plans for expansion and growth and consolidation of existing buildings into one new space. This project management essay will include Stakeholder Identification and Analysis, Resource Management Plan and RACI (Responsible, Accountable, Consulted, and Informed) Chart, Communications Management Plan and Accompanying Table, Stakeholder Management Plan, Resource Acquisition Plan, Team Development Plan, Project Performance Reporting Plan, and Stakeholder Engagement Monitoring and Control Plan for the office relocation project.
Stakeholder Identification and Analysis
The stakeholders in the office relocation project include the upper management, consulting firm, vendors, employees, and customers.
Stakeholder

Estimated Project Importance/Power

Estimated Project Interest

Roles

Upper Management

High

High

The upper management will finance all relocation expenses, hire the consulting firm, and change the project. It can even cancel the relocation project if they are unhappy with the move.

Consulting Firm

Medium

High

The consulting firm will approve vendor and subcontractor contracts, including hiring the moving company, office furniture suppliers, refurbishment company, etc. They will also ensure that all tasks are assigned and finished on time.

Employees

Medium

High

The employees will assist in packing and unpacking their personal effects and provide valuable insights into office design. Upper management must ensure they have employee buy-in for the relocation project to be a success.

Vendors

Low

High

The vendors will supply new furniture goods, refurbish the new office space, provide IT infrastructure, etc. In addition, they will provide goods and services on time to prevent any project delays.

Customers

Low

High

Although they will not contribute to the project's success, their views on how the new office location enhances or disrupts customer service will be crucial.

Resource Management Plan and RACI Chart
The relocation project will require the following resources: a consulting firm to help with overall project management, full-service office movers, relocation packages (for employees), office space planners to determine the company's space needs and office layout, new office equipment to replace outdated equipment, IT infrastructure, and a communications officer (an upper management official) to inform both employees and customers of the relocation project and how it will affect the status quo. The RACI chart is shown below:
Responsible






Accountable





 

Consulted





 

Informed












Project Tasks

Upper Management

Consulting Firm

Employees

Vendors

Customers

Initiation Phase

 

 

 

 

 

Resource planning

R

 

 

 

 

Hiring consulting firm

R

 

 

 

 

Communication

R

 

I

 

I

Planning Phase

 

 

 

 

 

Budgeting

R

 

 

 

 

Defining roles and responsibilities

R

R

 

 

 

Approving vendor contracts

 

R

 

 

 

Brainstorming with employees

R

R

C

 

 

Execution Phase

 

 

 

 

 

Selecting new office location

R

R

 

 

 

Negotiating Lease

R

A

 

 

 

Refurbishing new office

C

A

 

R

 

Designing office layout

C

A

C

R

 

Installing IT infrastructure

C

A

 

R

 

Providing new office furniture

C

A

 

R

 

Moving into the new office

C

A

I

R

 

Communication of new address

R

A

I

 

I
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