Corporate Headquarter Relocation Project Plan

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Corporate Headquarter Relocation: Project Plan

Team A

Purpose of PlanIntroductionBackground InformationProject ApproachSuccess CriteriaGoals and ObjectivesScopeScope DefinitionNot in ScopeRisk AssessmentProject BudgetProjected Milestones

Corporate Headquarter Relocation: Project Plan Outline

Assumptions/ConstraintsProject AssumptionsProject ConstraintsRelated ProjectsCritical Project BarriersProject Management ApproachHigh Level TimelineRoles & ResponsibilitiesIssue ManagementCommunication Plan Approvals

Corporate Headquarter Relocation:Purpose of the Plan

The Corporate Headquarter Relocation Project Plan will provide a definition of the project, including the projects goals and objectives. Additionally the Plan will server as an agreement between the following parties: Project Sponsor, Steering Committee, Project Manager, Project Team and others associated with and/or affected by the project.

Corporate Headquarter Relocation: Introduction

Background InformationBank of America moves Headquarters to a state more inline with their core valuesProject ApproachPhase 1- Find the New Location for the Corporate HeadquartersPhase 2- Prepare Logistics for Move Success Criteria- Logistically move to a location within the specified budget

Business Goals and Objectives (SMART)Move to Connecticut in order to maintain our core values of being inclusiveMove to Connecticut within time and budget specified by the project Project Goals and Objectives (SMART)Move to Connecticut within the specified budgetMove to Connecticut within the specified time

Corporate Headquarter Relocation: Goals and Objectives

Scope DefinitionPhysical relocation of the primary Bank of America Corporate officeReal estate transactionNot in Scope of Project Employee Relocation Building maintenance

Corporate Headquarter Relocation: Scope

Risk AssessmentNOTE: The Risk Assessment will be continuously monitored and updated throughout the life of the project, with monthly assessments included in the status report (see Communications Plan) and open to amendment by the Project Manager.

Corporate Headquarter Relocation: Scope

{5C22544A-7EE6-4342-B048-85BDC9FD1C3A}RiskRisk Impact Level (L/M/H)Probability of Event (L/M/H)Mitigation StrategyPublic ScrutinyMediumMedium Press ReleaseJob MarketLowLowWorkforce AnalysisCost RelocationMediumHighCost equity budgeting

Projected Budget13.3 Million For the physical relocation budget of the Bank of America Corporate office from North Carolina to Connecticut

Corporate Headquarter Relocation : Scope

Projected MilestoneThe following represent key project milestones, with estimated completion dates:

Corporate Headquarter Relocation: Scope

{5C22544A-7EE6-4342-B048-85BDC9FD1C3A}MilestoneEstimated Completion DateLease a new building siteApril 1, 2017Complete renovationsJune 1, 2017IT installed at new locationJune 15, 2017Complete office move phase 1July 1, 2017Complete office move phase 2August, 2017

Project AssumptionsConnecticut will not pass a similar discrimination law Everyone will want to move with the companyThere is a facility that is suitable within the timeframe they wish to move Project ConstraintsCost will limit BOA to build or buy a facility The new state will have different laws to learn and abide byThe amount of time it will take to move will play a large role

Corporate Headquarter Relocation: Assumptions/Constraints

Related ProjectsEmployee Relocation Plan Building MaintenanceIT Support Critical Project BarriersConnecticut Passing a Similar Discrimination Bill Large Protest Against the MoveNorth Carolina Offering Huge Incentives to Stay

Corporate Headquarter Relocation: Assumptions/Constraints

Corporate Headquarter Relocation: Project Management Approach

Project High-Level TimelineSite Selection Phase Planning and Prep PhaseSite Development PhaseMove-In Phase

Corporate Headquarter Relocation: Project Management Approach

{5C22544A-7EE6-4342-B048-85BDC9FD1C3A}NameRoleResponsibilityPhone/emailJeff JordanProject SponsorUltimate decision maker and tie breakerProject ManagerManages project in accordance to Project Plan, tracks, and reportingProject TeamProvides day to day leadership for planning, implementation, and closing of the project

Project Roles and Responsibilities

Corporate Headquarter Relocation: Project Management Approach

Issue ManagementIssue: An event or circumstance that has occurred with project impact that needs to be managed and resolved, with escalation if appropriate.Issue will impact project plansScopeCostScheduleThe Corporate Headquarter Relocation Project Plan will incorporate open issues in the following sections:Work package Milestones

Corporate Headquarter Relocation: Project Management Approach

Issue Management Cont.Issue LogSharePoint  Issue link (UC Davis Organizational Excellence, n.d.) Issues [Change management request process]DocumentCommunicate Follow change management processApproval sign off

Corporate Headquarter Relocation: Project Management Approach

Communication PlanProject Document Storage Project Events/Team Availability Project TrackingOutlook Distribution Lists

Corporate Headquarter Relocation: Project Management Approach

Communication Plan Cont.

(UC Davis Organizational Excellence, n.d.). 

Corporate Headquarter Relocation: Approvals

Sign-Off SheetI have read the Project Plan and will abide by its teams and conditions and pledge my full commitment and support for the Project Plan. ________________ _________Project Sponsor Date________________ _________Project Manager Date________________ _________TBD Date

Corporate Headquarter Relocation: References

Project Management Institute. (2013). A Guide to the Project Management Body of Knowledge (PMBOK Guide) (5th ed.). Newtown Square, PA: Project Management Institute.UC Davis Organizational Excellence. (n.d.). Retrieved from of Phoenix. (2016). Project Management Plan Presentation Template. Retrieved from University of Phoenix, CPMGT-303 website.

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