Strategic Change Management: Coursework Overview & Task

Question

• Evaluate the impact of client requirements,scope and external stakeholders upon value and risk management decisions in the project process Intellectual/Professional skills & abilities.
• Analyse the overall facets of project value and evaluate approaches to value management that are applicable to project management.
• Critically analyse and apply appropriate techniques to understand the key drivers for change.
• Develop and evaluate governance frameworks and their ability to deliver strategic objectives within project orientated organisationsPersonal Values Attributes.
• Appreciate the complexity and diversity of behavioural dynamics

• Evaluate the impact of client requirements, scope and external stakeholders upon value and risk management decisions in the project process Intellectual/Professional skills & abilities:
• Analyse the overall facets of project value and evaluate approaches to value management that are applicable to project management.
• Critically analyse and apply appropriate techniques to understand the key drivers for change.
• Develop and evaluate governance frameworks and their ability to deliver strategic objectives within project orientated organisations Personal Values Attributes
• Appreciate the complexity and diversity of behavioural dynamics

This module allows you the chance to “live” the challenges of managing an organisational change initiative with the support of a computerised simulation.The simulation is based on a comprehensive model of how and why human beings react to change which includes a range of commercial, personal,emotional and‘political’factors.The deliverable of this coursework is a strategic plan based on the simulation and the scenario information you will receive as an appendix to this specification.The scenario revolves around the integration of two organisations after an acquisition has been agreed.You will be challenged to make decisions on a series of integration options(e.g.staff reduction and IT systems,see the Project Brief File for the full list of decisions)that have different cost saving and revenue growth impacts. These choices will also have implications on human reactions to the strategic change,and it is the careful balance of these business and human factors,together with the political and cultural playing field, which determines the final success of the initiative.

From the scenario information,independent research and from the knowledge that you acquire as a result of this module,you will prepare a strategic plan addressing relevant issues,in consideration of the different theoretical areas of the module.When writing this report you will be acting as the Project Manager,your target audience is the banks board of directors and,as such,your report should be written accordingly.The geographical context of the banks is entirely at your discretion;however,you will need to indicate this at the start of your report as it will impact on the political,environmental,social,legal and economic factors of your report The content of the report should include the following;however,this list is a guide and is not exhaustive;

a.Identify and appraise the current position of the banks,both internally(organisational)and externally.Use these drivers when making the integration decisions.

b.Identify,map and rank the stakeholders associated with the acquisition in terms of their power,and interest along with the political and emotional factors that could impact on the business strategy.Perform a Network Analysis to understand the formal and informal relationships between each stakeholder.Evaluate their needs and requirements.

1. Prepare an effective stakeholder engagement strategy based on the above analysis,that will ensure that the stakeholders are kept informed of progress during the change process.Create a strategy that will indicate the appropriate communication channels,the frequency of communication and how they will be monitored.

d.Critically evaluate the business decisions regarding the integration,as outlined in the Project Brief file,and conclude which decisions will derive the most value and why.

e.Identify the key risks of the decisions that you have made and evaluate the impact on the resources and the governance/culture of the organisation.

f.Summarise key areas of the report and outline additional governance frameworks and considerations that would enable a positive integration based on the decisions that you have proposed.