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Pages:
2 pages/≈550 words
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Check Instructions
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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Topic:

Fintech Solution’s Relocation Resource Management Plan

Essay Instructions:

Instructions
Part 2: Resource Management Plan and RACI Chart
For the project selected in Unit I, create a simple resource management plan. Your plan should follow the guidance in the PMBOK® Guide for the plan resource management process. Include an introduction, and consider the following questions:
Who will I need to plan and execute this project?
From where (and how) will I acquire these people?
What does the project need in terms of (a) materials, (b) equipment, (c) funding, and (d) tools and supplies?
From where (and how) will I acquire these resources?
What basic approach will be taken regarding teambuilding, team development, and team motivation?
Refer also to Figure 2.1 on page 44 of the textbook for guidance in what to include in the plan.
Finally, create a RACI (responsible, accountable, consulted, and informed) chart for your project following the example of Table 2.1 on page 53 of the textbook.
As a guide to depth, your resource management plan should be a minimum of two pages in length. Your RACI chart may be created either as a table in Word and included at the end of the document, or submitted as a separate Excel file. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.

Essay Sample Content Preview:

Fintech Solution’s Relocation Resource Management Plan
Student Name
Program Name or Degree Name (e.g., Master of Science in Nursing), Walden University
COURSE XXX: Title of Course
Instructor Name
Month XX, 202X
Fintech Solution’s Relocation Resource Management Plan
Fintech solutions is an IT company based in West Hollywood in Los Angeles. In the current project, the company plans to relocate its offices (headquarters) to the Central Business District (CBD) of downtown Los Angels as part of its strategic goal for growth and expansion. As a result, there is a need for a resource management plan to ensure the smooth transition of business operations. According to the project management institute (PMI) (PMI, 2017), project resource management involves identifying, acquiring, and managing resources needed to complete the project successfully. The PMI provides a Guide to Project Management Body of Knowledge (PMBOK) under which six processes are listed: planning for resource management, estimation of activity resources, acquisition of resources, team development, team management, and resources control. Some of the processes will guide the current paper in developing a resource management plan for Fintech’s relocation project.
Estimation of Activity Resources
The critical activity is in the current project is the relocation of organizational resources. In this aspect, resources are classified into quantity and types. In terms of types, the resources include funds and labor. The funds will pay for refurbishes, moving, and interior design services. Funds will be sourced from the organization’s current bank account, while the listed services will be outsourced from specialized external entities. In terms of quantity, resources include new office equipment, IT infrastructure, and office supplies. Again, these resources will be funded from the organization’s account.
Financial resources are vital because they will pay for services and materials required for relocation. Outsourced services include refurbishes, interior design, and transportation. Interior design is key because it ensures that the new premises reflect the organization’s brand and office designs. In this aspect, external organizations will work together with a team of employees and the management to ensure that office designs meet specific aspects of the company’s brand outlook.
Team Development
The relocation project’s team is summarized in table 1 below. The team will focus on the official selection, relocation services, and customization aspects of the project. The transportation aspect will rely on an external entity that will provide moving services. The Tuckman’s Stages of Group Development Model guided the development of the group. The stages include forming, storming, norming, performing, and adjourning (Jones, 2019).
Table SEQ Table \* ARABIC 1: Summary of Team Members
TEAM MEMBERS

TOTAL

PURPOSE

Fintech Management

2
Updated on
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