CANADORE AT STANFORD S2024 ITM235-217 CHANGE MANAGEMENT PROFESSOR HADIK PATEL ASSIGNMENT ONE IDENTIFYING HOW CRITICAL AND IMPORTANT CHANGE MANAGEMENT USES PROJECT MANAGEMENT AS THE KEY DRIVER OF EXECUTING ORGANIZATIONAL STRATEGY 30TH JUNE, 2024.

[Audio] Canadore At Stanford S2024 Itm235-217 Change Management Professor Hadik Patel Assignment One Identifying How Critical And Important Change Management Uses Project Management As The Key Driver Of Executing Organizational Strategy 30th June 2024. Presented By: Bilikis Tajudeen A00188253 Oghenevwogaga Ominike A00188788.

[Audio] Brief Background Of The Concept Of Change Management And Project Management. The concept of change management can be traced back to Kurt Lewin's Change Management Model from the 1940s which introduced the idea of "unfreezing changing and refreezing" stages. During the 1990s change management became more structured and formalized with models such as John Kotter's 8-Step Change Model and Prosci's A-D-K-A-R Model..

BRIEF BACKGROUND OF THE CONCEPT OF CHANGE MANAGEMENT AND PROJECT MANAGEMENT..

[Audio] What Is Change Management And Project Management? Change management is the systematic approach to dealing with the transition or transformation of an organization's goals processes or technologies. The purpose of change management is to implement strategies for effecting change controlling change and helping people to adapt to change. Project management involves planning initiating executing controlling and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. It is the practice of applying knowledge skills tools and techniques to project activities to meet the project requirements..

[Audio] Relationship Between Change Management And Project Management Alignment with Organizational Strategy: Change management ensures that projects are aligned with the overall strategic goals of the organization. Stakeholder Engagement: Effective project management engages stakeholders at all levels ensuring buy-in and support for changes. Risk Management: Both disciplines emphasize the importance of identifying and mitigating risks associated with change. Communication: Clear and consistent communication is a cornerstone of both project and change management ensuring that all parties are informed and aligned..

[Audio] Importproject Management In An Organizationant Of Change Management And Project management ensures that projects are completed on time within budget and to the desired quality standards. It provides a structured approach to planning and controlling project processes which is essential for achieving organizational goals while Change management on the other hand is crucial in helping organizations navigate through transitions smoothly minimizing resistance and ensuring that new initiatives are successfully adopted and sustained. In a nutshell project management is like a vehicle that usher in organizational strategies while change management ensure the successful adoption and sustainance of the strategies..

[Audio] Implementing The Concepts In Real World Scenerio A Case Study Of Trippet Financials. Background: A leading financial services company undertook a digital transformation to modernize its legacy systems and improve customer experience. (Digital Transformation in a Financial Services Company) Challenges: Resistance from employees accustomed to old systems. Integration issues with new technology..

[Audio] Change Management Approach Implemented Prosci’s A-D-K-A-R Model to guide employees through the transition. Conducted regular training sessions and provided resources to ease the adoption of new systems. Used project management techniques to ensure the project stayed on track within budget and met the defined objectives..

[Audio] Benefits Of Adopting The Approach. Successful implementation of new digital systems. Improved customer satisfaction and operational efficiency. Enhanced employee engagement and productivity..

[Audio] Using Project Management As A Key Driver Of Organizational Strategy( A Case Study Of Abc Plc And Xyz Ltd) Two manufacturing companies merged to create a larger entity with a more comprehensive product line and increased market reach. Challenges: Cultural integration of employees from two different corporate environments. Standardizing processes and systems across the new entity..

[Audio] Change Management Approach Applied Kotter’s 8-Step Change Model to manage the merger process. Established a change management office (C-M-O--) to oversee the integration. Utilized project management principles to coordinate activities manage resources and ensure timely completion of integration milestones..

[Audio] Benefits Of Adopting The Approach Smooth transition with minimal disruption to operations. Unified corporate culture and standardized processes. Realized anticipated synergies and improved market position..

[Audio] Summary Of Key Point Integration of Change and Project Management: Both disciplines are essential for aligning projects with organizational strategy managing risks and ensuring stakeholder engagement. Change Management Models and Project Management Frameworks: Understanding and applying these models and frameworks can significantly enhance the success of organizational changes. Real-Life Examples: Case studies demonstrate the practical application and benefits of combining change management with project management..

[Audio] Reference Prosci. (2021). "The Prosci A-D-K-A-R Model." Kotter J P (1996). "Leading Change." Project Management Institute. (2021). "A Guide to the Project Management Body of Knowledge (PMBOK® Guide).".

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