SUCCESSFUL BUSINESS PLAN 2 Successful Business Plan Name of the University Author Note

Running head: SUCCESSFUL BUSINESS PLAN
Successful Business Plan
Name of the Student
Name of the University
Author note

1SUCCESSFUL BUSINESS PLAN
Executive Summary
The assignment has helped in analysis of the change management implementation in HSBC
Bank based in London. It has been seen that there are different issues related to digitization in
the respective bank that has to be solved effectively with the implementation of technologies
and this will help in solving such issues accordingly.
The main aim and purpose of the assignment is to identify the different challenges that has
been faced by HSBC Bank and solving such issues with implementation of the different
change management initiatives.

2SUCCESSFUL BUSINESS PLAN
Table of Contents
Learning Outcome 1...................................................................................................................3
Purpose of the Project................................................................................................................3
Description of the Project...........................................................................................................3
Project plan.................................................................................................................................4
Project Scope Statement.............................................................................................................4
Aim and objectives of the project..............................................................................................4
Learning Outcome 1 and 2.....................................................................................................5
Requirements..........................................................................................................................5
Constraints..............................................................................................................................5
Assumptions...........................................................................................................................5
Deliverables of Project...............................................................................................................6
Summary Schedule and Milestone.............................................................................................6
Milestone................................................................................................................................6
Project cost.................................................................................................................................9
Learning Outcome 2.............................................................................................................11
Resource Allocation.............................................................................................................11
Learning Outcome 3.................................................................................................................13
Risk Management.....................................................................................................................13
External Risk........................................................................................................................13
Internal Risk.........................................................................................................................14
Communication Plan................................................................................................................15

3SUCCESSFUL BUSINESS PLAN
Conclusion................................................................................................................................18
References................................................................................................................................19
Learning Outcome 1
Purpose of the Project
This is the initiation project plan that has been done for the organization named HSBC
Bank. It can be seen that the organization is rapidly intensifying the entire process of the
business, however they are facing different kind of operational issues and risks in the digital
technology transformation domain. Furthermore, in order to resolve such kind of
organizational issues in the digitalization of the whole structural process of the HSBC Bank.
It has been that the management of the respective organization has tried to implement the
change management plan wherein the change management will be implemented in the
different departments as to develop new digitalization processes and innovations for handling
such issues in HSBC Bank.
Description of the Project
HSBC Bank is one of the British banks that is multinational in nature along with
financial kind of services holding organization (Grewal 2017). The headquarters of HSBC
Bank is in London, United Kingdom and the respective bank serves the entire world in an
effectual manner. The revenue and the operating income of the company is around
US$51.445 billion and US$14.792 billion and the number of employees employed are around
228,687 (Gomez and Tejedor 2015). The main aim and service provided by HSBC Bank is to
provide support to their business customers, however it has been that there are different
issues in the recent era wherein there is no such digitalization processes that are applied in the