Project Management: FNB Corporate Database Development at FNB

This project management assignment focuses on the development of a corporate database for the First National Bank (FNB). The project aims to address data security and preservation issues by implementing a centralized database, mitigating risks associated with data loss and enhancing security. The project includes a detailed communication plan to keep clients informed and engaged throughout the process. The application of research theory is evident in identifying benefits such as resource utilization, streamlined operations, and risk reduction. The project also outlines key objectives, a risk management plan, and a work breakdown structure (WBS) to ensure successful implementation, adherence to budget, and timely completion. The document provides a comprehensive overview of the project's objectives, methodologies, and expected outcomes, including references to relevant project management literature.

Running head: PROJECT MANAGEMENT
Project Management
[Name of the Student]
[Name of the University]
[Author note]

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The project is aimed at developing a Corporate Database for the First National bank
so as to incorporate it in the bank and make the employees adapt the changes that are likely to
appear. The FNB bank is one of the finest banks of the Midwest which has been associated
with the purchase of the other small banks of Ohio. This led to the expansion of the business
operations and activities which initially lead to the increased involvement and requirement of
the data sets.
Identify of an issue that is to be resolved through the creation of a project
The creation of the project is like to resolve the problem related to data security and
data preservation that are faced by the bank FNB. The usage of the centralized database
storage would be associated with preserving the data preservation (Kerzner & Kerzner,
2017). The PC and the laptops present at the branches of the bank are likely having the
capacity of continuing to function even after the failure of the hardware or are associated with
providing rare fault tolerance. The lack in the fault tolerance places any of the data stored in
the PC or in the Laptops which are at high risk of permeant loss of data (Verzuh, 2015). The
centralized data would be including a fault tolerant setup along with a reductant storage
which would be helping in the preservation of the data even after the occurrence of
catastrophic hardware failure of the hard drive.
FNB bank is associated with storage of large number of sensitive data of the
customers and for this reason the protection of data is a mission critical issue. Providing of
security to the data by making use of the central database storage would be associated with
putting forward very few challenges rather than making sure that security is being provided
across multiple local storage sites (Nicholas & Steyn, 2017). The data access policies that are
to be put into action would be associated with limiting the damage that a single compromised
can have. Besides the implementation of the encrypted virtual private networks along with

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the firewalls and rigorous password protection would be associated with ensuring high
security for the data of FNB.
Communication with the client throughout the project
Communication with the clients is one of the crucial factors responsible for the
success of the project. In order to manage the project, it is vital to keep all the clients updated
regarding the processes going inside a project. Keeping the clients informed regarding the
project is often neglected but it is very essential that the clients are being involved (Mir and
Pinnington, 2014). The clients can be kept informed by various means like the usage of
software which would be associated with informing the clients about the status of the project
along with the creation of status report, arranging of daily meetings or weekly meetings.
Using a good communication plan is very essential so as t keep the clients as well as
the stakeholders informed (Marchewka, 2014). By making use of the effective
communication plan the project manager as well as the team associated with the project of
FNB would become capable of knowing when and how are the clients to be informed. This
might seem to be requiring a lot of labor to put together the communication plan for the
project but this is essentially a very important step for success of the project. The clients need
to be contacted so as to identify the expectation that they are having (Wearne, 2014). By
conducting the works in the project according to the expectation of the clients it would be
ensured that the clients are in the loop and are happy. Besides this it is very essential to make
sure of the fact that the clients are being included during the project planning phase.
Application of the research theory to the organisation and project
The project would be responsible for bringing various type of benefits which have
been identified by making use of the research theory and this benefits mainly includes the

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better utilization of the various bank resources, streamlining of the business services as well
as the operations resulting in bringing of higher returns upon the investment and lastly
reduction of the business risks as well as the cost of the business which would be responsible
for higher engagement of the investors and higher level of satisfaction (Teller, 2013). The
research theory also helped in eth identification of the major objects as well like successful
implementation of the corporate database, migration and management of the existing system
to the new system securely and lastly adhering according to the estimates made regarding the
schedule and the budget (Sul, Yeom & Jung 2018). The research theory plays a very vital role
in understanding the basic criterions of project management and how the project can be
delivered successfully.
This theory helps the project team and the project manager in the identification of the
success criteria’s as well along with the identification of the resources, risk plan for
mitigation of the risks that are likely to be faced, change plan so as to cope up with the
changes, and the communication plan. The risk management plan helped in identification of
the risks that are likely to be faced by the project (Missonier & Loufrani-Fedida, 2014). The
risks include the resistance to the changes, information security attacks, communication gaps,
ethical issues, overrun of the schedule or budget, various legal obligations, technical failures,
risks related to the usability and performance of the resources and lastly the operational
mistakes. The risk management is associated with providing certain mitigation plan as well
by which these risks can be avoided or eliminated. Framing the communication helped in
eliminating the communication gaps and the change management plan would be responsible
for the success of the project (Dalcher, 2015). The WBS or the work breakdown structure is
created which helps in the determination of the budget that is the to be assigned to particular
tasks in a project and the time that is required in order to complete a specific task. This

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scheduling if done properly would be very much helpful in elimination of the problems
related to time or budget overrun.

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References:
Dalcher, D. (2015). Going Beyond The Waterfall: Managing Scope Effectively Across the
Project Life Cycle. Project Management Journal, 46(1), e2-e2.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.
Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking
project management performance and project success. International journal of project
management, 32(2), pp.202-217.
Missonier, S., & Loufrani-Fedida, S. (2014). Stakeholder analysis and engagement in
projects: From stakeholder relational perspective to stakeholder relational ontology.
International Journal Of Project Management, 32(7), 1108-1122.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Routledge.
Sul, W., Yeom, H., & Jung, H. (2018). Towards Sustainable High-Performance Transaction
Processing in Cloud-based DBMS. Cluster Computing.
Teller, J. (2013). Portfolio Risk Management and Its Contribution to Project Portfolio
Success: An Investigation of Organization, Process, and Culture. Project
Management Journal, 44(2), 36-51.
Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.

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Wearne, S. (2014). Evidence-Based Scope for Reducing “Fire-Fighting” in Project
Management. Project Management Journal, 45(1), 67-75.