BSBPMG428 - A2 T2a - Project Charter Template.v1.0

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ProjectManagementDocs.com P ROJECT C HARTER T EMPLATE This Project Management Plan Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful and welcome your comments. Public distribution of this document is only permitted from the Project Management Docs official website at: ProjectManagementDocs.com P ROJECT C HARTER P LAN J ONES C ONSULTING C OMPANY S PAYROLL GROUP P AYROLL P ROJECT TO DEVELOP AND IMPLEMENT A NEW PAYROLL SYSTEM D ATE 3/07/2023 1
ProjectManagementDocs.com P ROJECT C HARTER P AYROLL P ROJECT Project Title: Payroll System Development and Implementation Project Purpose: This Charter formally authorizes the Payroll Project to develop and implement a new payroll system for use in Jones Consulting Company's payroll group. The new system aims to enhance efficiency, accuracy, and compliance in payroll processing, ensuring a seamless and reliable payroll management process. Project Objectives: 1. Develop a comprehensive scope statement defining the project's deliverables, objectives, and limitations. 2. Create a detailed project schedule, outlining all key activities, milestones, and dependencies. 3. Prepare a cost estimate and budget for the entire project, including resource allocation and procurement needs. 4. Establish provisions for scope management, ensuring any changes are properly evaluated and approved. 5. Develop a resource management plan, detailing the assignment of personnel and their roles in the project. 6. Implement a communications plan to ensure efficient and transparent communication among all stakeholders. 7. Ensure adherence to high-quality standards throughout the project's execution. 8. Conduct a thorough risk assessment and develop a risk management plan to address potential uncertainties. 9. Establish a procurement strategy to identify and acquire necessary resources and services. 10. Implement stakeholder management activities to engage and involve relevant stakeholders in the project's progress. 11. Develop robust project controls for monitoring and tracking project progress and performance. Project Sponsor: Van Johnson, Human Resources Director, is designated as the Project Sponsor. As the Project Sponsor, Van Johnson will provide necessary guidance, support, and decision- making authority throughout the project lifecycle. Project Approach: The project will follow a collaborative approach, leveraging expertise from various departments, including IT, Finance, and Human Resources. The project team will work together to define requirements, design, develop, test, and implement the new payroll system. 2
ProjectManagementDocs.com Project Team: The project team will be comprised of members from IT, Finance, and Payroll departments, led by the Project Manager. The team will be assigned by the Project Sponsor, and all members will collaborate to achieve project objectives. Project Reporting: Regular progress updates and reports will be provided to the Project Sponsor and relevant stakeholders. The Project Manager will ensure that the reporting includes project status, achievements, risks, and issues, allowing for timely and informed decision-making. Project Authority: The Project Manager is granted the authority to oversee and manage all aspects of the project. The Project Manager will have the power to make decisions related to project execution and resource allocation within the approved project plan. Project Risks: Potential risks associated with the project will be identified, assessed, and mitigated throughout the project lifecycle. A risk management plan will be developed to address these uncertainties and minimize their impact on the project. Project Closure: Upon successful implementation of the new payroll system and completion of all project deliverables, the project will be formally closed, and a project closure report will be provided to the Project Sponsor and other relevant stakeholders. Project Purpose: The purpose of the Payroll project is to enhance the timeliness and accuracy of payroll operations at Jones Consulting Company. By implementing a new payroll system, the project aims to improve efficiencies across all departments, reducing payroll cycle time and minimizing staffing required for payroll operations. Project Deliverables: The project deliverables shall include: 1. Payroll system design, encompassing all necessary functionalities and user interfaces. 2. Coding and development of the new payroll system, ensuring it aligns with the business requirements. 3. Rigorous testing to validate the system's functionality, performance, and reliability. 4. Seamless implementation of an integrated system, compatible with the existing IT infrastructure. 5. Comprehensive user's guide to facilitate easy adoption and usage of the new system. Project Objectives: 1. Reduce payroll cycle time by 30%, leading to quicker processing and disbursement of employee payments. 2. Decrease payroll staffing requirements by 20%, optimizing resource utilization and reducing operational costs. High-Level Project Risks: 3
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ProjectManagementDocs.com 1. Ensuring implementation is completed without adversely impacting ongoing payroll operations. 2. Mitigating risks related to migrating payroll accounts from the legacy system to the new system. Success Criteria: The success of the Payroll project will be determined by the Project Sponsor, Van Johnson, Human Resources Director. The criteria for success will be met upon completion of the following milestones: 1. Successful implementation of the new payroll system, with no disruptions to regular payroll operations. 2. Completion of one full payroll cycle utilizing the new system, meeting the project objectives without any discrepancies or errors. Project Approach: The project will follow a phased approach, with close collaboration between the Payroll department, IT, and external vendors (if applicable). Thorough requirements gathering, system design, development, and rigorous testing will ensure a reliable and effective payroll system. Project Team: The project team will be composed of skilled members from the Payroll department, IT, and other relevant stakeholders. The team will be led by the appointed Project Manager and supported by the Project Sponsor, Van Johnson. Project Authority: The Project Manager is granted the necessary authority to manage the project, make decisions, and allocate resources in line with the approved project plan. Project Reporting: Regular project progress reports will be provided to the Project Sponsor and stakeholders, keeping them informed about milestones, risks, and overall project performance. Project Closure: Upon successful implementation and completion of the project objectives, a project closure report will be presented to the Project Sponsor and relevant stakeholders. The Project Manager, Bill Smith, is designated with the full authority to apply organization resources to the Payroll System Improvement Project. Bill Smith is hereby authorized to interface with management as required, negotiate for necessary resources, delegate responsibilities within the framework of the project, and effectively communicate with all contractors and management stakeholders to ensure the successful and timely completion of the project. As the Project Manager, Bill Smith holds the responsibility for developing a comprehensive project plan that outlines the strategy, scope, and deliverables of the Payroll System Improvement Project. He will closely monitor the project's schedule, cost, and scope during the implementation phase, ensuring that it stays on track and aligns with the project objectives. Bill Smith will exercise control over the project by continuously measuring its performance against predefined metrics and objectives. If deviations or issues arise, he will promptly take corrective action to realign the project and ensure its overall success. The authority granted to Bill Smith empowers him to make informed decisions, allocate resources efficiently, and manage the project team effectively. He will work closely with all 4
ProjectManagementDocs.com stakeholders to maintain clear communication and coordination, fostering a collaborative and cohesive approach to achieving the project's goals. By entrusting Bill Smith with this authority, the organization demonstrates its confidence in his expertise, leadership skills, and dedication to ensuring the Payroll System Improvement Project's successful implementation. With his guidance and strategic vision, we are confident that the project will result in a highly efficient and accurate payroll system, meeting and exceeding the defined objectives. The project plan for the Payroll System Improvement Project will be submitted and approved in adherence to the milestone schedule outlined below. Following approval of the project plan, resource allocation will be initiated, and project work will commence within 5 business days. Any schedule changes that may impact milestones require approval from the Project Sponsor. A detailed schedule, encompassing all project activities, will be provided in the project plan. The high-level milestone schedule is as follows: 1. Feb 1, 2023 – Project Plan Complete and Approved: The project plan, including the scope, objectives, deliverables, and resource allocation, will be developed and submitted for approval. 2. Mar 31, 2023 – Payroll Design Completed: The design phase will be completed, encompassing all aspects of the new payroll system based on the approved requirements. 3. May 31, 2023 – Coding Completed: The coding and development of the new payroll system will be finalized, ensuring it aligns with the project objectives. 4. June 30, 2023 – Testing Completed: Rigorous testing will be concluded, ensuring the system's functionality, accuracy, and reliability. 5. July 31, 2023 – Beta Testing Completed: Beta testing, involving a select group of users, will be finalized, verifying the system's effectiveness in a real-world scenario. 6. Sept 30, 2023 – Implementation Completed: The new payroll system will be successfully implemented, replacing the legacy system in its entirety. 7. Oct 15, 2023 – One Payroll Cycle Complete and Project Completion: After completion of one full payroll cycle utilizing the new system, meeting the project objectives without any discrepancies or errors, the Payroll System Improvement Project will be officially concluded. Throughout the project's lifecycle, the Project Manager will closely monitor progress and ensure adherence to the milestone schedule. Regular updates and reporting will be provided to all stakeholders, keeping them informed of project status and achievements. By following this milestone schedule, we are confident in achieving a successful and seamless implementation of the new payroll system, effectively enhancing the efficiency and accuracy of payroll operations at Jones Consulting Company . 5
ProjectManagementDocs.com The total budget allocated for the Payroll System Improvement Project is $420,000. This budget will cover all project-related expenses, including software development, testing, training, implementation, and any necessary hardware upgrades. The funding for this project will be sourced from the FYxx Human Resources Technology Budget. This budget allocation demonstrates the commitment of the organization towards improving payroll operations and investing in advanced technology to enhance efficiency and accuracy. The Project Manager, in collaboration with the Finance department, will closely monitor the budget throughout the project's lifecycle to ensure that expenditures remain within the approved allocation. Any significant budget deviations or changes will require approval from the Project Sponsor, Van Johnson, Human Resources Director. By securing the necessary funding through the FYxx Human Resources Technology Budget, we are well-prepared to execute the Payroll System Improvement Project and achieve its objectives effectively and within the designated budget. This financial commitment reflects our dedication to continuous improvement and streamlining payroll operations for the benefit of all stakeholders involved. 6
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ProjectManagementDocs.com S PONSOR A CCEPTANCE Approved by the Project Sponsor: Jhon Curls. _________________________________ Date:3/07/2023____________ Free Project Charter Template brought to you by www.ProjectManagementDocs.com 7