I.D.E.A. to Manage Onboarding Companies that are Switching Banks or Service Providers

 

It is very daunting and challenging for a decent sized organisation to change service providers. These service providers range from financial services (banks), IT providers, accountancy etc. There are too many moving parts and could potentially cause a lot of headaches. If not managed well, this can lead to business disruptions, losses and might affect the reputation of the company. As such, transition management is important to manage the scope, timelines and costs of change. Transition manager also manages the communication between all stakeholders and resolve any conflicts that potentially could delay the transition go live. Transition management is basically not as complicated and does not utilize all the PMBOK knowledge areas but certain PM skills are required.

It is very daunting and challenging for a decent sized organisation to change service providers. These service providers range from financial services (banks), IT providers, accountancy etc. There are too many moving parts and could potentially cause a lot of headaches. If not managed well, this can lead to business disruptions, losses and might affect the reputation of the company. As such, transition management is important to manage the scope, timelines and costs of change. Transition manager also manages the communication between all stakeholders and resolve any conflicts that potentially could delay the transition go live. Transition management is basically not as complicated and does not utilize all the PMBOK knowledge areas but certain PM skills are required.