Problem
Case Study: Change in Situation
Due to the recent data security breach of a major telecommunications player, the Federal Government has issued a requirement that data security practices for financial institutions must ensure that all personal data is encrypted and stored securely, and must be destroyed once the client is no longer a client. These practices must be updated and included within risk management frameworks within 3 months of the Federal Government issuing the directive. At the end of the 3 month period, financial institutions are to provide evidence of compliance to the Federal Government and APRA.
Task
Analyze the impact of this change to the project scope and schedule, and recommend how this change may be managed by applying project cost and schedule management techniques.