Summarize the project budget approved $($within the Business Case$)$ as follows:

Category Cost$$ Value

PeopleA Regulation Change

Banking regulations require bank employees to complete training regarding appropriate use of social

media accounts. At Saint Louis University Bank, this training is owned by HR and deployed with annual

required training. In $2021,$ in anticipation of an upcoming regulation change, HR began work to replace

the current vendor$-$provided course. Soon after, the regulation was delayed and the bank shelved the

project.

Recently and unexpectedly, a similar regulation resurfaced and was approved, effective January $1,2022.$

Prior to the change, all employees were required to complete $1$ hour of training annually. As of $2022,$

some employees may satisfy their requirement with a $20-$minute course. In $2021,$ compliance indicated

that $30\%$ of employees were eligible for the shortened course per the regulation proposed at that time.

In response to the new regulation, your division manager recommissioned a project to replace the

existing course for eligible employees. Your direct leader is the Business Leader and you are the Project

Manager.

$$ Salaries of project staff

$$ Contractors and outsourced parties

$$ Training courses $ x

$ x

$ x

Physical $$ Building premises for project team

$$ Equipment and materials

$$ Tools $($computers$,$ cabling, phones...$)$ $ x

$ x

$ x

Marketing $$ Advertising $/$ branding

$$ Promotional materials

$$ PR and communications $ x

$ x

$ x

Organizational $$ Operational downtime

$$ Short$-$term loss in productivity

$$ Cultural change $ x

$ x

Describe