Project Background
FinTech Corp is a rapidly growing financial technology firm that has recently expanded its services across multiple regions. As the company scales, it faces increasing challenges in managing data privacy, compliance with regulations like GDPR, and ensuring data quality across its platforms. The executive team has identified the need for a robust data governance framework to address these challenges and support sustainable growth.
Team & Resources
| Role | Count | Key Person |
|---|
| Data Analysts | 4 | Lead: John (5 years in data governance) |
| Compliance Officers | 2 | Lead: Sarah (legal expert) |
| IT Security | 3 | Lead: Mike (cybersecurity specialist) |
| Project Manager | 1 | You (overall PM) |
| Stakeholder Liaison | 1 | Emma (cross-departmental coordination) |
Key Stakeholders
- CIO: Expects a framework that enhances data security and compliance without hindering operational efficiency.
- Head of Product: Prioritizes quick implementation to ensure product teams can leverage data effectively.
- Legal Team: Focused on ensuring compliance with all applicable regulations, willing to delay for thoroughness.
Complications
- The compliance team is simultaneously preparing for an external audit, which may divert resources.
- There is a lack of clarity on which departments will be impacted by the new governance policies, leading to potential pushback.
Your Task
- Develop a detailed 6-month execution plan with clear milestones and dependencies.
- Propose a strategy for managing stakeholder expectations and addressing potential resistance.
- Define success metrics for the implementation and a monitoring plan for ongoing compliance.
- Identify the top 5 risks and your mitigation strategies.
