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Project Management: The Relocation of the Company - Term Paper Example

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The author of the paper focuses on the company location, an important element of the company's market position and ironically the essential factor for a company’s relocation is the historic market positioning as the company needs to restructure accordingly. …
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Project Management: The Relocation of the Company
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Download file to see previous pages Most of the businesses do not have the right resources or enough time for corporate relocation. There are also rules and regulations that the company need to comply with as there can be legal implications on the relocation. (Abhishek Agarwal, n.d)
Changing the headquarters can be an emotionally traumatic issue and can affect the morale and productivity of the employees. To keep up with confidentiality, the companies need to analyze and discuss the potential relocation with the executive management team, the most important decision makers and managers. (Dennis J. Donovan)
The risk involved in the relocation should be assessed correctly and should be managed adequately. This exercise needs to be made at each phase of the relocation process to ensure risks are managed proactively. The business needs to identify the risks so that the normal flow of the business is not disrupted. (Dennis J. Donovan)
It is essential that the company try to leverage the strategic advantages to the new location and increase the turnover. Many corporations relocate to lower cost locations which will help in reducing their overall costs of doing business. The cost savings can be low real estate costs, facility costs, salary, and low labor costs and tax in different locations. (Dennis J. Donovan)
Phase 1 of the relocation usually happens 3-6 months before the relocation date. Creation of proper budget is the first step towards the relocation process. (Office Relocation Checklist) There must a clear business case that captures the details of anticipated benefits, costs involved and other risks involved. ...Download file to see next pagesRead More
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