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
Outline how you will apply schedule and cost management tools and techniques to respond to this change, based on case study.