M&A Advisor Network

Integration Playbooks: Don’t overlook creating an “Integration Charter”
One critical component of any integration playbook is a charter document and a governance process for decision making. Once integrations are underway you can’t stop and resolve issues relating to scope and governance-you won’t have time.
So, make sure you have a straightforward “Integration Charter” document that is signed off by all key stakeholders that:
• Defines the high level purpose and scope of the integration project
• Identifies the Project Sponsor (e.g. Division) and key stakeholders
• Authorizes the Integration Management Office to manage the integration project
• Identifies resource commitments for the required business function support

Governance:
Equally important is how to administer your integration and establish a governance framework that aids speedy decision making and issue escalation. An example of a governance model for what your IMO (Integration Mgmt Office) is responsible for is outlined below
Status Reporting:
• IMO is responsible for establishing reporting templates/process, training functional project owners, and collecting/summarizing results
• IMO is accountable for highlighting issues for the executive sponsors and reporting any functional reporting gaps
Issue Management:
• IMO facilitates cross-functional collaboration/resolution
• Functional Owners escalate within their function
• Those that cannot be resolved via collaboration, functional escalation will be escalated to executive sponsors
Project Scope Changes:
Initial Plans developed pre-close and approved by executive sponsors
• Changes to scope managed via executive sponsor approval

Synergy Initiative Changes:
• Initial Synergy Plan will be developed by functional owners through close collaboration with the IMO
• Changes to individual synergy initiative scope, amount, measurement method, or timing requires approval by executive sponsors

Discussion Forum

scott whitaker

Who Should Join This Group?

Started by scott whitaker Jun. 22, 2009.

 
 
 
 

Thank you for visiting the online community for mergers and acquisitions, financing, and turnaround professionals. Registration is complimentary to qualified professionals only.

© 2010   Created by The M&A Advisor.

Badges  |  Report an Issue  |  Terms of Service