Phase one — scoping and the legacy stock decision
The first phase is not creative and it is not production. It is the legacy stock decision and the sign-off matrix, because both of these set hard constraints on everything that follows. If the bank has one hundred and twenty thousand AMD worth of unsold polo shirts sitting in the central warehouse, the rebrand is no longer a brand exercise; it is a write-down decision, and the accounting team has to be in the room.
The legacy stock review produces four outputs. First, an inventory by SKU showing quantity, cost basis, age and remaining useful life. Second, a retire-or-keep decision for each SKU, with rationale. Third, a disposal plan that respects confidentiality on branded items that bear the bank’s name (shredding, secure destruction, donation to a registered charity where the brand mark is removed, or controlled reissue to non-customer staff). Fourth, a written sign-off from the responsible owner for each SKU. The disposal plan is an audit deliverable in its own right; a regulated bank should be able to produce it on request from internal audit.
The sign-off matrix is the second output of phase one. It says who approves the new merch spec, who approves the per-branch rollout order, who signs each branch as complete and who has the authority to override the production schedule. A typical matrix for a mid-sized Armenian retail bank lists the brand director as final approver on spec, the regional retail manager as approver on rollout order, and the branch manager as sign-off on completion for each location. Compliance reviews the matrix at the kick-off and reserves the right to add a sign-off step on customer-facing items.
Decisions made in phase one that change the scope or budget of the project are the ones that cost the project the most. A late legacy-stock write-down, a late disclosure of an additional SKU the procurement team forgot, or a late “actually, can we also rebrand the courier bags” request is far more expensive than the same decision taken at week zero. Phase one normally takes one to two weeks and ends when the brand book, the legacy stock decision and the sign-off matrix are all in writing.