Maintaining integrity on your transformational journey
To gain a competitive advantage, many companies are undertaking an unprecedented amount of organizational change. While the benefits of complex transformation can be great, they’re not without significant risks and not all companies achieve expected outcomes. Failure to manage the inherent risks successfully can have many adverse consequences, including operational, reputational and financial impacts.
Despite the high stakes, these projects continue to struggle. Most independent research suggests typical IT project failure rates between 30% and 50% – a problem that’s gaining growing attention from boards, C-suite executives and Internal Audit. All these groups are coming to recognize the risks posed by large IT initiatives. They want answers to such questions as:
- Are we on-time and on-budget?
- Are we delivering the planned scope?
- Are we maintaining the integrity of our control environment?
- Are we going to have a positive return on investment?