To gain a competitive advantage, many companies are undertaking an unprecedented amount of change to keep pace with competition, adapt to changing business demands or adopt new technology to enable their strategy. While the benefits of complex transformations can be great, they’re not without significant risks and not all companies achieve expected outcomes. Failure to manage the inherent and residual risks successfully can have many adverse consequences, including operational, reputational and financial impacts.
Despite the high stakes, these transformational initiatives continue to struggle. Most independent research suggests typical technology-enabled project failure rates are between 30% and 50% – a problem that’s gaining growing attention from boards, C-suite executives (including sponsors), and risk and audit executives. All these groups are recognizing the risks posed by large technology-enabled initiatives. They want answers to such questions as:
PwC’s Transformation Confidence team helps companies achieve the key business outcomes of their transformation by proactively mitigating the risks that matter most throughout the implementation lifecycle. In addition to traditional project delivery and risk management, our team also specializes in implementing and applying Agile, DevOps, and Continuous Integration/Continuous Development working practices to improve regulatory compliance, mitigate delivery risk and reduce release cycle times.
For example, most often, the team applies these capabilities and experiences in leading governance and project delivery activities for Cloud Enterprise Systems (including SAP S/4, Oracle, Salesforce, Workday and Microsoft Dynamics) implementations.
As we’ve done with many clients, PwC can work with you throughout your transformational journeys so that you can reap the intended benefits of your complex transformation.
Managing Director, Cyber, Risk & Regulatory, PwC US