Making sure your investment in change delivers
It is a big decision to invest your hard earned profit into changing and improving your business, so the last thing you want is for the promised value to drift away.
Don’t assume that just because you have individual change initiatives under control then your overall change portfolio will manage itself. That would be the same as assuming individually precisely controlled aircraft can all land safely without the aid of air-traffic control! If you don’t get this portfolio level control in place:
■ Poor decisions will be made from incomplete or incorrect information, without a single version of the truth running across the portfolio
■ Dependencies will not be understood and tracked, resulting in unexpected delays and frustrations from your delivery teams when expected inputs don’t arrive
■ You will execute your programmes in the wrong order, and not maximise the speed of value delivery to the business
■ Value will erode, as overall cost increases, confidence decreases and change becomes irrelevant within the wider business
There are a number of steps that need to be taken to avoid this. A small, but highly effective, central portfolio management team will often be required to facilitate these.