As companies strive to grow, they are faced with competitive pressures and technology advancements that drive them to undertake complex transformational initiatives. They impact the entire enterprise. Huge investments are made and there’s a lot at stake. There are many ‘moving parts’ that are foundational components to these enterprise transformation initiatives that can make them difficult to manage and execute successfully.
Take a look at some of the recent statistics:
- Over 80 percent of projects fail to achieve intended goals
- McKinsey Oxford Study: On average, Large IT projects run 45% over budget, and 7 percent over time while delivering 56 percent less value than predicted
- Harvard Business Review: 1 in 6 projects have an average cost overrun of 200 percent and schedule overrun of 70 percent
- Companies that do no change management on a project have a 50 percent longer time to achieve benefits or don’t achieve benefits at all.
With outcomes like these, companies need a strategic partner with expertise and experience in all aspects of enterprise transformation that they can count on.
Baker Tilly’s Enterprise Transformation Services practice has a track record of assisting organizations to avoid many of these challenges. With more than 100 ‘health checks’ performed for large complex enterprise transformation initiatives, we’ve helped companies assess the current state of their projects and provided roadmaps for improvement.
Our enterprise transformation team supports executives through enterprise-wide strategic change initiatives, helping them successfully navigate the complexities of their large scale transformation. From hundreds of implementations, we bring proven experience and structured approaches that can help lower program risk, enable organizational change, and optimize the business outcomes from the transformation.