3 essential steps for a successful transformation program

Are you planning a transformation plan to stand out in an increasingly competitive market? However, according to a McKinsey study, 70% of transformation plans fail. This measure is estimated at 84% in the context of a digital transformation. To help you do just that, in this guide we’ve provided 3 essential steps to follow in order to successfully develop a transformation program.

The importance of a collaborative framework for your transformation programs

The scoping sheet is an essential document for all those involved in carrying out a joint project. It can be used to plan the stages of the various objectives, as well as to rapidly present the stakes and risks of the actions to be undertaken. Solutions such make it easier to manage decisions, and monitor program progress.

In addition, the scoping note is a means of explaining and presenting the project in a concise manner, while mentioning the useful details. It describes the solutions and phases of the project, as well as the aspects and constraints to be considered. You can include items such as :

  • the project statement and framework,
  • the customer’s identity,
  • financial aspects: budget, profitability, cost, etc,
  • deadlines and schedules,
  • available and missing resources,
  • the stages of production.

The framework sheet must be accessible and comprehensible to all those involved inside and outside the company, whether or not they possess the necessary technical knowledge and skills.

transformation program

Visualize risk trends

Visualizing the evolution of risks is just as important to the success of your transformation program. Risk management involves identifying the main risks, communicating on them and implementing preventive and corrective actions. Depending on the situation, a back-up plan is even possible.

Among the different types of risk, we can mention technical risks, human risks, legal risks, risks related to deadlines, intrinsic risks… Once you have identified and categorized the risks related to your project, you can monitor their evolution using a risk assessment matrix.

Generate automatic flash reports

The flash report is a document designed to provide a macro and synthetic view of projects at a specific date. It’s an essential tool for keeping up to date with the company’s projects, and a useful project review reporting document for the steering committee.

It’s worth remembering that a project is distinguished by one or more unique objectives to be achieved, actions to be deployed and resources to be mobilized. All this, with well-defined start and end dates. Regularly scheduled flash reports enable us to communicate, assess and mobilize on the various facets of the project.

These essential phases will ensure the success of your transformation program. Don’t forget to enlist the help of experts for personalized advice.

Paul Maillet

Paul Maillet

Paul est un journaliste belge spécialisé dans les sujets économiques. Il travaille en tant que rédacteur et reporter depuis 20 ans. Il a publié plus de 150 articles sur le thème de l'innovation et de l'esprit d'entreprise, tant en ligne que sur papier.