Transform and Thrive - A step by step guide for successful execution of transformation projects and programs

This book is aimed at increasing the success rate of transformation projects and programs. It focuses on providing project management practitioners and business leaders with the qualitative information and knowledge to deliver the envisaged 'value' to organizations by successfully executing transformation projects and programs. Organizational transformation projects are among the most challenging endeavors that enterprises undertake. Failure rates are high. Organizational transformation projects are among the most challenging efforts that enterprises undertake. Failure rates are high. The rate of change in business environments is ever increasing. Globalization and innovations in technology have significantly changed the way businesses are managed today. To meet performance expectations or to stay ahead of the competition, organizations need to keep transforming. The rapid change in business requirements has also brought in new challenges to existing practices of Project Management. Organizations expect project managers to deliver 'value' to the business and not only the assigned 'scope' and to handover a transformed organization in time and within the budget. The need to deliver 'value' and a 'transformed organization' has changed the role of a project manager to a transformation leader. Successful project execution is critical in providing required results faster and remaining aligned with an organization's objectives. A professional approach can significantly increase the chances of success of projects and programs. Projects that follow project management methodologies led by leadership that is equipped with the required knowledge and skills have a substantially higher success rate as compared to the projects where the project leadership is not adequately skilled and knowledgeable. Many businesses, public sector undertakings, and not-for-profit organizations are reaping the benefits from the successful implementation of transformation programs. High performing organizations and progressive economies have adequately invested in building required project management processes and skills and have significantly increased the rate of success in executing transformation programs. However, many projects/programs fail to deliver envisaged benefits, mainly due to poor execution. The number of transformation programs that fail or are only partly successful is more than the successful ones. Though organizations spend lots of resources on transformation initiatives, measurable downstream benefits like higher customer satisfaction, on-time delivery, and cost reduction, often fall well short of expectations. The book explains the best practices for executing transformation projects and programs, taking the reader step by step through all the stages and aspects of the transformation journey. It will thus serve as a useful and insightful manual or guidebook. The book also discusses reasons for project and program failures, skills required by transformation leaders, and the process of setting up a transformation management office.

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