The True Value of Change…

The True Value of Change…

The following is an extract from Peter Taylor’s (aka – The Lazy Project Manager) new book ‘How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all’ previous extracts followed a series of 5 Challenges that we believe every organisation should consider, and consider very carefully – and now we will look at the 5 tests of control:

 

“We have already identified in an earlier article that knowing the true value of your investment in change, and the consequential cost of failure to deliver this change is critical…On that basis now is the time for you to ‘do the math’ and work your change portfolio investment out.

Before you start how big do you think your Portfolio is right now and how big do you think it really might be? It will be interesting to compare later on.

OK – start with your Portfolio value – How simple is that to discover?   The figure doesn’t have to be 100% accurate, you are looking for a rough order of magnitude really – but if it is really difficult to even start with a ROM valuation you might consider why that is, and how can your organisation manage change if it doesn’t know the basics?

Assuming that you do have that number to hand now all you need to know now is the ratio of Compliance projects versus Growth projects.   The same argument stands in this case if you struggle to identify that percentage mix.   But again, it is a rough estimate that is needed for this exercise.

And then select or identify the Cost/Impact ratio and the growth Value Add ratio – these really should be part of your business case approval process by the way.

And finally, estimates of disruption ratio percentage (use say 20% if you don’t have a true idea of your own organisations percentage) and failure factor ratio percentage but only for the growth projects. For the compliance projects it could well be something like ‘Go to Jail, do not Pass Go) or some serious fine etc. – feel free to quantify this if you can of course – it may well be significant.

See original Change article here https://www.linkedin.com/pulse/view-from-top-peter-taylor/?trackingId=CRuOGQ0PPsHjSuEfaqYvkQ%3D%3D

TAKE THE TEST: Run the numbers and ‘do the math’ and then step back and take in the figure at the end

There you have it – the truth, the whole truth, and most likely, scarily nothing but the truth.”