The failure rate of business transformation projects is reported to be between 70-80%, largely due to these five key reasons:
- Lack of stakeholder involvement: Leads to misalignment and resistance.
- Lack of senior stakeholder support: Without leadership buy-in, projects often falter.
- Changing requirements: Poorly managed changes disrupt progress.
- Incomplete requirements: Leads to confusion and wasted resources.
- Poor planning: Results in inefficiencies and delays.
How HOBA® Can Help:
- Stakeholder Engagement: HOBA® ensures clarity and involvement at all levels.
- Structured Framework: The 6-step process minimizes risks and ensures alignment.
- Additional Resources: Read more in our blog: Understanding Transformation Failures (And How HOBA Prevents Them)
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