Friday, May 25, 2007

Change is the Core factor

Enterprises today, more than ever, are under tremendous business, technology, regulatory, workforce and stakeholders pressures. Changing business models and competition are forcing organizations to constantly realign. Solutions offered by emerging technologies for business advantage cannot be ignored. Regulations are mandating for more granular information and adherence to evolving norms of compliance. Workforce is getting global and needs new strategies to manage costs and productivity. Increase in stakeholders’ expectations demand best practices to deliver reliable and repeatable success.

This has left organizations searching for answers to arduous questions like:

  • How to align projects and stakeholders to achieve larger corporate strategy?
  • How to reduce Total Cost of Ownership (TCO) and increase Return on Investment (ROI) to stay profitable?
  • How to manage systems and applications complexity with ever-changing market requirements?
  • How to make real-time intelligent decisions that are rooted in detailed information?
    How to comply with emerging regulations like the U.S. Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley) without undue burden to the organization?

  • How to effectively manage activities of global workforce to meet expectations?
  • How to trace artifacts, activities, participants and efforts associated with requirements and vice versa?
  • How to develop best practices, the “winning strategy”, to reduce costly errors and to increase repeatability of success?

    The fundamental factor in all of the above is “Change”. The answer to these, lies in a more fundamental question – How to manage change?

    To manage change, its impact, and associated risks on business and infrastructure is a complex and overwhelming task. This necessitates an in-house formal Change Management Process and a comprehensive Change Management product to enforce the process.

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