Cost Benefit Analysis of Change Management

Cost Benefit Analysis of Change Management

The logic is sound: projects and initiatives ultimately require individuals to do their jobs differently. The correlation data is clear (from Prosci and other sources): the likelihood of success increases with effective change management. However, organizations still seem to encounter some reluctance to fully invest and commit to change management. Many practitioners still face the situation where the decision to invest time, resources and budget in change management is not occurring.

Below is a cost-benefit analysis for investing in change management, including five perspectives on the benefits of applying change management on projects in your organization. Given the importance of change in today’s environment, these approaches to making the case for change management can ensure that change management is viewed as a “must have” and not a “nice to have” on the projects you support……Read More From Prosci Website