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)