UBS

Change Management

What is a Change Management?

A systematic strategy to cope with the transformation or transition of an organization’s goals, procedures, or technologies is known as change management. Change management’s ultimate goal is to put in place techniques for bringing about change, controlling it, and assisting people in adapting to it. An organized process for requesting a change, along with systems for responding to and following up on requests, are examples of such tactics.

Developing a change management strategy aids in easier transitions. You can require changes, but if you don’t have a strategy for implementing, monitoring, and reporting on their performance, you’re setting yourself up for failure. Change management provides you more control over the entire process, regardless of the sort of change you want to make – a process that often supports a costly implementation strategy and investment.

Basic Principles of Successful Change Management:

  • Create a climate for change 
  • Engage and enable change 
  • Implement and sustain change 
  • Review and reflect on the change 

How to Implement Change Management?

  • Define change 
  • Select the change management team 
  • Identify management sponsorship and secure commitment 
  • Develop implementation plan including metrics
  • Implement the change (in stages, if possible)
  • Collect and analyze data 
  • Quantify gaps and understand resistance 
  • Modify the plan as per the requirement and look back to the implementation step

Also, See: Risk Management

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