Editor’s Note: This article was originally published on the Bridgeforce blog and is reposted here with permission.

This blog shares the essential elements from initial concept to implementation to tracking benefits.

Uncontrolled and poorly executed change significantly increases risk in organizations. This risk can manifest financially (e.g., cost overruns, unrealized business case benefits), operationally (e.g., inefficient processes, manual workarounds, control gaps, errors, change fatigue), or reputationally (e.g., service failures, regulatory censure).

Mitigating these risks requires a disciplined approach to identifying and managing risk throughout the entire change lifecycle. This blog outlines the fundamentals of an effective change management framework, covering all stages of the change lifecycle, from the initial concept and funding approval to implementation and benefits realization.

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