The Project Management Institute says firms that effectively use change management do the following things better than their minimally effective counterparts:
- They are 7 times more likely to detect change in the external environment.
- They are 3 times more likely to leverage significant changes.
- They are 5 times more likely to establish change management beyond major projects – mostly to help achieve changes in culture.
- They are 5 times more likely to work across functions.
These organizations have a 50% better chance of projects coming in on-time, on-budget or on-spec while they have an 80% better chance of meeting or exceeding ROI goals.