

Why 70% of Transformation Projects Fail | Accounting Influencers
25 snips Apr 19, 2025
Hannah Munro, managing director at itas Solutions and host of the CFO 4.0 podcast, shares her expertise on navigating organizational change in finance. She emphasizes that transformation is a continuous journey, not a one-time event. Munro discusses the high failure rates of change initiatives, urging professionals to adapt swiftly to fast-paced changes. She explores balancing personal stability with workplace transformations and highlights the need for effective communication and understanding to build a solid foundation for successful change management.
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Change Is Inevitable and Accelerating
- Change is inevitable and accelerating, driven by volatility and uncertainty.
- Finance professionals must step up to adapt and elevate their roles in this fast-changing world.
Define Clear Change Objectives
- Before starting any change project, clearly define the reason for change and how success will be measured.
- Without clear objectives, many transformation projects fail to meet their goals.
Measure Success Early and Often
- Always clarify how success will be measured before starting a project by imagining a future review.
- Use concrete KPIs to keep focus and assess if the project met its goals.