While new technology initiatives are a regular part of the business landscape, more than 17 percent fail, sometimes generating large enough cost overruns as to put an organization’s future in jeopardy. Yet, even successful projects often fail to achieve the full range of intended benefits. In the case of a technology project seeking to hit its mark, from staying on budget to achieving the desired results, these failures can be traced back to shortcomings in how the human element of the project was managed. Effectively managing the transition can keep a technology initiative on track, help employees focus on the benefits of the new solution and support a positive rollout with lasting results.
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Source: News from HR Morning