By: Eric Kimberling
In my experience leading Third Stage Consulting, I've seen firsthand how digital transformation and ERP implementation projects can easily stray from their intended path, facing myriad challenges. In this blog post, I'm excited to share with you the insights I've gained and the strategies I've developed for correcting projects that are off track or facing significant setbacks.
At Third Stage Consulting, we operate as a tech-agnostic, independent consulting provider. We guide our clients through every phase of their digital transformation journey, from the initial strategy and software evaluation to the implementation planning and execution. Our independence from software vendors ensures that our advice and strategies focus solely on what's best for our clients.
The importance of an unbiased approach in the marketplace cannot be overstated. Companies face various challenges and opportunities in today's complex and rapidly changing business environment. An unbiased approach provides several crucial advantages:
An unbiased approach in the marketplace is not just about ethical business practice; it's a strategic imperative. It enhances decision-making, builds trust, fosters long-term relationships, mitigates risks, provides deeper market insights, encourages innovation, boosts employee morale, and offers a competitive edge. This holistic benefit significantly contributes to a business's sustainable success and integrity.
Much of what we do at Third Stage Consulting revolves around helping clients salvage derailed projects. Our expertise lies in reassessing and reworking plans to align with the client's desired outcomes. This involves understanding the root causes of the project's derailment and implementing a strategic recovery plan.
First, I conduct a thorough assessment and analysis of the project's current state. This phase is crucial to understanding the work that's been done, the existing plan, its execution, and the deliverables. My focus here is on identifying root causes rather than just the symptoms of the problems, ensuring that the solutions address the core issues.
After pinpointing the challenges, the next step is to define and prioritize potential solutions. This process involves balancing the impact of these solutions against their cost and the project's resource limitations. I aim to identify changes that offer the most significant value with minimal disruption and effort.
With a list of prioritized solutions, I then develop a remediation plan. This plan should build upon the project's strengths, addressing the identified risks and challenges without undoing the progress. It's a phased approach, starting with the most critical solutions and gradually incorporating others.
When a project is significantly off track, I sometimes recommend a project reset or pause. This decision is based on a careful assessment of the project's status and the feasibility of its recovery with minor modifications. Making decisions that align with the organization's best interests is crucial despite external pressures.
Navigating the complexities of digital transformation and ERP implementation requires a strategic and thoughtful approach, especially when faced with challenges. By following these steps and seeking expert guidance when necessary, organizations can realign their projects with their intended goals and achieve successful outcomes.
If your project is struggling, remember it’s not too late to turn things around. I’m here to offer advice and guidance tailored to your unique situation. If you have any questions or want to have an informal discussion about project recovery, please feel free to reach out to me directly at Eric.Kimberling@ThirdStage-Consulting.com. I also highly recommend downloading our 2024 Digital Enterprise Operations Report and following our weekly podcasts or YouTube channel for more on the holistic approach to business technology.