The foundation for the entire initiative, as this is when organisations gain deeper understanding of their current state of costs, identify opportunities for improvement, and develop a plan to achieve cost transformation.
Focus on validating improvement opportunities, including further analysis, estimating benefits for each validated opportunity, and prioritising opportunities for implementation.
Execute prioritised initiatives that will deliver the highest business benefits to the organisation, to achieve overall cost transformation goals.
Ensure people understand the benefits of initiatives and that new ways of working and other changes (automation, process, and technology) have been fully implemented, and are being adopted by everyone in the organisation.
Cost Transformation Canvas
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