With leadership and the correct tools, we can evoke change and control when, where, how and at what pace change is realized.
To have good Governance, vertical and horizontal alliances to bring about desired change are needed. We have a process to bring together Global, Regional, and Local leaders, with diverse functions within an organization, to communicate directly, assuring strategic alignment on change. This assures business goals are known and met.
There must be a shared interest in the vision and deployment of resources to achieve transformation. Organizational alignment and structure are the foundation of transformation. Development and practical employment position an organization to address Industry 4.0 challenges successfully. Both large-scale programs and simple projects can benefit from proper alignment of people, process, and purpose.
An investment request needs to be supported by: a budget, a process to manage, people who are knowledgeable and responsible, and savings potential. Well run budgeting meetings (that follow a process and cadence) creates confidence at all levels of management. This control will ensure compliance audits are passed.
Programs and projects have many functional groups and vertical stakeholders. To save time, schedules must be adhered to (only modified with collective agreement from the team). Meetings assure obstacles are eliminated, resources are focused, and business realities are dealt with effectively. Every level of management should be keenly focused on the schedule as it is more important than program cost–schedule achievement means quicker ROI.
Trends in technology growth are difficult to maintain due to the speed of the advances. There are, however, guidelines to ensure a path is achievable and relevant to business strategies. Information Technology has a vital role in the design, development and deployment of technology. Issues with technology can be very complex and require devotion and skill to be effectively resolved. Research, consultation, and supplier help all take part in solving the complex nature of technological transformation.
A lack of governance can lead to a team where roles and responsibilities are unknown, creating frustration and reduced productivity.
Improper, or lack of governance, causes miscommunication and muddled messaging throughout the organization, unclear objectives, and overspending. This results in activities that are misaligned to business goals. More often than not, this in turn leads to projects running over schedule and more meetings to correct these problems, pulling time away from more important tasks.
Governance provides a complete method of Management
Governance assures stakeholders are sought, known, and part of the team
Governance allows executive leadership opportunity to explore program fit
Governance creates needed committees to assure wholistic change
Governance assures company policy is part of deployment
Governance gives ample voice to decision making and execution
Governance allows for effective monetary discipline
Governance expects and prepares for audit controls
Governance expects responsibility to be taken and used to teach next level leaders