Last updated on Apr 7, 2024

What are the factors that impact the success of a transformation project?

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If you are leading or involved in a transformation project, you know how challenging and rewarding it can be. A transformation project is a large-scale change initiative that aims to improve the performance, culture, or capabilities of an organization. However, not all transformation projects succeed. According to a McKinsey survey, only 16% of respondents said their organizations' transformations improved performance and could sustain those gains over time. What are the factors that impact the success of a transformation project? In this article, we will explore six key elements that you need to consider and manage effectively.

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