Change management is the application of a structured process and set of tools for leading the people side of change to achieve a desired outcome. Applying change management enables the organisation to deliver results on each change more effectively and build competencies that grow the organisations capacity to tackle more changes at one time.
Change create instability and introduces risk to the organisation, if not managed well, projects are at risk of not meeting objectives and risk scope creep and budget impacts. Studies in the effectiveness of Change Management when executed to a high standard identify that a project is 5 times more likely to stay on or ahead of schedule and 6 times more likely to meet objectives.