What factors should be considered when assessing the total costs associated with change management over a fiscal year?

When assessing the total costs associated with change management over a fiscal year, several factors should be considered. These include the cost of resources needed to implement the change, such as personnel and technology. The time it takes to implement the change is also a significant factor, as time is money. Additionally, the cost of training staff to adapt to the change, potential productivity loss during the transition, and any costs associated with mitigating risks or issues that arise during the change process should also be taken into account.

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It takes time to implement a change, and time is money. Determine your change management cost in a table format that takes the timeframe into account. Assess how long each task will take across a four-quarter period and the total costs associated with the change over the course of a fiscal year.(Slide 26)

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Change Management (Part 2)

Change can be difficult. But effective management of the change process can lead to long-lasting improvements for both the business and its people. Fr...

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