[Narrator] Traditionally, 50 to 70% of change efforts
fall short of their intended targets.
Common reasons for unsuccessful efforts include
not the right focus,
no predictability, siloed efforts,
no impact on the bottom line.
To help senior leadership focus their attention
on what matters the most,
and create an outcome-driven organization,
BCG developed a framework designed to structure
and confidently deliver executional certainty
within a transformational effort.
It includes establishing the correct governance,
aligning leadership,
communicating the upcoming effort broadly,
and successfully executing forward-looking
and cause-correcting initiatives.
To compliment and reinforce these principles,
BCG created Key by BCG,
a cloud-based program management
and performance improvement solution.
Key is designed to bring full transparency
across regions, roles, and program scope.
It is a platform that instills accountability,
identifies risks, and sparks action.
Key by BCG enables all stakeholders to monitor and report
on initiative and program progress in real time,
empowering those involved to take swift
cause-corrective action, ensuring results.
Because what gets measured is what gets done.
Here's how the organization and in particular,
the transformation management office, benefits
from Key's ability to track and predict performance,
elevate risks, and manage programs efficiently.
By hosting the solution on a cloud-based platform,
organizations avoid the time consuming and complex task
of consolidating multiple files,
a challenge commonly faced
by geographically dispersed teams.
At its core, the solution has user- and role-specific rights
so that each user only sees relevant information,
ensuring confidentiality at different levels.
Initiative owners drive day-to-day execution
of the individual roadmaps.
They agree on a set of critical deliverables and milestones
with the transformation leaders,
and lock that plan into place,
including any financial and operational impacts.
As the initiative moves from planning to execution,
the initiative owner provides immediate updates
on progress and identifies any anticipated risks
against the original plan.
Senior leadership can take necessary actions
based on the configurable objective status indicators,
that trigger yellow and red flags
before deadlines or impacts are affected.
The initiatives are stored within the program structure.
Various folders and levels
within the program structure are configurable,
to match the reporting lines and layout of the organization.
The program structure can also be reordered
by leveraging the matrix view,
allowing senior leadership to focus their attention
on the most relevant initiatives.
This helps to break down silos and increase visibility.
The reports and dashboards show real time updates
from individual initiatives
consolidated at the program level.
Key by BCG's dashboards and out-of-the-box reports
can be configured unfiltered to target specific audiences
or specific sets of information.
This gives leadership the visibility and insight they need
to drive cause-corrective action;
identify risks or upcoming deliverables;
understand how the overall portfolio
is projected to perform;
track and monitor financial impacts, operational KPIs,
and other leading indicators for successful execution
throughout the portfolio.
Create full transparency
and an outcome-driven organization to achieve
or surpass your planned outcomes.
Ensure value delivery with Key by BCG.