Simply put, it’s the management of change within a group or organization. Regardless of the change management model a company has decided to use, the common denominator between all of them is people.
Successful change management requires frequent and clear communication between an organization and its people. Thus, an essential part of organizational change management is not only managing all the moving parts but also understanding how people process change.
Change management and project management work hand in hand to minimize the ripple effects when change comes down the pipeline. Think of them as two sides of the same coin: the technical side and the people side. Project management handles the technical pieces during a change while change management focuses on people’s reactions to change.
Change management can ensure standardized methods, processes and procedures which are used for all changes, facilitate efficient
Prompt handling of all changes and maintain the proper balance between the need for change and the potential detrimental impact of changes.
So why is successful organizational change management important? Because companies that can efficiently adapt to change outperform their competitors by 3.5 times.
Benefits of Change Management
- assess and understand the need and the impact of change.
- align resources within the business to support the change.
- manage the diverse cost of change.
- reduce the time needed to implement change.
- support staff and help them understand the change process.