The failure rate of business transformation projects is reported to be between 70-80%, largely due to these five key reasons:

1. Lack of stakeholder involvement: Leads to misalignment and resistance.
2. Lack of senior stakeholder support: Without leadership buy-in, projects often falter.
3. Changing requirements: Poorly managed changes disrupt progress.
4. Incomplete requirements: Leads to confusion and wasted resources.
5. Poor planning: Results in inefficiencies and delays.

How HOBA® Can Help:

1. Stakeholder Engagement: HOBA® ensures clarity and involvement at all levels.
2. Structured Framework: The 6-step process minimizes risks and ensures alignment.
3. Additional Resources: Read more in our blog: Understanding Transformation Failures (And How HOBA Prevents Them)