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‘The Only Thing That Is Constant Is Change’ - Heraclitus
Organizations face change at an incredible pace. Within the Luxembourgish banking environment change must be orchestrated correctly on a first shot especially when dealing with regulatory projects where governmental bodies allow no second chances on meeting tight deadlines. Within projects Business Analysts (BAs) are the change agents that ensure change is accepted and understood by all project stakeholders. Cost reduction programs have hit the Luxembourgish banking sector heavily following the financial crisis of 2008. Banks today aim at getting things right in the first instance instead of doing things over and over involving additional costs, resources and time.
Cost of failures in a nutshell...
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