Successful cost optimization projects occur when they are used as a tool to support the company strategy.
Successful change management comes from within the organization itself. To succeed with companywide cost optimization programs, necessary actions must be taken and driven by stakeholders within the organization.
A key success factor is the establishment of high acceptance from the organization, achieved by broad stakeholder involvement and clear communication of measurable results at an early stage. Therefore, the process should be structured to achieve fast results and the communication needs to be transparent. A well-planned change management process will not only result in short-term gains but is the key to achieve sustainable results from a cost optimization project.