Last year, some 40,000 companies changed ownership, for a total deal value of some $5 trillion, according to Thomson Reuters. That means people are managing 40,000 massive transformation projects – but how well are they executing them? And have they been planned using the best practices of the professional field known as project management? Do the executive teams understand the importance of their roles as project sponsors?
These questions are worth asking; if any business and leadership activity ever cried out for project management skills, it is M&A.
Here are 10 steps to doing it right, based on my experience observing and managing many large integration projects.