Our story(ies) tell that cost reduction goals are part of strategy, stakeholders are aligned, sponsors committed and program governed and managed. Can it be done? Yes! However, content and methodology pitfalls do exist. How to overcome them?
- Let your strategic goals to be your “lighthouse”.
- Do not allow moving targets. Set effective top down goals and plan bottom up.
- Select your top man to lead the way – choose “costkiller” carefully.
- Attract people to want to be the part of the program. Small gardens are already in the company – don’t cultivate them any further.
- Negotiate!
- Allow the people to make mistakes.
- Let Euros/Dollars saved become the new currency.
- KISS with 5W? approach!
- Communicate and collaborate rather than use expensive IT systems.
- Thinking of hiring consultants? Well, buy solutions not time.
It is not easy, but it can be done! We write about it every week. Read us!
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