{"id":2656,"date":"2024-01-10T20:06:09","date_gmt":"2024-01-10T20:06:09","guid":{"rendered":"https:\/\/keypractices.viagointernational.com\/?page_id=2656"},"modified":"2024-01-11T01:45:34","modified_gmt":"2024-01-11T01:45:34","slug":"risk-management-preventing-reversion-the-reversion-risk","status":"publish","type":"page","link":"https:\/\/keypractices.viagointernational.com\/?page_id=2656","title":{"rendered":"Risk Management &#8211; Preventing Reversion: The Reversion Risk"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2656\" class=\"elementor elementor-2656\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ae1ff10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ae1ff10\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4523fd8\" data-id=\"4523fd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a9e5be elementor-widget elementor-widget-heading\" data-id=\"3a9e5be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Risk Management - Preventing Reversion: The Reversion Risk<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ba0cfd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ba0cfd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8affc9e\" data-id=\"8affc9e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd8c6d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd8c6d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85bd42b\" data-id=\"85bd42b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84318a9 elementor-widget elementor-widget-html\" data-id=\"84318a9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"\">Sudden Results<\/h4>\r\n<p>When a phase change project is implemented in a business, the results are <em>sudden<\/em>.<\/p>\r\n<p>This creates a perception risk, as typically there is a perception in change projects that there will be a series of small, incremental changes.<\/p>\r\n<div class=\"alert-danger\">\r\n<ul>\r\n<li>Employees, stakeholders, and decision-makers are often unaware that the results of the rapid change project will be achieved very quickly.<\/li>\r\n<li>There are often multiple improvement projects concurrently underway across the business<\/li>\r\n<\/ul>\r\n<\/div>\r\n<p>These factors create lag and noise in peoples correlation of the gains to the the changes made.<\/p>\r\n<p>It appears that the change project did not cause the results, consequently, the commitment to the project and related gains is low.<\/p>\r\n<\/div>\r\n<h4 class=\"\">Watching the Wrong Metric<\/h4>\r\n<p>Often, businesses can lose sight of what they started the change project to achieve, and to complicate assessment the metric that is being directly impacted is not clear i.e. which metric(s) the project would improve the performance of.<\/p>\r\n<p>When there is not a clear measure of the project or Return on Investment (ROI) from the project:<\/p>\r\n<div class=\"alert-danger\">\r\n<ul>\r\n<li>The employees and stakeholders are not watching the performance of the correct metric and may be watching inappropriate proxy metrics.<\/li>\r\n<li>Once people adjust to the new reality, they forget what &lsquo;before&rsquo; was like, the new reality seems normal and it appears they have gained no benefits from the change.<\/li>\r\n<\/ul>\r\n<\/div>\r\n<p>For example, often, businesses gain increased visibility as a result of implementing a phase change project. This increased visibility can enable the business to make staff changes or process improvements that they were previously unable to make. As a result:<\/p>\r\n<div class=\"alert-danger\">\r\n<ul>\r\n<li>The benefits of the change get misattributed to the staff changes or process improvements and not the enabling change.<\/li>\r\n<\/ul>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bf62f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bf62f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e1a02e7\" data-id=\"e1a02e7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-faf3b4d elementor-widget elementor-widget-button\" data-id=\"faf3b4d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/keypractices.viagointernational.com\/?page_id=2687\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Next Lesson: Risk Management - Preventing Reversion: The Reversion Risk Continued<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ec5a4d elementor-widget elementor-widget-image\" data-id=\"4ec5a4d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/WrongMetric-300x200.png\" class=\"attachment-medium size-medium wp-image-1651\" alt=\"\" srcset=\"https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/WrongMetric-300x200.png 300w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/WrongMetric-1024x683.png 1024w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/WrongMetric-768x512.png 768w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/WrongMetric.png 1500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Risk Management &#8211; Preventing Reversion: The Reversion Risk Sudden Results When a phase change project is implemented in a business, the results are sudden. This creates a perception risk, as typically there is a perception in change projects that there will be a series of small, incremental changes. Employees, stakeholders, and decision-makers are often unaware &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/keypractices.viagointernational.com\/?page_id=2656\"> <span class=\"screen-reader-text\">Risk Management &#8211; Preventing Reversion: The Reversion Risk<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","footnotes":""},"class_list":["post-2656","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2656"}],"collection":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2656"}],"version-history":[{"count":31,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2656\/revisions"}],"predecessor-version":[{"id":2789,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2656\/revisions\/2789"}],"wp:attachment":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}