Transformation / Turnaround Management Office (TMO)

World-class, large-scale change plans are obviously only valuable if they can be viably implemented. This often presents a challenge for managers as they struggle to balance the focus between running the program and handling day-to-day operations. As expected, this can limit the plan delivery and full value realization of any deal.

It is here where a Transformation/Turnaround Management Office (TMO) becomes essential: to act as the “orchestra director” across all areas to execute the plan. The TMO is the backbone of any large-scale effort—it sets the program rhythm and tackles the normal roadblocks that emerge from any rapid change experience.

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Overview

  • A Transformation Management Office (TMO) creates the structure, support, and visibility that are essential to drive sustained change.
  • Led by Senior Transformation Officer (typically external); supported by internal company team.
  • Main coordination body with program sponsors/leadership.

Main Responsibilities

  • Identifies and organizes the TMO team
  • Builds program tools to ensure adequate tracking and reporting of initiatives
  • Drives program governance and operational cadence to ensure adherence to plan
  • Embeds financial discipline to validate ROI of initiatives
  • Guides, challenges, and provides thought leadership to teams
  • Creates a robust change management culture to motivate the team and build the required capabilities to improve performance
  • Ensures an adequate program rhythm by synchronizing submissions across interdependent workstreams

At Catalycs, we can support CFO-sponsored large-scale programs by standing up the TMO and acting as the drumbeat for any large-scale plan.

Click here if you would like to learn more about our Transformation Management Office (TMO) approach.