Once established and well maintained within an organization, the CoE enables visibility to the focus the organization has on excellence within key areas, and it eliminates risk of falling behind in certain areas of business as the CoE is not limited by standard processes and can instead focus on innovating and failing quickly as a part of it’s process to develop best practice. Additionally, a well led CoE enables the organization to monitor costs more effectively, by standardizing KPI’s and performance management processes that structure and accelerate continuous improvement efforts.
