Insights
Writing from the practice
Occasional pieces on the problems we work on: portfolio rationalisation, obsolescence risk, and the sequencing of separations and modernisation programmes.
August 2026
Obsolescence is a portfolio problem
Treating each ageing system as its own upgrade project is how estates rot politely. Obsolescence is a property of the portfolio, and it has to be managed there.
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August 2026
Sequencing an IT separation
In a carve-out, the deal timetable is fixed and the estate is not negotiable. What you control is sequence — and most separation pain traces back to sequencing it wrong.
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