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Implementing
Strategy
Companies
develop strategies then need to implement them. Typically a project
is defined, a budget approved, a project manager appointed, resources
are assigned and the project kicked off and over time the project
is implemented. When the project is completed or well advanced it
becomes clear that the intended business benefits are not being
realised, or the project is over budget or behind schedule, or the
business has changed, or for some other reason the real business
value of the project is not what was expected or is needed.
Framework
for Implementing Strategy (FIS)
Stratege works
with you to enable you to implement successful strategic initiatives
using the Framework for Implementing Strategy (FIS). The FIS delivers
the necessary business models and business management infrastructure
to implement change initiatives in support of strategic change.
Included in the Framework are Portfolio, Program and Project Management,
together with Governance and Support Office information, tools and
processes.
What
does Program Management do for me?
Program
management is strategic and business based ownership of initiatives/programs
that enable realistion of business value. Project Management is
not enough to do this, witness the many well-publicised strategic
project failures. Program Management is a business management capability
that cannot be undertaken effectively using project management thinking
and techniques.
What
does Portfolio Management do for me?
Portfolio Management
is the process that enables the right programs to be selected and
reviewed to realise strategy and business goals, taking into account
management time, financial, people and any other scarce resource
availability. It is about optimising the investment in change initiatives
and subordinating program and project approval to business strategy
rather than departmental objectives. Portfolio Management ensures
you are running the right programs and manages the multiple project
muddle and project resource contention that is so common in organisations.
What's
the difference between initiatives, programs and projects?
Strategic initiatives
are groupings of tasks, projects and programs that collectively
enable the implementation of a strategy or securement of a strategic
outcome. Projects are a series of planned activities with clearly
defined start and end points, clearly defined deliverables and a
known pathway to the end point. Programs encapsulate business management
for strategy implementation, when goals and means are still being
clarified and sense is being made of what is needed and how to get
there. Projects are launched within programs once 'islands of order'
emerge in the sense-making stream for what needs to happen next.
Programs are about business management, projects are about technical
management of delivery.
How
can Stratege help?
Stratege
can provide you with expert guidance and help you implement the
FIS, or arrange a tailored service to provide you with the right
environment, support and governance:
| I
am at this stage >> |
Stratege
service >> |
| I
would like to know how this might apply to my organisation |
Stratege facilitates client-specific workshops for senior executives
to explore the applicability of Program and Portfolio Management
and the Framework for Implementing Strategy. Call
now!!>> |
| We
need help and guidance to set up Program and Portfolio Management
|
Stratege tailors consulting service according to your needs
and provides the expert knowledge and guidance necessary to
get you started. Call now!!>> |
| I
would just like to learn a bit more first |
Richard
Stoneham, Principal Stratege Consulting, will meet with you,
at no charge, to discuss your needs and potential solutions
. Call now!!>>
|
Read
this !! Download
'A
Systems Framework for Complex Projects'
for background
thinking.
Project
Management is not enough, you need a Framework for Implementing
Strategy.
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