Best practices, lessons learned and advice from your peers in the trenches.
Some 87 percent of businesses fail to execute their strategy each year. Disconnectedness is at the heart of the problem, according to strategic execution consultant Dan Prosser, whose new book offers eight insights into why and how to fix it, from the power of conversations to the possibilities in chaos.
The strategic PMO goes beyond tactical execution and helps an organization bridge the gap between high-level strategy and project implementation. Here is a roadmap to get there by focusing on capabilities, prioritization, resource allocation, value realization and, ultimately, delivery, which encompasses measuring, understanding variance, predicting, realigning and reallocating.
We need to ask meaningful questions to clearly understand and track the strategic alignment of our programs. Here are critical areas to review with stakeholders, covering vision, mission, objectives, structure, leadership, people, incenctives and adaptability.
High-performance teams keep it simple, stay focused and positive, create ownership, and take systematic approaches. These principles are also crucial to creating a continuous improvement culture and mindset, but many organizations get bogged down. Let’s take a closer look at why, and how common pitfalls can be avoided.
Smart, high-performing organizations are structured to react more quickly to external and internal shifts. They view the future as a possibility, change as an opportunity, and their strategy as the tool to get them there. Here are 10 strategic execution trends they will be focusing on in 2015.
Given their fundamental differences, can Agile and Waterfall methodologies really be combined without causing more headaches than the effort is worth? Yes, but like any successful marriage, it takes some compromise and adjustment. Here are a few guidelines to make it work and reap the best of both worlds.
The PMO may not have direct accountability for the execution of organizational risk processes, but it remains a key stakeholder, providing critical support in a number of areas that impact risk, including process ownership, faciliting change and influencing the project culture.
New regulations and reforms in response to the economic crisis have spawned countless compliance projects across industries. For project managers, the stakes are high — and the stakeholders have the power of the law behind them. Here are six best practices for managing projects in a regulatory environment.
How do strategic or organizational risk processes integrate with project-level risk management without causing duplication of effort or confusion? Let’s consider three categories of interaction between the organization’s portfolio and its individual projects.
Can the practice of stress testing improve the way we manage risk on our projects and programs? Yes, and here are two ways we can use this important approach, from identification of risk to organizational readiness.