STRATEGIC INITIATIVE MANAGEMENT

M

ost organizations have large volumes of initiatives, however, not all initiatives have the same value or the same risk-reward profile. Strategic initiatives support corporate strategy and defined based on their significance and the expected values. They compete with each other for priorities, resources, budget and time. However, not all have the same value or the same risk profile.

Strategic Initiative Management is a formal approach that an organization can use to orchestrate, prioritize and obtain full benefit from projects. This approach examines the risk-reward of each project, the available funds, the likelihood of a project’s duration, and the expected outcomes.

These initiatives compete with each other for priorities, resources, budget and time. However, not all have the same value or the same risk profile.

Without proper SIM discipline, organizations tend to start more initiatives than they can resource, manage and orchestrate. The result? Costs are up. Performance is down.

We will assist in establishing a Portfolio Management discipline and its application tailored to your realities and preferences.

This approach examines the risk-reward of each project, the available funds, the likelihood of a project’s duration, and the expected outcomes.

However, classic project management approaches lack the links to strategy, change and governance needed to deliver strategic results. And this leads to the vexing strategy execution gap.

Our service offerings in area of Project Management Office include:

• Defining of Initiatives to achieve business strategy
• Project Portfolio Management Development and Set Up
• Project and Program Execution to closure