Date: Tuesday, November 18, 2008 | 1:00 pm ET (1 hour)
Presenter: James S. Pennypacker (Director, PM Solutions' Center for Business Practices)
ID and password will be e-mailed to you within one business day of registering.
The inability of organizations to effectively execute their corporate strategies is one of the major factors limiting their success. While effective strategy execution can be difficult, it is not impossible to achieve.A carefully planned approach to execution is needed to attain organizational strategic goals and objectives. Seven Steps to Strategy Execution describes such a planned approach and offers organizations a Strategy Performance Management (SPM) framework against which to map their progress.
SPM is an approach to business success that integrates aspects of the organization that too often operate asynchronously. An organization operating under the SPM framework links governance and performance management in each of seven key areas:
- Strategy Management
- Project Portfolio Management
- Program/Project Management
- Information Technology
- Structure
- Culture
- People
This approach, based on Center for Business Practices research, field-tested by PM Solutions' consulting practice, and published in book form in 2007, gives organizations a logical framework to help them communicate strategy to the people and processes that make it a reality. And it further builds organizational capability by continually measuring performance against the organization's selected strategy performance metrics.
Upon completion of the webcast, you will be able to:
- Identify the key concepts of Strategic Performance Management
- Recognize the barriers to effective strategy execution
- Describe how strategy, portfolio, program/project, and performance management processes can be successfully integrated
- Show how performance measurement is used to close the SPM loop and demonstrate value
