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    Developing Project Strategy

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    tjeffer
    The document provides tips for developing a successful project strategy by understanding business needs, aligning the project with company strategy, and finding the right sponsor. Key elements of success include understanding business needs, aligning with company strategy, finding a sponsor, creating a charter, and proper funding. Tips for ensuring success include focusing on business benefits, gaining management support, achieving measurable improvements, and reviewing projects to ensure benefits are realized.

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    Developing Project Strategy

    Uploaded by

    tjeffer
    29 views9 pages
    The document provides tips for developing a successful project strategy by understanding business needs, aligning the project with company strategy, and finding the right sponsor. Key elements of success include understanding business needs, aligning with company strategy, finding a sponsor, creating a charter, and proper funding. Tips for ensuring success include focusing on business benefits, gaining management support, achieving measurable improvements, and reviewing projects to ensure benefits are realized.

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    Developing Project Strategy[1]

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    The document provides tips for developing a successful project strategy by understanding business needs, aligning the project with company strategy, and finding the right sponsor. Key elements of success include understanding business needs, aligning with company strategy, finding a sponsor, creating a charter, and proper funding. Tips for ensuring success include focusing on business benefits, gaining management support, achieving measurable improvements, and reviewing projects to ensure benefits are realized.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    29 views9 pages

    Developing Project Strategy

    Uploaded by

    tjeffer
    The document provides tips for developing a successful project strategy by understanding business needs, aligning the project with company strategy, and finding the right sponsor. Key elements of success include understanding business needs, aligning with company strategy, finding a sponsor, creating a charter, and proper funding. Tips for ensuring success include focusing on business benefits, gaining management support, achieving measurable improvements, and reviewing projects to ensure benefits are realized.

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    Download as PPT, PDF, TXT or read online from Scribd
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    You are on page 1of 9

    Developing Project Strategy

    Ensure the success of your


    project by assigning the correct
    strategy and focus to it.
    Key Elements of Success
    • Understanding the need for the project.
    • Ensuring the company strategy is correctly
    aligned to the project.
    • Finding the right sponsor for the project.
    • Putting together a project charter.
    • Funding the project correctly.
    Tips to Ensure Success-1
    • Delivery of business benefits must stay a
    high-level priority throughout the project.
    • Stay focused on measuring business
    improvements, because measuring can
    make them happen.
    • Train and prepare system owners and
    users so they can fully utilize their
    systems.
    Tips to Ensure Success-2
    • Project managers need to allow for other
    benefits to emerge as system capabilities
    become better understood.
    • Do not expect suppliers to deliver business
    benefits. That’s your job.
    • At the end of each project:
    – Conduct an independent review to confirm that
    benefits have been realized.
    – Record lessons learned.
    – Apply them to future projects!
    Tips to Ensure Success-3
    • Focus on business benefits before
    focusing on technological ones.
    • Approve projects only when you’re
    confident that the projects support
    business objectives.
    – Get senior management on board.
    • Plan to achieve measurable
    improvements.
    Tips to Ensure Success-4
    • If you delegate responsibility for the
    management of a project or program,
    make sure this person is responsible to
    someone (or even your corporate board of
    directors) for delivering business benefits.
    • Plan sufficient resources for training.
    • Review projects to make sure that planned
    benefits are realized.
    Other Factors to Consider-1
    • There are many projects that get carried
    out just because some CEO wants them
    done. However, many of these projects
    don’t get off the ground, just consume
    resources, and are not in the company’s
    strategic portfolio.
    • Strategy makers and sponsors need to
    remember they are all on the same team.
    Other Factors to Consider-2
    • Businesses should fully analyze and understand
    the implications of introducing new systems for
    their organizations.
    • Major IT systems cannot be introduced in
    isolation from wider changes to the business.
    – It is imperative the businesses thoroughly analyze
    business ramifications of implementing a new IT
    system.
    – Introducing new systems should be based on clear
    business requirements.
    Strategy Completion Checklist
    • The project sponsor needs to make sure the
    following are filed within a main project folder to
    complete the strategic phase:
    – Project prioritization schedule, listing all priority
    projects
    – Marketing material in support of project concept
    – Business and IT strategic plans
    – Executive reports
    – Minutes of any meetings authorizing project decisions
    – Any and all correspondence relating to the project

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