Remove strategic-initiatives
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A Quick Guide to Strategic Initiatives

ProjectManager.com

Although the term “strategic initiative” might sound like inflated business jargon, it’s far from useless. A strategic initiative is a compass that guides businesses and targets future goals. Strategic initiatives are large and complex, requiring a program manager to steer that big ship.

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What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

It’s not only communicative but helps management develop strategic plans so the company can accomplish its goals. Our roadmap is a Gantt chart that visually represents all of your strategic goals and related projects, including the steps necessary to accomplish them. Let’s explore those three levels below.

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How to Create a Strategy Map for Your Organization

ProjectManager.com

That is, they all develop strategic plans to achieve long-term goals to create value. If you’re unfamiliar with a strategic map, we’ll explain what it is and what is included in one. A strategy map is a simple graphic that illustrates the logical, cause-and-effect relationships between an organization’s strategic objectives.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Making sure your daily operations are working towards achieving those strategic goals and that they’re clearly communicated throughout the business or organization greatly improves by using a balanced scorecard. A balanced scorecard is a strategic management performance metric. What Is a Balanced Scorecard?

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How to Build and Implement a Project Strategy

ProjectManager.com

However, organizations use project strategy for more complicated strategic projects rather than operational projects. The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. They’ll help align the project with the organization’s strategic goals.

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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

This allows departments to participate in new projects and strategic initiatives, giving them buy-in on the finalized budget. Also, department objectives aren’t always aligned with the larger strategic goals of the company. This central, strategic method also makes the most out of scarce resources.

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Project Alignment: Aligning Your Project To Business Strategy

ProjectManager.com

Project alignment is when the project being planned and executed fits with the larger strategic goals of the organization running the project. When projects are properly aligned with an organization’s strategic goals, the organization realizes its full potential and achieves those goals faster. But that’s just one reason.