article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

This post dives into the profitable concept and practice of Value Innovation. It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy.

article thumbnail

How to Create a Strategy Map for Your Organization

ProjectManager.com

Let’s define each of these elements that make up the strategy map Strategic Objectives Strategic objectives are represented on the strategy map by ovals in which the strategic objective is defined. Those four perspectives are represented as rows on the strategy map and are defined below.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Components Of Project Portfolio Management

WorkOtter

In that case, you can risk misallocating essential resources to necessary projects and reaching long-term, sometimes multi-year, goals such as growth, revenue, or innovation. Performance Measurement Every enterprise, no matter how small, needs to measure its performance.

article thumbnail

Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

By plotting these factors and the corresponding value offered by the company and its competitors on the canvas, businesses can gain insights into their competitive positioning and identify areas where they can innovate and differentiate themselves. known for its innovative products like the iPhone, iPad, and Mac computers. Value: High.

article thumbnail

Score More: Resolving Issues in Using Balanced Scorecard Templates

Wrike

Learning and growth: This perspective evaluates the organization’s ability to learn, innovate, and develop its human capital. Misalignment with Business Strategy The Balanced Scorecard should reflect the strategic objectives and goals defined by the organization.

article thumbnail

Best PMI-ACP Exam Prep Books

Rebel’s Guide to PM

Agile Project Management: Creating Innovative Products by Jim Highsmith. Chapter 5 covers the agile project management model and then the rest of the book covers the process and project lifecycle in detail, with chapters on governance, scaling and performance measurement. Buy on Amazon. Buy on Amazon. Agile Practice Guide.

PMI 195
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Activity An activity is the actual, specific task that must be performed in a project, i.e., the tactical level of work. Agile A flexible and dynamic approach to project management that allows for iterative updates during defined time blocks, which allows for incremental value. Agile team A cross-functional group of individuals (e.g.,