Remove Monitoring Remove Risk Management Remove Strategy Remove Sustainability
article thumbnail

Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W.

article thumbnail

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

ProjectManager.com

A balanced scorecard is a strategic management performance metric. It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. Once you’ve made a balanced scorecard, you’ll need project management software to fulfill the strategic goals and the plan to get you there.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Implementing Mitigation Strategies for Effective Risk Management

Wrike

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

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. What Is a Value Innovation Strategy? “Value innovation” is a concept introduced by W.

article thumbnail

The Ultimate Guide to Crafting a Sustainable Operations Strategy

Wrike

The role of sustainability has evolved beyond being a mere buzzword. A sustainable operations strategy not only helps companies reduce their environmental impact but also drives efficiency, enhances social responsibility, and improves overall economic viability.

article thumbnail

The Four Actions Framework – For Strategic Project Managers

The Strategic Project Manager

Then it looks at how the framework can be applied in devising strategy, and managing project, programs, and portfolios. The Four Actions Framework, also known as the ERRC framework, is a ‘blue ocean’ strategic management tool introduced in the book “Blue Ocean Strategy” by W.

article thumbnail

Benefits Management for Projects: How to Make a Benefits Management Plan

ProjectManager.com

Identifying, describing and measuring these benefits is called benefits management. Having a benefits management plan lets project managers maximize these outcomes for the organization and stakeholders, and it’s part of any successful project management plan. What Is Benefits Management? Try it for yourself today!

Planning 429