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Jason Orloske: What Project Professionals Should Know About Strategic Development

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Jason Orloske: What Project Professionals Should Know About Strategic Development

  1. 1. What Project Professionals Should Know About Strategic Development How Leadership “Knuckleheads“ Come Up With Strategy
  2. 2. First…. What is your company’s #1 goal? What is a strategy to meet that goal? How are you contributing? BTG Consulting, LLC
  3. 3. More Than Just The Iron Triangle BTG Consulting, LLC
  4. 4. We’ll Cover • What Is Strategy & Why is it Important • How Leadership Comes Up With Strategy • Communicating Strategy • How Project Management Impacts Strategy BTG Consulting, LLC
  5. 5. 20+ Years as an “Accidental” Project Professional
  6. 6. “How do you knuckleheads come up with strategy, anyway?” BTG Consulting, LLC
  7. 7. What Is Strategy? BTG Consulting, LLC A Plan for Success! A Shared Understanding Common Language Uncertainty Collection of Intentional Decisions
  8. 8. What is Strategy? Strategy Answers “How” Questions: • Out-Perform Competition • Respond to Change • Manage Functional Pieces of the Business • Improve Market & Financial Performance BTG Consulting, LLC
  9. 9. Why is a Good Strategy Important? • Know the Priorities • Reduces Confusion/Frustration • Increases Morale • Lower Turnover • Reduces “Office Politics” BTG Consulting, LLC
  10. 10. “Create so much clarity that there is little room for confusion, disorder, and infighting” – Patrick Lencioni BTG Consulting, LLC
  11. 11. Strategic Team Who are the Knuckleheads? BTG Consulting, LLC •Small Group •Cross Functional •Ask Questions •Intellectual Conflict •Commit
  12. 12. How Do Knuckleheads Come Up With Strategy? BTG Consulting, LLC
  13. 13. Prerequisites for Creating a Strategic Plan MISSION STATEMENT VISION STATEMENT GUIDING PRINCIPLES SWOT PEST GOAL BTG Consulting, LLC
  14. 14. What is a Goal? •Dreams •What you want to achieve •Broad and Intangible •Can be for the Whole Company, Division or Department BTG Consulting, LLC
  15. 15. Which Type of Strategy is This? BTG Consulting, LLC Growth Stability Retrenchment
  16. 16. Value Chain Set of Activities Break Out Functions Every Company Has This BTG Consulting, LLC
  17. 17. Fact-Based Decisions Have Data Available
  18. 18. Long Term Vision – Agile Thinking Look Beyond Quarter- by-Quarter Conduct External Forces Analysis BTG Consulting, LLC
  19. 19. Focus on Systematic Growth • What Business Segments Will Grow • Which Areas of the Value Chain Are Impacted • What Proportion & Timing - BE SPECIFIC! BTG Consulting, LLC
  20. 20. Trade-Offs BTG Consulting, LLC
  21. 21. Knucklehead Communication BTG Consulting, LLC
  22. 22. #1 Rule of Communication BTG Consulting, LLC KEEP IT SIMPLE!!
  23. 23. Communication
  24. 24. BTG Consulting, LLC
  25. 25. Strategic Alignment Strategy has no real effect on organizational performance Aligning Activities to strategy makes all the difference BTG Consulting, LLC
  26. 26. It Starts With….Portfolio Management PRIORITIZING THE RIGHT PROJECTS TO BE DONE AT THE RIGHT TIME WITH THE RIGHT RESOURCES WHILE MINIMIZING ORGANIZATIONAL RISK TRACK/REPORT ON KEY METRICS
  27. 27. Tactics
  28. 28. Amplify Strategy BTG Consulting, LLC
  29. 29. Now Flip’m! What is your company’s #1 goal? What is a strategy to meet that goal? How are you contributing? BTG Consulting, LLC
  30. 30. So Tomorrow…
  31. 31. Let’s Try It! • What is a GOAL You’d Like to Achieve? • Is this personal or professional? • What is a STRATEGY to achieve the goal? • Is this a GROWTH, STABILITY, or RETRENCHMENT? • What Set of Activities Do You Have In Place? • What SPECIFIC METRICS Have You Set? • What TRADE-OFFS Are to be Made? • How Will You COMMUNICATE Your Strategy? • Social Media, Blog, VLOG, etc? • What TACTICS Will You Use? • How Will You Track PROGRESS Against Metrics? BTG Consulting, LLC
  32. 32. Thank You! LinkedIn: https://www.linkedin.com/in/jason-orloske-mpm-pmp-csm-cm- 44174a9/ Twitter: @FargoProjectMgr Website: btgconsulting.biz BTG Consulting, LLC

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