Strategic Alignment Assessment
Strategic alignment requires linking your project to the organization’s strategy. This means the project is aligned with the company vision, goal and objectives. To accomplish strategic alignment the executive team, management and project teams must be in ‘lock step’ together.
If any one of these levels of the organization is disjointed it creates a trickledown effect that is compounded at the most granular level.
According to PMI’s 2016 Pulse of the Profession report, the following statistics were discovered:
- $122 million wasted for every $1 billion spend on projects, a 12% increase from 2015;
- Only 51% of projects met goals or intent;
- Only 38% of projects completed were within budget;
- Of the projects that were completed, a measly 35% were completed ‘on-time’;
- More than half, or 53% experienced scope creep and;
- 21% of projects were considered a COMPLETE FAILURE
In contrast, it was discovered when organizations placed a priority on Strategic and Business Management, Technical Project Management, and Leadership (PMI Talent Triangle) that these numbers improved by more than 40%.
So, how do you know if your projects are strategically aligned?
Do you ever find yourself asking the following questions or experiencing these situations within your project or projects?
- The mission or objective seems to be constantly shifting dramatically;
- No one seems to care about the project I am running;
- I have no time to run this project;
- The commitment from other stakeholders seems to be lacking;
- Dedicated resources do not actually seem to be ‘dedicated,’ or;
- My budget is often pulled or it takes too long to acquire resources needed to complete the project.
These are just a few examples of indicators that your project may not be aligned.
How do you improve performance and strategic alignment?
This requires hands-on, interpersonal work. Think’s BKPMO Maturity Matrix is a good start. It represents the evolution of the project management team and its framework, tools, and approaches to achieve the highest level of effectiveness possible within the organization. Improvement options for higher levels of effectiveness become evident once a comprehensive picture develops. Applying focus to these areas allow for immediate and enduring changes. Strategic Alignment is the overall outcome.
How we assess
Phase 1 – Executive Sponsor and Project Sponsor or PMO Team Interviews.
Phase 2 – BKPM Alignment Assessment Report.
Phase 3 – Implementing Alignment Options (identified in assessment report and utilizing the Rapid Control Process).
To learn more about each step of the Rapid Control Process, download a copy of the BKPM Pocket Guide. The Rapid Control Process can be found on page 19.