Our Strategic Alignment & PMO Operations lead to immediate change and improvements.
Strategic alignment requires linking your project to the organization’s strategy. This means the project is aligned with the company vision, goals and objectives. And, this begins with the Project Management Framework or Organization. If you are going to achieve strategic alignment, then the executive team, management and project teams must be in lockstep. If any one of these levels of the organization is disjointed, it creates a trickle-down effect that is compounded at the most granular level.
We Can Do Better
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%.
Are Your Projects 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. So how do you improve performance and strategic alignment?
This requires hands-on, interpersonal work. Think’s Project Management Effectiveness Assessment 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 change and enduring improvement. Strategic Alignment is the overall outcome.
Our Three-Part Assessment
- Phase 1 – Executive Sponsor and Project Sponsor or PMO Team Interviews.
- Phase 2 – Project Management Alignment Assessment Report.
- Phase 3 – Implementing Alignment Options (identified in assessment report and utilizing the Rapid Control Process) based on Think’s Project Management Effectiveness Framework.
To learn more about each step of the Rapid Control Process, download a copy of the BKPM Pocket Guide.