Leading Strategic Initiatives

by Oleg Mizovmizovo@gmail.com

LegendLeadership - is a courage to see a reality clearly and help others to do the same

Program Management is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

Strategic Initiatives = ProgramsPrograms != Strategic Initiatives

Strategy - a tool to resolve an issue within the organization

Watch more Strategy Definition

Project vs Program ManagementProject Management Program Management

Purpose Provide deliverables by executing network of tasks

Deliver benefits by executing network of projects

DurationTemporary: has a finite start and end Longer time frame.

Is terminated with decision to disinvest.

Success Definition

Meet narrowly defined objectives(time/scope/budget metrics)

Meet Broadly defined objectives(benefits to different stakeholders)

Required Competence

Management Skills Leadership skills

Alignment TO specific functional or business level requirements

TO functional or business strategies

Benefits vs Deliverables

More Reading : Manage Benefits not Deliverables

● A project deliverable is any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process, phase or project.

● A project benefit, though, is an outcome of an action or decision that contributes toward meeting one or more business objectives.

○ Tangible (Money saved, vacancies created) or intangible (reputational, risk tolerance)○ Cash Quantifiable (cost optimization) and Not Quantifiable (Customer satisfaction)

Insight: Customers buy benefits, not features. A feature causes a benefit to happen

Introduction

Watch a video - Domino's® Pizza Turnaround - YouTube

What Things are in Common?➔ Problem Identification and Analysis➔ Solutio Definition➔ Team Work➔ Many Iterations (FailSafe)➔ Innovative Promotion➔ Delivery

Strategies Initiatives

Strategic Initiative

● Strategic initiatives are tools for closing performance gaps. ● As a leader, you need to help your organization “map the gap” and close the gap.

Program Leadership Roles

Watch more at Youtube - LIDS

Story Teller!

Chief Decision Maker

Chief Learning Officer

Chief Integrator Officer

Three Kinds of Strategy

Define a Strategy. Validation

Define a Strategy. Prioritization

Present a Strategy● Elevator Speech● Strategy as a Conversation

● The Vision Statement (e.g. better tasting pizza)● Strategic Pillars (e.g.support of franchisees, new product introduction, innovation in promotion)

● Seek for CEO BuyIn

Schedule a Strategy. Program Roadmap

Successful Criteria for a Strategy

❏ Strategy Initiative Closed the Performance Gap❏ Use Qualitative and Quantitative Metrics

Ballance is a Key thing

Short-term Vision & Planning

See Yourself and help others to see a Big Picture

Implement a Strategy

Rolling Wave

- Is Great for Product Development, R&D, High-Tech, StartUps- Is Good for Projects with Changing Scope

- Encourages Your Team for Adaptability- Encourages You for Planning

Poka-Yoke (Failsafe)

Think more at safe-fail-or-fail-safe

Questions?

Backup

Character FeaturesSuccessful Program Manager has these features to lead Strategic Initiative

● Capacity for Strategic Thinking (to be a Visioneer)

● Perfectly Fits the Business Model

● Change Driver

Strategy and Alignment

❏ Strategy Initiative Closed the Performance Gap

Strategic Initiatives as a Change-the-Business Tool