Strategic Blueprint: Aligning Projects with Organisational Goals
Transform project chaos into strategic success! Aligning projects with overarching goals is essential. This blog unveils a strategic blueprint with actionable insights to ensure your projects drive organisational goals and business success through strategic prioritisation and change management.
Introduction
Imagine this scenario - your organisation has multiple projects in motion across departments but they seem disjointed. Deadlines are frequently missed, budgets exceeded, and you struggle to see the tangible business value delivered. Sound familiar? This is a common challenge faced when projects lack strategic alignment with overarching organisational goals.
Effective project management is key for any organisation looking to accelerate growth and boost profitability. But it's not enough to execute projects well in silos. There need to be concerted efforts to align projects with the broader organisational strategy to maximise business impact.
This article provides a blueprint with actionable techniques to ensure your projects deliver tangible value by tying them back to organisational objectives. We will discuss strategies like prioritisation based on ROI, managing changes, tracking project success and more. By implementing these best practices, you can develop a robust project portfolio that accelerates your organisation towards its strategic vision.
Understanding Organisational Strategy
The first step is to gain a thorough understanding of your organisation's short and long-term strategic plans across the below key dimensions:
- What is the core purpose or mission of the organisation? What problem does it aim to solve?
- What is the desired future state or vision the organisation is working towards over the next 5-10 years?
- What are the guiding principles or core values that drive organisational culture and decisions?
- What are the 3-5 key strategic objectives your organisation wants to achieve in the next 3-5 years? For instance, increasing market share by 30%, new product development, geographical expansion etc.
- What are the specific annual corporate goals and KPIs for each business function like sales, marketing, operations etc?
This 360 degree perspective can be developed through open communication with leadership across multiple touchpoints and review of strategy documents, charters and annual plans.
