The calculation of financial value in a project, benefits minus investment, should also factor the time value of money and risk. Most project proposals or business cases include some form…
Category: Strategy Formulation and Execution
Synchronized Strategy Execution
Success in executing business strategy remains elusive. Norton and Kaplan claim that nine out of ten companies fail to execute strategy. This is similar to the success rate, or should…
The Office of Strategy Management: a Response to the Failure of Portfolio Management in Strategy Execution
The recent Pulse of the Profession on Portfolio Management from PMI calls for elevating Portfolio Management to a strategic level. However, the term “execution of strategy” is not even mentioned…
Is your corporate strategy a wishion?
“Wishion” is not a typo. Most companies have Mission and Vision statements that are sound and well written. Sadly, when it comes to strategy, what they have is a “Wish-ion”:…
Top-down is to Portfolio Management what Agile to Project Management
Top-down represents to portfolio management what agile represented to project management. In the mid nineties, as projects in information technology became more volatile and less predictable, most of them were challenged,…
Are super egos behind the frequent failure in formulating true strategy?
Mount Olympus is for immortals. It is hard to get to the executive floor, and those who make it usually have huge egos. When it comes to strategy formulation, egos…