MindMap Gallery Project set strategic consistency
This is a mind map about the strategic consistency of the project set, and its main contents include: summary, overview, project set risk management strategy, environmental assessment, project set roadmap, project set charter, and project set business argumentation.
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Project set strategic consistency
Overview
Definition: Project Set Strategic Consistency is the performance area that identifies project set outputs and outcomes in order to be consistent with the organization's goals and goals.
Responsibilities of Project Set Manager
A thorough understanding of how the project set achieves the strategy, goals and purposes of the project set and the organization, and the skills required to align with the organization's long-term goals
Ensure that project management plans are consistent with the goals and expected benefits of the project set to support the achievement of the organization's strategic goals and objectives
Develop a strategy
There are often preliminary evaluation and selection processes that help organizations decide to approve, reject or postpone those plans. The management maturity of the organization determines the formality of the evaluation and selection process
Organization: Project Portfolio Review Committee, Project Set Guidance Committee
Project Collection Charter
Issued by the sponsor, authorizes the project set management team to use organizational resources to execute the project set and link the project set to the organization's strategic goals.
Define the scope and purpose of the project set and be presented to the governance department for approval, funding and authorization
Acknowledge the commitment to organizational resources, identify the project set as the most appropriate way to achieve these goals, and trigger the project set definition phase
Business argumentation
is a written document for economic feasibility study to verify the benefits of project set delivery
Prove the need for a project set to exist by defining how the expected outcome of the project set supports the organization's strategic goals and goals
Business argumentation is an input to the project set charter and project set roadmap, and these three documents serve as part of the project set construction activity
Start and end points
In the project set construction substage, the project set strategic consistency process is started and run continuously until the end of the project set life cycle
Project set business demonstration
Who initiates and when: During the project set definition stage, the project set manager cooperates with key sponsors and stakeholders to conduct business demonstration of the project set
Scope: Business arguments can be basic and high-level, or detailed and comprehensive, often describing key parameters that can be used to evaluate the objectives and constraints of the expected set of projects.
content
Details of project integration results
The concept of approval
question
High-level risk and opportunity assessment
Key assumptions
Commercial and operational impact
Cost-benefit analysis
Alternatives
Financial Analysis
Inner and external benefits
Market demand or obstacles
Potential profit
Social needs
Environmental impact
Legal impact
Time of listing
Restrictive factors
How consistent is the project set and the organization's strategic plan
Sub-theme
effect
Describes the intention and authority behind the motivation of the project set, as well as the basic business needs concepts
As a formal statement of project sets of expected delivery value to justify the resources consumed for delivery value
It is a delivery result document that must be provided for the formally licensed money of the project set, and it is the main basis for investment in Juce.
Describes the criteria for success that apply to the implementation process of the entire project set
How to prove project collection success: Measure the success of a project collection by calculating the deviation between achieved results and expected results
Project Collection Charter
After the commercial argumentation is approved, the project set steering committee will approve the project set by approving the project set charter.
Definition: The project collection charter is a document derived from business argumentation that develops and authorizes the project path, defines the scope and purpose of the project collection, and presents it to the governance body for approval, funding and authorization
Key Elements
Project Set Scope
Assumptions
Restrictive factors
High-level risk
High-level benefits
Purpose and objectives
Success factors
time
Important relevant parties
Other terms that link the project set to business arguments (to achieve strategic consistency of the project set)
effect
Formally express the organization's vision, mission and project set to generate the expected benefits
It defines the specific purpose and objectives of the project set in line with the organization's strategic plan and supports business demonstration
Specify the project component management and supervision framework during project set implementation
Authorize the project set manager to lead other subproject sets to be launched
Clarify the measurement of success, measurement methods, and clear definition of success
Project set roadmap
Show the expected direction of the project set in chronological order, familiarize yourself with the dependence between major milestones and decision points in a graphical way, reflecting the relationship between business strategy and project set work
Environmental Assessment
Career environment factors
Definition: refers to various conditions that will affect, restrict or know the effect of the project set if the project team cannot control it immediately.
In order to deal with environmental factors, strategic goals will change. In this case, changes in organizational direction may cause the project set to deviate from the revised organizational strategic plan, and the project set will be changed, shelved or cancelled
include
Business environment, market, industry
Funds, resources
Health, safety and environment
economy
Cultural diversity, geographical diversity
Supervision, legislation
increase
Supply base
Technology, Discovery and Invention
Political influence
audit
New business processes, standards and practices
Environmental Analysis
Comparative Advantage Analysis
Typical business arguments include analysis and relatively real or hypothetical alternatives, and where appropriate, comparative advantage analysis may also include an analysis of hypothetical situations to illustrate that the objectives and expected benefits of the project set can be achieved through other means.
Feasibility study
Evaluate the feasibility of a project set based on business arguments, organizational objectives and other existing plans
SWOT Analysis
Analyze the advantages, disadvantages, opportunities and threats faced by the project set, and provide relevant information for optimizing the project set charter and project set management plan
SWOT analysis can also be used as an integral part of feasibility studies and business argumentation
Hypothesis analysis
Assumptions are considered correct, true or definite for planning purposes
Assuming it was initially determined in business arguments, it would affect all aspects of the project and is an integral part of the project and gradual details.
Project set managers should regularly identify and record assumptions and use them as part of their planning process.
Assumptions should be verified during project set implementation to ensure that assumptions are not obscured by time or other project set activities.
Historical information analysis
Both previously completed project sets and completed stages of unfinished project sets can be sources of lessons learned and good practices for new project sets
include
Previous project sets, projects
Perceived factors, indicators, risks and estimates that may be relevant to the current project set
During the project set definition phase, success, failure and lessons learned by historical information are particularly important.
Project set risk management strategy
Project set risk management activities: actively identify, supervise, analyze, accept, mitigate, avoid or retire project set risks
Strategic consistency risk management
Risk management strategies include
Define project set risk cutoff (key elements)
Implement preliminary project set risk assessment
Formulate a risk response strategy for high-level project sets
Determine how risks will be communicated with the organization's strategic level
Strategic consistency requires risk cutoffs to take into account organizational strategies including Paul’s risk preferences, which is an assessment of the organization’s risk acceptance and willingness to respond to risks.
Project set risk threshold
Definition: is a measure of the acceptable level of difference in project set goals, reflecting the risk preferences of the organization and project set stakeholders
include
Record the minimum level of risk exposure of a Fengxia in the risk register
Definition of qualitative (high, medium, low, etc.) or quantitative (numerical) risk level
The highest level of exposure that the project set can manage (exceeded will trigger an upgrade)
Establishing a risk cutoff value for the project set is an indispensable step in linking project set risk management with strategic consistency and should be done as part of early-up planning.
Based on the organization's risk preferences, project set governance, and cooperation with corporate governance, the project set management team can also be responsible for this work.
Preliminary assessment of project set risk
During the project set definition phase
To identify strategic consistency risks (critical), including but not limited to any uncertain events or conditions
Related risks should be considered when developing a project set roadmap and reviewing environmental factors
Risk consequences
Project set goals do not support organizational goals
The project set roadmap is inconsistent with the organization roadmap
Project set roadmap does not support project portfolio roadmap
Project set goals do not support project portfolio goals
The resource requirements of the project set do not match the organization's capabilities and capacity levels
After conducting a preliminary risk assessment of the project set, a risk response strategy should be formulated to complete the project set risk management strategy
Project set risk response strategy
Incorporate risk cutoff values and preliminary risk assessment elements into the plan
Risk response based on risk threshold
For each identified risk, risk cutoffs can be used to determine a specific strategy based on a range of rating criteria
For example: For an organization that can accept a 5% progress deviation
Risk cutoff: 5% delay in schedule
Risk Rating: No significant risks
Coping strategy: Accept
Reliable project set risk management strategies develop specific risk response strategies for each risk level that reflect the risk threshold of the project set.
Summarize
Project set strategic consistency is the project set performance area initiated during the project set definition phase
With the development of business argumentation, project charter and project roadmap, input and support from environmental assessment and project and risk management strategies
This upstream work results that arise from the project set management plan formulation process should be consistent with the organization's goals and goals