Abstract: "We have an awesome strategic plan….so why can’t our people just execute it?”
Study after study has demonstrated that even well-defined strategies are only understood and executed in organizations between 10-25% of the time.
One barrier has been a lack of a real-time method for managers of an organization or chain of suppliers to view and update their strategic and operational plans, tactics and results.
In this presentation, we will review the tactics and strategies for merging agile strategies to create portfolios, programs and projects. Additionally, we will offer interactive exercises that will help participants visualize how they can use these tactics in their organization. Hands on exercises will commence with a self rating of participants company maturity using the Agile SIMM, rating and ranking of portfolio initiatives using agile sizing methods, and discussions regarding how to link and integrate agile strategy to project execution framework.
Topics will include various methodologies and tools that can be used to create and execute an awesome agile strategic plan:
- Discussion surrounding the use of lean methodologies for strategic management
- Discussion surrounding use of the CUE model for strategic management (Consolidate Activities, Use Lean Metrics that Matter, Eliminate Waste)
- Discussion surrounding the definition and myths of Agile Strategy Execution: the 3 A’s: Agile, Adaptive and Aligned
- Interactive activity using a simplified Agile Strategy Maturity Model (Agile SIMM)
- Strategy execution methodologies: Review 3 leading strategy execution methodologies with real world case studies (Intel/Google): Hoshin Kanri, Objectives, Goals, Strategies, Measures (OGSM), Objectives and Key Results (OKR)
- Obstacles of strategy execution based on prior research
- Present an agile strategy to project execution framework that includes the following: Strategy to initiatives, Initiative ranking, Project/portfolio ranking, Integrated cadence of review meetings
- Case studies and demonstration of an agile strategy execution software (ASE) to integrate, align and manage all strategic, tactical and performance information including goals, objectives, metrics, initiatives, tactics and projects.
- Final class discussions that will empower the audience to assess the current level of agile strategy using the agile strategy maturity model (SIMM) and begin to build strategic plans that can be used in their organization.
Learning Outcomes: - Learn about the definition myths and requirements of Agile Strategy Execution
- Measure agile maturity using the agile strategy maturity model (SIMM)
- Understand obstacles to strategic execution based on prior research
- Discuss the connection between strategy and execution for agile programs, projects and tactics
- Demonstrate a new Agile Strategy Execution Framework and tools
- Discuss how this model will connect the dots between your Strategy needs and execution
