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Businesses often have several strategic initiatives active at any given time. Some are in planning, others are in execution, and still others are wrapping up
Strategic projects bring full workloads, but a busy team isn’t always a guarantee that the effort is on track. When activity is high but progress is lagging, it’s important to figure out
Strategic projects are inherently necessary. They may enable the organization to remain competitive, meet compliance mandates, or maintain fiscal sustainability. However, many strategic projects elicit
Missed milestones not only put a strategic project’s schedule in jeopardy, they also chip away at stakeholders’ confidence that the team has the skills and
Some project activities aren’t much fun, and people are more likely to drag their feet when work is boring or tiresome. But because delays and
For strategic projects, the loss of a senior-level sponsor can lead to delays, scope creep, and resource constraints. That’s because an incoming executive may want
Every strategic project has assumptions nestled inside. Market demand will increase. Contract negotiations will be favorable. The necessary regulatory approvals will come through on schedule.
Strategic projects succeed when teams raise risks early enough for leaders to act. Escalating risks late creates significant problems, but attempts to surface issues promptly
Strategic projects typically involve a lot of participants from various groups. Maintaining progress as these different disciplines join and leave the initiative can be challenging,
When chaos hits a strategic project, executives can take top-level actions to help protect momentum. Teams executing complex projects often find it difficult to maintain progress if something disrupts stakeholders or the business in general. Workforce
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