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LegendLeadership - is a courage to see a reality clearly and help others to do the same
Program Management is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
Strategic Initiatives = ProgramsPrograms != Strategic Initiatives
Strategy - a tool to resolve an issue within the organization
Watch more Strategy Definition
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Project vs Program ManagementProject Management Program Management
Purpose Provide deliverables by executing network of tasks
Deliver benefits by executing network of projects
DurationTemporary: has a finite start and end Longer time frame.
Is terminated with decision to disinvest.
Success Definition
Meet narrowly defined objectives(time/scope/budget metrics)
Meet Broadly defined objectives(benefits to different stakeholders)
Required Competence
Management Skills Leadership skills
Alignment TO specific functional or business level requirements
TO functional or business strategies
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Benefits vs Deliverables
More Reading : Manage Benefits not Deliverables
● A project deliverable is any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process, phase or project.
● A project benefit, though, is an outcome of an action or decision that contributes toward meeting one or more business objectives.
○ Tangible (Money saved, vacancies created) or intangible (reputational, risk tolerance)○ Cash Quantifiable (cost optimization) and Not Quantifiable (Customer satisfaction)
Insight: Customers buy benefits, not features. A feature causes a benefit to happen
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Introduction
Watch a video - Domino's® Pizza Turnaround - YouTube
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What Things are in Common?➔ Problem Identification and Analysis➔ Solutio Definition➔ Team Work➔ Many Iterations (FailSafe)➔ Innovative Promotion➔ Delivery
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Strategies Initiatives
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Strategic Initiative
● Strategic initiatives are tools for closing performance gaps. ● As a leader, you need to help your organization “map the gap” and close the gap.
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Program Leadership Roles
Watch more at Youtube - LIDS
Story Teller!
Chief Decision Maker
Chief Learning Officer
Chief Integrator Officer
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Three Kinds of Strategy
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Define a Strategy. Validation
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Define a Strategy. Prioritization
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Present a Strategy● Elevator Speech● Strategy as a Conversation
● The Vision Statement (e.g. better tasting pizza)● Strategic Pillars (e.g.support of franchisees, new product introduction, innovation in promotion)
● Seek for CEO BuyIn
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Schedule a Strategy. Program Roadmap
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Successful Criteria for a Strategy
❏ Strategy Initiative Closed the Performance Gap❏ Use Qualitative and Quantitative Metrics
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Ballance is a Key thing
Short-term Vision & Planning
See Yourself and help others to see a Big Picture
Implement a Strategy
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Rolling Wave
- Is Great for Product Development, R&D, High-Tech, StartUps- Is Good for Projects with Changing Scope
- Encourages Your Team for Adaptability- Encourages You for Planning
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Poka-Yoke (Failsafe)
Think more at safe-fail-or-fail-safe
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Questions?
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Backup
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Character FeaturesSuccessful Program Manager has these features to lead Strategic Initiative
● Capacity for Strategic Thinking (to be a Visioneer)
● Perfectly Fits the Business Model
● Change Driver
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Strategy and Alignment
❏ Strategy Initiative Closed the Performance Gap
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Strategic Initiatives as a Change-the-Business Tool