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Business

Five best practices for managing strategic initiatives Logo aicpa

  Bob Paladino, CPA |   Free |   AICPA & CPA.com |   05 Jun 2014 |   Corporate finance Insider

Many organizations today are afflicted by too many concurrent projects. The good news is that leading organizations have figured out how to manage their portfolios and outperform their peers. This article does not attempt to capture all the best practices and techniques to accomplish those desired outcomes; rather, it focuses on five best practices from one exceptionally successful program, at a leading hospital chain, to provide focus to accelerate your company’s financial, customer, process, and people results.

Topics covered:
  • Management accounting: Business: Project management, Advanced
  • Employee benefit plan auditing: Business: Project management, Advanced
  • Governmental auditing: Business: Project management, Advanced
  • Financial accounting & reporting: Business: Project management, Advanced
  • Assurance: Business: Project management, Advanced
  • Not-for-profit: Business: Project management, Advanced
  • IT management & assurance: Business: Project management, Advanced
  • Firm practice management: Business: Project management, Advanced
  • Tax: Business: Project management, Advanced
  • Forensic & valuation services: Business: Project management, Advanced
  • Fair value measurement: Business: Project management, Advanced
  • Personal financial planning: Business: Project management, Advanced

4 Comments/Reflections

Susan Swift

Susan Swift Dec 2015

At a strategic level projects are competing for resources so need to be prioritised.

Time is a vital resource and reduced lifecycles can mean more projects. It's esp important to have regular review of projects.

Lianda Van Zyl

Lianda Van Zyl Oct 2015

Prioritisation, Sponsorship, Governance, Overview & review, Speedy approval

To be able to run consecutive projects it will be best if the 5 mentioned are included. From the start to give order and responsibility on projects to keep the projects structured and to give people motivation.

Lianda Van Zyl

Lianda Van Zyl Oct 2015

Prioritisation, Sponsorship, Governance, Overview & review, Speedy approval

To be able to run consecutive projects it will be best if the 5 mentioned are included. From the start to give order and responsibility on projects to keep the projects structured and to give people motivation.

Bekithemba Hwalima

Bekithemba Hwalima Jul 2015

The article gives a good insight into the key points that an organisation should consider to ensure that there is clarity and focus in the management of strategic projects.