Five best practices for managing strategic initiatives

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 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 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 Oct 2015

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

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.

Business

Five best practices for managing strategic initiatives

4 Comments/Reflections

Susan Swift Dec 2015

Lianda Van Zyl Oct 2015

Lianda Van Zyl Oct 2015

Bekithemba Hwalima Jul 2015

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