This post dives into the profitable concept and practice of Value Innovation. It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? “Value innovation” is … Read more
This post takes a strategic view of the project management software landscape. First, it identifies a dozen key features of PM software. Then it compares functionality across those key features for 10 popular PM software vendors. Next it identifies strategic implications by citing 5 strategy frameworks that can be helpful. Finally it identifies project management … Read more
This post examines an interesting strategy implementation model, the OGSM framework – composed of Objectives, Goals, Strategies, and Measures. It outlines the framework, provides lots of examples of each of the components, and provides the linkage between the OGSM framework and both the strategy function and the practice of project management. What Is the OGSM … Read more
This post looks under the hood at various aspects of brainstorming – unlocking our collective minds to solve problems and seize opportunities. It looks at the importance of brainstorming, key elements and the natural brainstorming process, and approaches to brainstorming unique to strategy and project management. Why is brainstorming important? Sticky, thorny, unclear problems require … Read more
This post explores the nuances of writing a business case. It dives into the elements of a business case: identifying a problem or opportunity analyzing ways to solve the problem or seize the opportunity choosing the best option (or choosing to walk away) developing an implementation approach It proves a solid template and associated resources … Read more
Low Code No Code, otherwise known as Citizen Development, is a growing development that is closely associated with the project management discipline. In fact, it is very project centric, and also has important strategic implications. This post explores what low code no code Citizen Development is, and it’s impact on strategy and the practice of … Read more
The Plan-Do-Check-Act (PDCA) Cycle, developed by W. Edwards Deming, provides a simple and effective means to create a virtuous cycle in an organization. It can help you to structure initiatives to solve problems and seize opportunities. This post looks at what the PDCA cycle is, dives into the specifics of the four steps, looks at … Read more
Return On Invested Capital, or ROIC, is a common metric used as an input for developing strategy, selecting projects, and measuring project, program, and business performance. This post explores the definition of ROIC, how to compute it, and its usefulness in strategy and project management. Return On Invested Capital Definition Return on Invested capital can … Read more