An invisible tax in most organizations
Any time, effort and money spent on projects you should not be doing at all is a complete waste. Projects that are irrelevant to your strategy are a complete waste.
Measuring strategic contribution and relevance is not an area done well in most organizations.
Most strategic alignment processes are ineffective, appalling or missing altogether. They often consist of ‘ticking’ a box or two against a list of high-level strategy statements. They confuse ‘strategic alignment’ with measuring ‘strategic contribution’.
To measure strategic contribution you need to know EXACTLY…
- Which detailed strategic imperatives each project contributes to
- How it contributes to each imperative, and
- How much it contributes.
The combination of all three measures allows you to distinguish between a marginally strategically relevant project and one that is a significant contributor - albeit they could both ‘tick’ the same strategy alignment boxes.
The top 5% make visible each project investment’s strategic contribution through the generation and use of a Strategic Contribution Assessment Tool (SAT). This Tool allows you to score each project’s exact strategic contribution and then easily track which strategies are being implemented and by which projects. This simple tool enables you to eliminate strategically irrelevant projects early and, often for the first time, easily track and manage your strategy’s execution to full delivery.
Strategic irrelevance is the first 'tax' to be axed in our "Axe the 'tax'" series
