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Strategic Project Management Made Simple: Practical Tools for Leaders and Teams
book

Strategic Project Management Made Simple: Practical Tools for Leaders and Teams

by Terry Schmidt
February 2009
Beginner
272 pages
5h 49m
English
Wiley
Content preview from Strategic Project Management Made Simple: Practical Tools for Leaders and Teams
9
Managing the Strategic Action Cycle
You have to be fast on your feet or else a strategy is useless.
—Lou Gerstner, IBM

Taking a “Cycle-Logical” Approach

In Chapter 1, I cited “one-shot planning” as one of the six dangerous planning mistakes. The chapter at hand offers thoughtful ways to overcome that mistake.
All living systems have the ability to learn from, and adapt to, their environment. Projects are living systems as well and the most useful project plans are “living documents” that evolve as unfolding internal or external circumstances force a shift in approach.
Keeping your plans timely and relevant is an excellent proxy measure of how well you are handling the project’s management process.
You do so by building feedback loops into your project plans and deliberately manage the strategic action cycle.
Taking an adaptive “cycle-logical” approach allows you to make intelligent responses to obstacles and opportunities that the project encounters after it starts and is under way.
Figure 9.1 Strategic Action Cycle
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This same philosophy is behind other management systems which include feedback loops (e.g., the Shewhart Cycle of Plan-Do-Check-Act).
Building any useful management model begins by considering the functions it needs to perform and then putting concepts together in a meaningful way. In our case, this model must integrate strategic/ program planning with project ...
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Publisher Resources

ISBN: 9780470442937Purchase book