WHY YOU NEED AN EXECUTION PLAN
Planning is an essential component of successful delivery. Although the “draw-shoot-aim” school of delivery might be exciting, it is nowhere near as successful or efficient as having a well-structured plan before the project is executed.
Inevitably, teams that fail to plan experience a wide variety of challenges when trying to deliver tactical initiatives. They:
As if these issues were not bad enough, failing to plan also creates a variety of strategic issues. While business analytics has the potential to create competitive advantage, it is rare that an organization is able to realize this goal without understanding the path it will need to take to get there. When team members are missing this road map, they not only usually fail to create any real competitive advantage; they often struggle to simply prioritize their tactical activities. They will often try to do everything and, more often than not, deliver nothing.
The Analytics Team That Never Delivered
One memorable experience involved a fairly detailed discussion with an analytics team in a midsized organization. I had met with the team members to try to help ...