The Strategic PMO: 7 Elements of Successful Strategy Execution.
Organizations waste too much money on poor project performance because they don’t bridge the chasm between strategy design & delivery, and executives don’t recognize that strategy is delivered through projects.
Longitudinal studies have shown that organizations are steadily improving their ability to implement strategy – with a failure rate down from 90% to 67%. [2001 – 2016] – but is it any wonder that the probability of failure is so high when half of CXO Leaders spend, on average one day, or less, per month discussing strategy implementation?
Two thirds (67%) of leaders believe that their organization is good at crafting strategy but only 47% believe they are good at implementation. Common causes of strategy execution failure include; lack of leadership, poor communication and using the wrong measures.
In this presentation, Matt Williams will draw on his international experience and expertise to make the case for ‘The Strategic PMO’, as he outlines 7 elements of successful strategy execution that include; the formulation of a strategic plan, prioritizing projects and creating a winning culture.
He will demonstrate how the implementation of Amplify™ software supports each of the 7 elements, whilst addressing many of the common causes of failure.