A mining strategy is a comprehensive plan that outlines the goals and objectives of a mining company while providing guidance on how to achieve those goals. It should address factors such as resource utilization, operations, safety, customer experience, and more. It is designed to provide direction on how to effectively achieve the company's objectives and help the organization become more efficient and successful.
This mining strategy template is designed for teams and business units within mining companies who are looking to create an effective overarching strategy for their organization. This template provides guidance on how to define focus areas, set measurable targets, and implement projects that will help achieve desired outcomes.
Focus areas are the main areas of focus for your strategy. They are the most important areas that need to be addressed in order to achieve your desired outcomes. Examples of focus areas could include increasing operational efficiency, improving customer experience, or maximizing resource utilization.
Objectives are the specific goals or targets that need to be achieved in order to reach the desired outcome. They are specific goals that can be used to track progress and measure success.
Examples of some objectives for the focus area of Increase operational efficiency could be: Reduce operational costs, and Increase safety standards.
KPIs, or key performance indicators, are measurable targets that can be used to track progress towards achieving a given objective. They should be specific, measurable, and achievable, and they should reflect the desired outcome.
An example of a KPI for the focus area of Increase operational efficiency could be: Decrease operational costs by 10%.
Projects are the actions that need to be taken in order to achieve the desired outcome. Projects should be specific and they should be designed to achieve the desired outcome.
An example of a project related to Increase operational efficiency could be: Automate operational processes.
Cascade Strategy Execution Platform is a comprehensive tool designed to help teams and business units within mining companies design, deploy, and monitor their strategies. It provides an easy-to-use interface to help visualize and track key performance indicators, and it provides powerful analytics to help you make informed decisions about your strategy.