What is a Project Execution Strategy?
A project execution strategy is a plan that outlines how a project will be carried out and managed from start to finish. It includes the steps and actions needed to achieve the project's objectives, as well as the measures that will be used to track progress and evaluate success. A good project execution strategy helps ensure that the project stays on track, stays within budget, and delivers the desired results.
What's included in this Project Execution Strategy Template?
- 3x Focus Areas
- 9x Objectives
- 9x Projects
- 18x KPIs
Who is this Project Execution Strategy Template for?
This project execution strategy template is designed for leaders and teams from organizations who are planning and executing a project. It provides a clear, structured approach to project planning, execution, and closure, and can help ensure that your project stays on track and delivers the desired results.
How is this Project Execution Strategy Template relevant to your organization?
If your organization is planning and executing a project, this project execution strategy template can help you develop a clear, structured plan for ensuring that the project stays on track and delivers the desired results. It provides a comprehensive framework for managing the project from start to finish, and can help you identify and address potential risks, maintain stakeholder engagement, and evaluate the project's performance. By using this template, you can increase the likelihood of success for your project, and better align your project with your organization's goals and objectives.
1. Define clear examples of your focus areas
A focus area is a particular viewpoint that groups certain requirements set out by an organization. A recommendation from the Cascade team would be to create 4-5 key focus area which you feel are most important to address when creating your Project Execution Strategy. The next step would be to ask yourself: Why is this focus area important to me? What is the benefit of focusing on this viewpoint from a customer's perspective? And, of course, What is the monetary benefit of investing in such a focus area? This process is useful in identifying the key area which needs prioritization which in turn can become focus areas of the strategy.
For example, the focus areas in this Project Execution Strategy Template are: Project planning; Project execution; and Project closure.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example objective that could fall under the focus area of Project planning could be: Develop project plan.
3. Set yourself measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI in this Project Execution Strategy Template associated to the objective Develop project plan could be: 100% of project plan completed by deadline.
4. Implement related projects to achieve the set KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
A project example for the objective Develop project plan could be: Gather requirements, create schedule and budget.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Use this Project Execution Strategy Template and launch your strategy in Cascade; it's $0 forever.