What is a Strategic Governance Plan?
A strategic governance plan is a tool used by businesses and organizations to ensure that their strategies and goals are properly managed and aligned with their objectives. It is a framework that outlines the roles and responsibilities of individuals and teams within the organization, and the processes and procedures that need to be followed for decision-making. It can help to ensure that the organization is taking the right actions to achieve its goals, and that everyone in the organization is held accountable for their actions.
What's included in this Strategic Governance Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Strategic Governance Plan template for?
This strategic governance plan template is designed for businesses and organizations that are looking to create a clear and transparent decision-making process, increase accountability for decisions, and enhance their performance and risk management. It provides a framework for developing and implementing a plan that sets out objectives, actions, measures, initial values, and target values for each area of focus.
1. Define clear examples of your focus areas
When creating a strategic governance plan, it is important to define the focus areas that will be addressed. These focus areas should be based on the overall goals and objectives of the organization. Examples of strategic focus areas that could fall under a Strategic Governance Plan could be: Improve Decision Making, Enhance Performance, and Enhance Risk Management.
2. Think about the objectives that could fall under that focus area
Once the focus areas have been identified, it is important to consider the objectives that could fall under each focus area. These objectives should be specific and measurable, and should be aligned with the overall goals of the organization. Examples of some objectives for the focus area of Improve Decision Making could be: Create a clear, transparent decision-making process, and Increase accountability for decisions.
3. Set measurable targets (KPIs) to tackle the objective
When setting objectives for a strategic governance plan, it is important to set measurable targets (KPIs) to track progress. These KPIs should be specific and measurable, and should be related to the objectives that have been set. For example, a KPI for improving decision-making could be to reduce decision-making time by 15%.
4. Implement related projects to achieve the KPIs
Once the objectives and KPIs have been set, it is important to implement related projects to achieve the KPIs. These projects should be related to the objectives and KPIs, and should be designed to move the organization closer to achieving its goals. For example, a project to improve decision-making could be to develop and adopt a decision-making framework.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform can help organizations to quickly and effectively implement their strategies. The platform provides a comprehensive view of strategy and performance, and allows users to quickly evaluate progress and identify areas for improvement. With Cascade, organizations can optimize their strategies and ensure that their goals and objectives are achieved.