Show:
Ideation
Nature
Vision
Engagement
Synthesis
100
What are the two fundamental types of strategy?
What is Cost Leader and Differentiated Value Provider
100
What is the definition of the Nature Imperative?
What is To align strategy, culture, and structure
100
What is the definition of the vision imperative?
What is To translate intention into strategy, goals, and metrics
100
What is the definition of the Engagement Imperative?
What is To engage strategy through the project investment stream.
100
What is the definition of the Synthesis Imperative?
What is To monitor and align project work.
200
What is the definition of ideation?
What is To identify and communicate identity, purpose, and long-range intention.
200
Between strategy, culture, and structure, which is the most difficult to manipulate?
What is Culture.
200
Define Project
What is A set of deliverables that will be accomplished by a defined set of tasks to which resources and time have been allocated.
200
What is one of the most critical governance processes of strategic execution?
What is Sponsorship
200
Define Program
What is A cluster of related projects that must be performed in close coordination, often sharing some key resources, in order to accomplish a strategic goal.
300
What is one of the most effective ways we have seen for developing, refining, and communicating organizational purpose, identity, and long-range intention?
What is Visual Mapping
300
What are the different types of matrix? Explain each one, and assign it to one of the four C's of culture.
What is 1. Strong Matrix: exists when the product of service line managers have a strong, primary influence on decisions and actions of workers, and the functional managers' control is weaker. Collaboration Culture. 2. Weak Matrix: exists when an organization groups workers primarily by function, but also has product/project managers. Competence Culture. 3. Balanced Matrix: accords relatively equal influence to each dimension and requires employees to negotiate continuous trade-offs in daily decision making. AKA Skunk Works. Cultivation Culture. (Control Culture uses a Hierarchy structure)
300
What does SMART stand for in smart goals?
What is Specific, Measurable, Achievable, Resourced, and Time-Bound
300
What are the four key characteristics of good sponsorship and explain each one.
What is 1. Vision: have a vision of the overall strategic importance of the project, portfolio, or program. Monitor business and political environment and help the project or program adjust if necessary. 2. Commitment: they are fully committed to engaging in the portfolio mgmt process. Both passionate and objective. 3. Accountability: hold the project, program, or portfolio manager accountable for meeting objectives, producing deliverables, conducting reviews, and communicating changes to all affected areas. Also SHARE accountability with the project or program manager. shares responsibility for correcting and problems in a project or program. 4. Empowerment: empower the pm to get the work done. Provides guidance on definition, connections, and resources in the successful completion of project objectives. have an upward connection to the business with the ability to influence resource allocation etc
300
What is a planned portfolio?
What is The complete set of projects and programs that have been selected to execute an organization's intent.
400
What is one of the most valuable assets a company can build?
What is A Strong Brand
400
What three conditions must be present in order to successfully change the culture of a large organization?
What is 1. The leader's core values mirror the values of the culture he or she is attempting to create. Personal authenticity is critical. 2. The employees must be convinced that their current culture is so badly misaligned with the changing industry environment that persisting with the existing cultural values will cause the organization to fail. 3. The organization's leaders must invest in projects and programs that will reshape and realign the internal environment.
400
What type of mentality does the vision imperative require?
What is Creative thinking (as opposed to problem-solving)
400
The challenges of portfolio and project management are fivefold, what are they?
What is 1. Deciding how to decide. 2. Identifying the projects and programs that will convert strategy into action. 3. Developing criteria for prioritizing project investment decisions. 4. Dealing with an overload of qualified projects. 5. Reshaping the project portfolio as circumstances change.
400
Define White Space
What is The critical interdependencies between the projects that make up their programs and ensure that team members or groups responsible for each pair of interdependent tasks communicate and coordinate appropriately.
500
What are the three types of differentiated value strategies? Explain each one.
What is 1. Customer intimacy: focuses on customer relationships and customer experience; 2. Product leadership: best in class products; 3. Disruptive innovation: creates new category of business or attracts a new category of customer, new playing field
500
What are the four C's of Culture? Define each one and give an example of a type of company that would have that type of culture.
What is 1. Competence: Make great products and people will flock to them. Values technical excellence above all else. Typically companies headed by engineers or scientists, many start-up technology companies use this. 2. Collaboration: Places great value on understanding the unique needs of each customer. Service-oriented businesses and businesses that develops and deliver custom hardware and software solutions. 3. Cultivation: Places a high value on recruiting, retaining, and nurturing highly creative employees to produce unique products. Media companies, advertising agencies, and boutique consultants. 4. Control:important for companies in mature commodity businesses, mature service industries such as accounting or utilities, where profit margins are small and reliably producing standard outputs with consistently low costs is the key to success.
500
What are the five levels of metrics? Define each one.
What is 1. Meta: metrics that measure achievement of purpose. 2. Mega: Metrics used to make strategic choices that serve goals and purpose. 3. Macro: Metrics to gauge top-level goal attainment. 4. Midlevel: Metrics to optimize the business to serve goals. 5. Micro: Metrics for individual contributors to the other metrics.
500
Outputs vs. Outcomes
What is Outputs: tangible things that the project creates. i.e. Systems, hardware, software, processes, documentation Outcomes:the result that the output creates for the customer, the customer’s customers or the organization itself. i.e. Greater productivity, faster response time, enhanced ease of use
500
What are the four types of interdependencies and explain each one.
What is 1. Pooled: Any two tasks in a project or program must be completed for the project to be deemed complete. Any task contributes a critical physical or information output to a project 2. Sequential: Two tasks may need to be to be performed in a given sequence. 3. Reciprocal: Subgoal conflict between two tasks. Breaking a project’s objective down to subgoals of intermediate milestones each of which requires one or more tasks to complete it. 4. Change/Rework:When projects involve immature technologies and aggressive fast track scheduling the result if often an explosion of change and rework.