On average, companies are able to execute their strategy according to plan only 56% of the time. This means that 44% of their strategic potential is not realised. UMT Consulting SA, in conjunction with RPM Systems Corporation, will be hosting workshops across the country to show what an increase in "strategic throughput" is worth to organisations.
Stephen Garfein, a global thought leader in strategic portfolio management and expanding strategic throughput, will conduct the workshops countrywide. He is the Chairman and founder of RPM Systems Corporation and has spoken on these topics at numerous PMI Congresses in North America, Asia-Pacific, Europe, the Middle East, and Africa.
RPM Systems Corporation managing director Steve Garfein says to expand the strategic throughput of the organisation means to close the gap between the strategy envisioned by executive leadership and the actual results that are achieved. “This workshop will help companies realise this potential by developing a model of strategic portfolio management relevant to their context. It will also help them recognise the importance of a systemic view of their organisation and the role of portfolio, programmes and projects in the system.”
“Strategic business initiatives often fall short because their component projects do not recognise the significant changes needed in organisational behaviour. It is all about expanding strategic throughput by realising more of your strategy. What are even just a few percentage points' improvement in strategic throughput worth to your organisation?” adds UMT Consulting SA CEO Pieter Meyer.
Much too often, strategic initiatives fall short because their component projects do not recognise the significant changes required in organisational behaviour. Resistance to organisational change is arguably the greatest barrier to expanding strategic throughput. Early identification of those items requiring organisational behaviour change is frequently the difference between success and failure.
As a first step in expanding strategic throughput in one's organisation, companies are invited to participate in a survey about a rapidly developing new field - strategic throughput. This Strategic Throughput Analysis (STA) survey is a good starting point in the exploration of organisational resistance to change; it was developed by Garfein and only takes about 10 minutes to complete. When completed, one will be able to print a report identifying potential strategic throughput gaps in eight areas ranging from governance to corporate culture.
“A two-day intensive workshop will involve presentations, group discussions, shared experiences and real case studies where strategic portfolio management concept has been applied. To maximise the immediate benefit from this workshop, consider enrolling a team from your organisation, to work together during the team breakout sessions to complete a strategic throughput assessment and develop an actionable plan tailored specifically to your organisation,” says Meyer.
He says as a next step, companies should consider either or both workshops sponsored by the UMT Centre of Excellence. “The first workshop will cover strategic programme and portfolio management, case studies and simulation and leading organisational change initiatives. The second will look at expanding strategic throughput, organisational change and avoiding the pitfalls and development of an actionable plan to bring back to your organisation.”
Business leaders, who want to find effective ways to ensure that business strategies will deliver the expected benefits, must attend. Also, managers involved in integrating programmes and projects and establishing the appropriate governance mechanisms to manage them and senior managers responsible for implementing strategies and policies through programmes and projects, as well as programme and project directors and managers.
The Strategic Throughput Analysis (STA) survey can be found at
http://survey.umtsa.co.za/sv.aspx?sc=ZWltZU1KV3k3TjhUYlFuQ2xWMHQ4dz09.
The workshops are being held in Johannesburg on 13,14,16 and 17 September.
For more information and to register, visit http://www.umtsa.co.za/events/strategic-portfolio-management.html or e-mail rs@umtsa.co.za or Rozanne at +27 12 345 3518.
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