Take your strategy execution to the next level with the essential ingredient of project governance. This will cultivate accountability, engagement, and overall success.
I was reluctant to put governance as the subject of this article. The fact is, governance is not sexy. Yet project governance is an essential ingredient for strategy execution success.
Governance is glue for getting things done.
Governance generates traction.
Strategy execution governance (OR project governance OR execution architecture) is the set up of your implementation to ensure accountability, generate engagement and overall success. It includes how you design committees, working groups, meetings, and reports to make the best decisions, in the best way. Done properly, project governance is much more than a project management tool.
Tips for the week
When you next gear up for implementation of an initiative, ask consider these questions:
- What set up is likely generate the most optimal business outcome?
- How do you best establish the execution to deliver behavioural change?
- How can your governance reduce risk and optimize innovation?
- What governance is best suited to the workplace culture and organizational maturity?
I can promise you from working on over 50 implementations, that execution architecture makes the difference between failure and success. If you want to dive deeper, join our discussion on Zoom on 28 November, 8-9am AEDT. $99 USD per month, cancel anytime. Join the Turbocharge community here. You can claim your $99 back within 14 days if you don’t get value.
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Case study
Here’s an example of governance gone wrong. I was once asked by a Finance function to advise on a failing program that they were very concerned about.
Program overview:
An initiative to implement a new digital business model.
Symptoms of failure:
- Lack of progress. Over budget.
- Failing pilot, not sure why.
- Those involved fragmented and de-energized .
- Lack of clarity amongst steering committee members.
- Lack of clarity amongst project resources.
- Business leader focused on BAU troubleshooting.
Recommendations?
What governance elements do you think could help bring this program back on track? Email me by end of the week, and I’ll publish the best answer next week, and let you know what I recommended.
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Clients, partners and sponsors
Here’s an insightful newsletter I’m reading: Work3, weekly news, practical guides and features to prepare for the future of work.
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Quote of the week
“The outside world only sees the most dramatic event, rather than all the work that preceded it.”. James Clear, Atomic Habits
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Keep turbocharging, keep growing 😊🌱📈
PSS Not sure how to get your strategy unstuck, projects powering, and transformation turbocharged? I can help you.
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Written by Lisa Carlin for FutureBuilders: https://www.futurebuildersgroup.com/set-up-strategy-execution-governance-for-success/
About Lisa Carlin
As a strategy execution specialist and scaleup mentor, Lisa works with ambitious digital leaders to turbocharge their transformation and business planning. Lisa’s clients have an independent sounding board and expert advice so they have absolute confidence they WILL ACHIEVE THEIR GOALS. Lisa is Co-Founder and Director of FutureBuilders Group of organisational development specialists, and volunteers as Chair of the University of Cape Town Australia Trust. Her early career was with Accenture (South Africa) and McKinsey (USA).