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School of Continuing Studies

Xcpd-484i Business Strategy and Program Management

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Description

Course Details

Many organizations face significant challenges as they deal with increasing demands for greater speed, product quality, and reduced cost - faster, better, cheaper. In this environment, the key to success for global firms is to use available resources in more effective ways to implement the enterprise's strategy. It is vitally important that firms identify long-term objectives and the strategies that will lead the organization to success in a global marketplace. While identifying strategic paths is difficult, of even greater significance is how best to implement the resulting strategies. Program management focuses on translating these long term objectives into a portfolio of projects that best meets the organization's long term objectives. This course covers strategy development and planning, portfolio management, and structuring a portfolio of projects that best meets the organization's objectives.

Course Objectives

At the completion of the course, a successful student will be able to:

  • Articulate why strategy is important to a successful project manager
  • Direct a strategy effort
  • Facilitate a project selection exercise that is based on satisfying strategic objectives
  • Describe the foundations for program and portfolio management
  • Identify strategic measures of performance
School of Continuing Studies

XCPD-484 Business Strategy and Program Management

Next dates

Nov 4—18, 2019
Online
USD 695

Description

Course Details

Most organizations have trouble linking strategy to performance. According to current business literature and research, companies, on average, deliver only 60% of the financial performance their strategies promise. It has also been revealed that high performing companies managed to close the strategy-to-performance gap through better planning and execution. In many cases, companies don’t have a process that links strategy and execution. Therefore, these companies never capture the full value of the strategy or effectively map it to the needs of the organization. Strategy execution focuses on translating strategic goals into a structured portfolio of programs to meet organizational objectives. In this fast-paced, high impact course the following strategy and program management topics will be presented and discussed: the gap between strategy and performance; leadership attributes needed to effectively direct a strategy effort; issues that prevent linking strategy and execution; how to develop strategic and operations plans; creating a program portfolio to facilitate aligning strategy with financial and human resources to meet business goals; and developing a performance monitoring system to manage a strategic program portfolio.

Course Objectives

At the completion of the course, a successful student will be able to:

  • Understand the gap between strategy and execution
  • Discuss key leadership attributes needed to direct a strategy effort
  • Create a strategic operations plan and integrate it into an organization's culture
  • Monitor and control a strategic program portfolio using metrics
  • Facilitate a deeper understanding of strategy development and execution using case studies, articles, and practical course exercises
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