PgMP - 4th Edition: Strategy Alignment Domain | Leithy Mohamed Leithy | Skillshare
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6 Lessons (27m)
    • 1. Introduction to Strategy Alignment Domain

      1:57
    • 2. Program Strategy Alignment Domain Elements

      7:39
    • 3. Program Strategy Alignment - Major Activities

      3:40
    • 4. Program Strategy Alignment - Major Artifacts

      7:32
    • 5. Program Strategy Alignment - Highlights

      5:02
    • 6. Program Strategy Alignment - Summary

      0:56

About This Class

This class is created based on “The Standard for Program Management – Fourth Edition,” which was PMI certified in 2017. This class adopts all up-to-date PMI publications related to the Program Management.

This class helps you in your endeavor to pass the Program Management Professional Certification PgMP® Exam on your first attempt. 

This class covers the program strategic alignment domain including the domain element details, the major activities, the major artifacts, and the program life cycle management relationship with the strategic alignment domain.

This class has unique charts created by an experienced instructor to visualize the program strategic alignment domain and simplifies the concepts of program management.

Transcripts

1. Introduction to Strategy Alignment Domain: This section covers a program strategy alignment strategy Alignment is critical and focus feature off the program management more than we have in project management. Therefore, the strategic visioning off the program manager is a critical success factor that helped him in executing his job, and it is an important differentiator for him with respect with a project manager. The organization's vision and mission are used as inputs to the strategic blending cycle and are reflected throughout the strategic blend. The organization's strategic blend is subdivided into a set of organisational initiatives that are influence it in part by market dynamics, customer and partner requests, stakeholders, government regulations, organizations, strength on witnesses, a risk exposure and competitor blends and actions. These initiatives maybe group the interpreter Foley's Toby executed during a redefined period. Programs are formally evaluated, selected and authorized based on their alignment and support to achieve the organization's strategic plan, usually as part off the organization's governance and practices. In this section, we will cover the following program strategy alignment to do mean elements program strategy , alignment, major activities, program strategy alignments, major art effects program strategy, alignment highlights where we will highlight the program alignment with organizational strategy on the relationship between the program strategy alignment to do mean on the program Lifecycle management to do mean let us start with the program strategy alignment to domain elements. 2. Program Strategy Alignment Domain Elements : this is sure to describes the strategy, alignment, domain and its elements. The strategy alignment to do me and includes the following elements the business case, the program, a charter, the program Road Man, the environmental assessments on the program Risk Management strategy. Coming into more details about these elements, we can say that the business case is a documented economic feasibility study used to establish validity off the benefits Toby delivered by a program. It justifies the need for a program by defining how our programs expected outcomes would support the organization's strategic goals and objectives. The program charter is a document issued by its a sponsor that authorizes the program management team to use organizational resources to execute the program and links the program to the organization's strategic objectives. It defines the scope and purpose off a proposed the program presented Toe Governments Board to obtain approval, funding and authorization. The program Road map is a chronological representation off a programs intent direction, graphically directing dependencies between major milestones and decision points, which reflects the linkage between the businesses strategy and the program work. In other words, the program roadmap outlines a major programme. Events in a graphical way that shows easily the dependencies and is a good tool to present to the senior management. The environmental assessments helps a program manager to determine the internal and external influences to the program, which you have a significant impact on a program's success. Internal and external influences. Parson was respect was a performing organization. The environmental assessments include two items. The enterprise, environmental factors and environmental analysis. The enterprise Environmental factors include the conditions outside the program. Note under the immediate control off the program team that influence, constrain or directed a program. These factors include business environment as a change in the business environment. May influence is a program market. For example, having new entrants to the market may influence is a program. Funding resource is in the program city or country industry, including standards and regulations. Health, safety and environment. Economy in the program, country or countries. Cultural diversity, especially when the program has activities across different cities or countries. Geographical diversity, which will have different working hours, holy days and maybe different cultures. Regulatory and legislative technology. Roberti change May influence is a program, political influence and so on, and the environment analysis, which includes analytical tools that are used to assess the validity off a program. Business case. ONDA Program Management to plan the last element in the strategy. Alignment to domain if the program risk management strategy, which drives a broken rescue management activities like identifying, monitoring, analyzing, accepting, mitigating, avoiding or retiring program risk to ensure the program is aligned with organizational strategy. So it is not the general program risk management strategy, but it focuses only on the risk related toe program. Alignment with organizational strategy. The program Risk Management Strategy includes the following items. Risk management for a strategy alignment program, risk thresholds, initial program risk assessment and the program Risk response strategy. Risk management for strategy alignment insures effective management off any risk that can cause a program. Toby Out of alignment with organizational strategy program Risk thresholds, which is measuring the degree off acceptable variations about a program, objectives that reflects the risk appetite off the organization and program stakeholders. Leaders understand the difference between the risk appetite, the risk tolerance and there is a special they risk appetite is a degree off uncertainty and entity is willing to take on in anticipation over reward risk. Appetite is a tendency rather than a miserable item. It is like the hunger that you cannot measure. For example, if the organization is willing to take a risk, you will say that it's risk. Appetite is high on the organizations that plays conservatively has a low risk appetite. There is a tolerance in the degree or volume of risk that an organization or individual will withstand. Risk Tolerance is a measurable item from its definition. For example, your organization may allow a schedule slippage by 5 to 10% or Costis leverage by 3 to 5%. This is known as the risk tolerance off the organization or stakeholders. Risk threshold is the level of impact at which a stakeholder may have a specific interest below the risks racial the organization will accept. There is above the risks threshold. The organization will not tolerate the risk. For example, your organization cannot allow taking a risk for US leverage or impact for more than $10,000. Initial program Risk assessment, which identifies any risk related to strategy alignment, including risk related to program objectives program, road map on the program, resource synchronization with the Organization Capacity and Capability program, rescue responses, Strategy that shows how the program risks related to strategy will be managed effectively and consistently throughout the life off the program. The strategy alignment elements are shown in this chart with this kind of arrangement, which leads to the following the business case. The program Charter on the program Roadmap are sequentially executed. The environmental assessment really start early to assess and analyse a program environment and will continue till the end of the program. The program Risk Management strategy will start early to identify initial risks related to the strategy alignment and supported the creation off the business case program Charter and the program Rudnevs. The program risk management strategy will finish near to the end off the program and before the environmental assessment is completed as a probability to identify new risks related to strategy alignments goes down Winds, a program progressing 3. Program Strategy Alignment - Major Activities: the measure activities in each element off the program strategy alignment to do mean are described in this. A chart. Please know that the color coding helps you in realizing the activities for each element off the program. Strategy alignment To do mean let us review the activities. But each element off the program strategy alignment do mean the business case element includes linking the program to the organization's strategic blend toe help organization achieve its strategic goals and objectives. The brutal charter element includes activities to get broken authorization from the steering committee. The Broken Road map element has activities to show the program. Major milestones with their dependence is in a graphical easy way by developing a program road name. The environmental assessment element has the following activities Analyzer Environmental factors using any of the following tools. Convert of advantage Analysis, Feasibility study, SWAT analysis, assumptions analysis on the historical information Analysis These different types off environmental analysis can be executed depends on the environmental factor that is being analyzed. The competitive advantage analysis is usually used when having a new product to the market or distinct features in your product. Regarding the feasibility study, it is used a minute. Who supported the decision whether to go with the program proposal or not, SWAT analysis is used to analyse the strength witnesses opportunity is and the threats off the subject under analysis. As it appears during the programme, life cycle assumptions analysis is required uring many broken planning activities when we have some missing information and we have to make assumptions to complete the blending activities. Assumptions are factors for blending purposes are considered through, really or certain. Then, during the program execution there, check the invalidated to check whether they're still valid. If assumptions become invalid, they usually have a negative impact on the program. Regarding the historical information these analysts is necessary when you have recorded history for similar programs. Assesses the validity off programs, business case and the broker management to blend to ensure that the programs continued alignment with the organization's the strategic goals and objectives. The Broken of Risk management strategy. Major activities are define a risk management strategy for program alignment with organizational strategy to ensure effective management off any risk that can cause the program. Toby out of alignment with organizational strategy, establishing program risk threshold, which is a level of impact at which stakeholder may have a specific interest below. This risks racial. The organization will accept the risk above this risks threshold. The organization will not tolerate the risk. Identify risks off organisational strategy alignment. Identify responses to the risk related to organisational strategy alignment. 4. Program Strategy Alignment - Major Artifacts: the measure artifact in the program strategy alignment to Do Mean are described in this chart. In the business case element, we have the program business case in the program Charter Element. We have the program in charter. Then we have the program road map in the program roadmap element in the environmental assessment, we have the following art effects business case of Dead's on the program Management blend updates to reflect any mandated the change from the environmental assessment results in the program Risk Management strategy. We have risk register updates to include the risks identified that are related to the organisational strategy alignment and its associated responsive lands. Let us elaborate. The measure artifacts in more details. Starting with the business case, the business case is developed to assesses of programs balance between cost and benefits. It might be drafted before the program definition phase is started and then finalized during the program definition fees after assigning the program sponsor on the program manager. In some cases, only the program feasibility study is created before the program definition phase is it started, and then the program business case is developed during the program definition, Please the business case maybe basic and high level or detailed. The UN comprehensive the business case service as a formal declaration off the value that the program will deliver and our justification for the required resources to create this value. The business case is a key em, but for organizational leadership to charter and authorized programs who rejected a program at early stage the organization that leadership, maybe a steering committee, a portfolio management body or an external funding organization. The measure Contents off the business case are problems or opportunities. Business and Operation Impact Cost Benefit Analysis. Return it of solutions. Financial analysis. Intrinsic and extrinsic benefits. Market demand or barrier potential profits, social need, environmental influence, legal implication risk and Ghana strains time to market and the extent to which is a program alliance with the organization's is strategic objectives. Followings are proven off the business case. The Program Steering Committee authorizes a program by means off the program. A charter. The program charter is a document that assigns and authorizes a program manager on defines the scope and purpose off a proposed the program presented Toe Governance Board to obtain approval, funding and authorization. The program a charter formally expresses organizations, vision, mission and benefits expected Taube produced by the program. It also defines program specific goals and objectives in alignment with the organization's strategic plan in support off the business case. The program, A Charter also provides a program manager with the authority for leading other subsidiary programs, projects and related activities. Toby initiated. In addition to the three more by which this programme components will be managed and monitored during the course off the program. The program charter contents are Program Justification and Vision program. Relationships with organization. Their Strategic Objectives, Expected Program outcomes, High level program, school belonged. The benefits to be realized program, high level assumptions and constraints, major identified program risks and the issues, program components structure, key milestones, estimated program costs and resource needs. He identified Stakeholders and Successfactors. The broken road map is a chronological representation off a programs intended direction graphically, including measure delivery under milestones. The broken roadmap also reflect the pace at which benefits are realized and service as a basis for transition and integration off new capabilities. The program roadmap usually work with program as one unit or work with the integrated programme components at high level. The program road map shows that he dependencies between the major milestones. Communicates is a linkage between the businesses strategy and the blend. Bro critized work. It explains gaps and provides a high level view off key milestones and decision points. The Broken road map, maybe yours to show how components are organized. Reason major stages or blocks off the program Leaders review some examples off a program road name. In this example, the program consists off three components, which are clearly separated. Component. One really start in Q 1 2018 and will continue until Q 1 2019 Component toe will start in Q 2 2018 and will continue until Q 2 2019 Components three will start in Q 2 2018 and will continue until Q 3 2019 Religion underneath the chart decode the character representation of the component milestones or deliverables. The second example has better representation off the program road map and expresses a measure relationships between the milestones or the deliverables. This example has more accurate dates up to the day level. In this example, the program has three components component. A component to be and components e, which are clearly separated. Example off the relationship between components. If that milestone Vito off Component B has dependency on minus tone, a one off component E the color can be used here, toe in reaches a roadmap and add another dimension, like each component with certain color or important milestones or deliverables should have a specific color, and so on. The third example has briefed on the stylish representation. The name of the milestone, or deliverable, is written in a box. The date is accurate up to the day level. The program faces are clearly defined on the go live date is distinctly represented. Remember that this example does not have a clear separation between the programme components. This example, maybe more suitable to present, is a road map to the steering committee over the border level who will not be interested in reviewing the program components. But I want to see the program as one entity 5. Program Strategy Alignment - Highlights: this A charter describes the relationship between the organization strategy on the program strategy. It connects the organization, vision, mission and strategies to the portfolios, programs, projects and operations. Starting from top to bottom. The organization, vision and mission are created. 1st 2 defines organizations purpose and primary objectives. Then they are translated into strategy and objectives to define how to achieve the organization, vision and mission. The organization strategy and objectives create initiatives with clear objectives and the schedule. These initiatives are translated into projects, programs and operations or group the first in portfolios for better control and bitter usage. Off organization resources, Reasons Organization Accepted Risks. The portfolio will have components off projects, programmes, operations and subsidiary portfolios. Authorize to achieve the strategic objectives. The organization's strategy and objectives may change due to many reasons like market behavioral changes, competitor announcement off new brothers or regulatory changes. These changes will lead toe changes in portfolios and then programs and projects and operations. Therefore, you as a program manager, might have a Scooby change in the program. After six months of hard work due to strategy changes and you hold responsible to accommodate this change little serve. Use the definitions. Examples of the organization vision, admission toe have the picture. Brighter vision statements define your organization's purpose, but the focus on its goals and aspirations. These statements are designed to be uplifting and inspiring. They are also timeless. Even if the organization changes its a strategy, the vision will often stays the same. Vision statement answered the question. Where do we aim Toby Little serve you this example. Off Amazon, the online retail business giant. Our vision is to be the Earth is most customer centric company. We're customers can find and discover anything that they might want to buy online and the lowest possible prices. Mission statements defines organization purpose and the primary objectives. Visa statements are set in the present tense, and they explain why you exist as a business both to members off the organization and to people outside it. Mission statements tend to be sure to clear and powerful mission statements answers a question. What do we do? What makes us different? Let us review this example off Bristol Myers Squibb Company in pharmaceutical business to discover, develop and deliver innovative medicines that helping patients prevail over serious diseases that strategic alignment domain is executed during the program. Lifecycle Domain Mapping the elements from the first do me in tow the faces off the second domain will help you to understand when the strategic alignment activities are executed and artifacts are created during the programme. Life cycle. This is a chart describes the time relationship between the program Lifecycle Domi and on the strategic alignment to do me in you can not is the following the business case program a charter on the program roadmap elements off the program strategy alignment to do mean are all executed during the program. Formulations of phase of the program lifecycle management to do mean this is because the business case charter and roadmap are developed during the program formulation subsidies. The environmental assessments started with the program definition phase and continuing, assisting and analyzing the environment until the closure phase. So the environmental assessment went through the whole programme life cycle to determine the internal and external influences that may have a significant impact on the program success. The program risk management strategy started with the definition sub phase and continued until the start off the closure freeze. It started early in the definition fees toe identify any risk related to the strategy alignment during the initial risk assessment that will support is a development off the business case Program it shorter and the program Road Man. The program Risk Management strategy will finish at the start off the program closure as a probability to identify new risks related to strategy alignment goes down winds a program progressing and almost eliminated when reaching the program closure fees. 6. Program Strategy Alignment - Summary: in this section, we cover the program strategy alignment to do mean elements, which are the business case. The program in charter the program route map. The environmental assessments on the program Risk Management strategy. We went through the measure activities off the program strategy alignment to do mean, as shown in this chart, the major artifact off the program strategy alignment to do mean. And we went through the details off the program business case Broken its charter and the program Road Man. We had few examples off the program Road Man, and in the last topic, we highlighted two items. The 1st 1 was a program alignment with organizational strategy. On the second was a broken strategy alignment relationship with the program lifecycle management to do mean.