Taking Strategy Alignment to the Next Level
Asking yourself these questions about why we’re doing projects is incredibly powerful, but to get the most out of these insights, you need a tool that can help you visualize these answers. Meisterplan is a project portfolio management software that helps organizations stay focused on their strategic goals and build relevant project portfolios. When you use Meisterplan to align projects and track strategic goals, project teams will be able to focus on project-specific goals, management will have a big picture view of what work is underway to help them reach all their goals and PMO leaders can create and manage balanced project portfolios. Because project-strategy alignment is important for everyone in your organization, Meisterplan has several views to support this information.
Our Goals overview breaks down the current project split between goals and allows you to drag and drop projects to a specific goal to assign the project to that goal. In this view, you can quickly see the number of projects, total costs, projected benefit and workload associated with each goal. This view makes it easy to identify if the project portfolio is unbalanced. Is one goal taking too many resources? Is a goal consuming the majority of the cost? Does the goal with the biggest benefit have the fewest number of projects? All of these questions can be answered quickly so you can take action and adapt your projects before it becomes a bigger problem.
For people in your organization that want transparency into project-strategy alignment, but don't need details like cost and workload, Meisterplan can display projects and goals in a Roadmap . The Roadmap displays projects in a timeline that can be grouped by certain project characteristics. When you group the projects by Business Goal, you can see not only which projects are aligned to what goal, but when they’re scheduled. This view is ideal for decision-makers who need a big picture view or for sharing throughout the organization to project teams to keep them informed of company strategy.
The Roadmap can also be grouped by Strategy Fit, which is an incredibly powerful way to see what impact the projects in your portfolio will have on goal achievement. Projects with a low Strategy Fit have a low alignment to their corporate goal, while a project with a high Strategy Fit has a very high alignment to its corporate goal. Decision-makers and PMO leads can use this view to build a balanced and impactful portfolio or use this view to justify adapting project plans if they don't support reaching corporate goals.