Strategy Management

Strategy Management helps organizations develop, communicate and monitor strategic plans by providing a clear link between strategic goals, detailed operational plans and actual results. Strategy Management provides an environment for building a strategic plan, establishing targets for successful completion and then monitoring the plan against actual performance. Strategy Management can be used with a variety of methodologies for strategic planning.

The plan is built using the strategy dimension. This dimension and its hierarchy defines the objectives, strategies, and tactics for an organization. You can define specific goals and strategies, and then require operational managers to build their own tactical plans to support those goals. Operational managers only view their part of the plan, but senior management can then view the entire plan. For example:

• Goal. A goal is a broad primary outcome.
  • Maintain assets.
• Strategy. A strategy is the approach you take to achieve a goal.
  • Execute planned maintenance.
  • Manage work order backlog.
• Tactic. A tactic is a tool you use in pursuing an objective associated with a strategy.
  • Complete planned maintenance on time.
  • Reduce number of reactive work orders.
  • Increase closure rates of backlogged work orders.
  • Reduce number of work orders in current backlog.