Can You Help Me With Homework? Needed By Thursday 12/09/2021

Strategic Planning

Pamela Hines

Strayer University

Organizing HR Project

Lorna Thomas

10/22/2021

Provide a statement of emphasis to your project team based on the information you provided in the previous three sections of the paper requirements. Your statement should encompass the key parts of the paper... and use that information to show why these are important to your project.

Strategic Planning

Review and define the five steps of strategic planning depicted in Exhibit 2-1 below. Based on the information, provide a statement of the overall importance of these steps to your project team.

Strategic planning is a vivacious process in any given organization. Its’ purpose is to develop plans that offer direction for a given period. The essence of strategic planning is to ensure that management achieves a specific set of objectives and goals aimed at either short-term or long-term purposes. The strategic planning process is broader in an organization that assists in the roadmap for all the objectives and goals that management needs to attain logically. Strategic planning consists of five steps in which management should adhere and implement rationally. The first step is the strategic analysis which in most cases consists of researching the nature of the company (Dennis, 2019). Consequently, the strategic analysis further analyzes the operating environment of the business to be able to formulate a strategy that helps to formulate the goals and objectives of the company. The strategic analysis makes it possible for management to better evaluate both the internal and external environment to make better decisions for the future.

The guiding principle is the second step that the executive members of the organization use to establish the vision and mission of the organization about the goals and objectives. The guiding principle gives an overview of the role of each member which ensures that the organization meets the set goals and objectives. The mission statement is the most vital component of the guiding principles as it provides the reason the organization is undertaking certain businesses, the objectives, and the unique approach that the staff members will implement to attain the goals in the future (Rasouli et al. 2020). The elements of the vision and mission statement in the organization might in some cases become mixed and embedded to safeguard that the organization has better-set goals, values, and purpose. The vision of the organization refers to the actual position in which the organization needs to get. Many organizations only focus on implementing the short-term goals and objectives forgetting the need to enact the long-term goals. Consequently, the vision of the organization guides the decision-making process as it is essential in enforcing the actions that might either build or destroy the future of the organization.

The strategic objective is the next process which entails the purpose statement that the senior level management must develop to guide the staff members in attaining the overall vision of the organization. Although the vision statement of the organization offers the short-term and long-term objectives that ought to be accomplished, management needs guidance and measurement for each step conducted by management. The strategic objectives provide the necessary tools to measure each of the steps either through the use of observable data or statistical results (Rasouli et al. 2020). Through the strategic objective, it is possible for the executive to establish a connection between the vision and the actual action plans to attain the goals.

The next step of the strategic objective consists of the flow-down objective which refers to the executive management’s way of sharing clear project definition to the rest of the employees in the organization. The executive and the top management have the uttermost responsibility of enacting objectives and goals that the organization ought to achieve within a set timeframe. However, after writing down the goals and objectives, the rest of the organization must become aware of the goals and direction in which the organization needs to undertake in both the short-term and long-term periods. The flow-down objective serves the purpose of clarifying the details in simple terms for easy interpretation by the rest of the employees.

The portfolio alignment is the final procedure in strategic planning which deals with the aligning of all the existing projects in the entire organization. The top-level management has to first initiate the selection of the most crucial projects in all the departments and provide instruction for the prioritization of the projects by the other employees. Subsequently, the organization should identify the entire projects in the organization and formulate a balance between the short-term and long-term projects (Dennis, 2019). While the management might need to implement short-term goals for the survival of the firm, it also has to consider the long-term objectives that will make it possible for the organization to survive in the future. Portfolio alignment assists in giving better directions on how the organization needs to execute objectives and maintain a balance at the same time.

Develop a vision and mission statement for the project team specific to the current project. 

The vision statement involves one single statement that provides a general summary of the plan that the organization intends to achieve in the future. The foremost essence of the vision in the organization is to provide better direction and guidance to the executive team as well as the staff members in the organization about accomplishing assigned tasks.

The vision for the organization would entail, “To empower people and change the world by making them realize their full potential.”

The mission statement provides the public with the main purpose of the company and in most cases, organizations utilize it for branding as it captures the attention of the public. The company mission statement will also capture the core values of the organization and make them known to the public. The mission statement for the company would entail, “Make employees in the organization perform better through training and education to ensure that the organizations around the world successfully build and sell products and services.

Explain to the project team what a project charter is and why it is used.

The majority of modern organizations have a strategic plan in place to ensure that all the projects contribute to attaining the goals and objectives of the firm. The top-level management team must ensure that employees provide high performance in their assigned tasks and duties to make the organization successful in the future. The level of commitment and dedication of each employee in the organization assures that customers receive better products and services in the marketplaces. The senior management in the organization will utilize the project charter, which is a document developed to assist in directing the managers and employees on the start and finish date of the projects (Bryson, Edwards & Van Slyke, 2017). Consequently, the project charter is a mandate in that it formally introduces the project to the rest of the staff members and acts as a reference source for managers to use in the future in accomplishing the project.

Review Exhibit 3.3 below and select any three charter elements you feel are more important and explain why.

The project charter consists of different elements that will provide detail on the current projects being undertaken in the organization. The organization ought to ensure that each project consists of a charter that gives information on the project such as the beginning of the project, the managers in charge of the project, resources needed, and the projected date that the project might end (Rasouli et al. 2020). Although the project charter consists of different elements as illustrated on the chart, it is important to give emphasis to the most significant elements on the table. The three most significant elements of the project charter consist of the background, success criteria, and resources.

The background provides the basis and the reason for the existence of the project in the organization. The background details of any given project give an explanation to the managers and the rest of the members of the organization why the project existed. The executive management might decide to initiate different projects depending on the benefit that the project will have to the entire organization (Bryson, Edwards & Van Slyke, 2017). Through the project charter under the background element, the senior management will provide details on the reasons that attributed to the initiating of the project.

The second most essential element on the project charter table consists of the success criteria which is pertinent in the evaluation and measuring of the success rate of each project. The essence of the senior management in the organization is not only to provide decision-making policies but also to evaluate the running projects and ensure that the projects meet the standards and fulfill the purpose as documented. The success rate of the project consists of measuring the level of resources used in the project and the outcome. The success criteria determine whether the executive will approve the management to continue with the project or terminate it depending on the number of resources utilized. The final and most essential element on the project charter table consists of the resources. The resources consist of the readily available materials, workforce and capital that the organization is willing to fund the project. George, Walker & Monster (2019) explained that the organization might have an amazing blueprint and idea about the proposed project but without having the resources in place, it is not possible for the management to approve the start date actualizing the project. The resources in the organization will ensure that each project does not stop along the way but is efficacious until the completion date.

Provide a statement of emphasis to your project team based on the information you provided in the previous three sections of the paper requirements.

The Human Resource Management department is one of the most critical components of any organization. It is responsible for recruiting, training and ensuring employees accomplish their assigned duties. I have found that the Human Resource Department is the nucleus of my company. It drives our company’s success by hiring employees with the right fit and coaching them to attain goals through regular reviews and assessments. Modern organizations need to have well-trained employees that have knowledge of the vision and mission to become successful (Ugboro, Obeng & Spann, 2018). Hence, I recommend that senior-level management have a project charter in place to support the planning, tracking, and attaining a high level of success for each project in the corporation.

References

Bryson, J., Edwards, L., & Van Slyke, D. (2017). Getting strategic about strategic planning research. Public Management Review, 20(3), 317-339. https://doi.org/10.1080/14719037.2017.1285111

Dennis, C. (2019). Strategic planning—a health system operational perspective. Journal of Hospital Management and Health Policy, 3, 32-32. https://doi.org/10.21037/jhmhp.2019.10.03

George, B., Walker, R., & Monster, J. (2019). Does Strategic Planning Improve Organizational Performance? A Meta‐Analysis. Public Administration Review, 79(6), 810-819. https://doi.org/10.1111/puar.13104

Rasouli A, Ketabchi Khoonsari MH, Ashja’ ardalan S, Saraee F, Ahmadi FZ. (2020). The Importance of Strategic Planning and Management in Health: A Systematic Review. J Health Man & Info; 7(1): 1-9.

Ugboro, I. O., Obeng, K., & Spann, O. (2018). Strategic Planning As an Effective Tool of Strategic Management in Public Sector Organizations: Evidence from Public Transit Organizations. Administration & Society, 43(1), 87– 123. https://doi.org/10.1177/0095399710386315