Project Strategic Plan Template

Description

If you are looking for a tool to make strategic planning for your project you have come to the right place because here, we will be discussing strategic planning and templates used for it.

At the start of the project, you must think of many problems and their probable solution. All of this depends on the scope and objectives of a project You can get all your answers by using a well-managed project management strategy tool e.g.;

1. Strategic Planning in Project Management
2. Project strategic plan template (Excel, Word, PowerPoint & PDF, etc.)

The project strategic plan template tool mainly focuses on the successful completion of the project overall.

This project tool is very important and extremely beneficial in project processes and tasks and makes sure that the project is successfully reaching the endpoint.

Without effective strategic planning, it is very difficult to manage the project and have everything under control. The planning process also focuses on the resources and operational processes of the project.

The project’s future and success are completely depending upon the strategic planning and smart planning of the processes.

In this article, we will see what is a strategic plan, why we need it, and what impact does it have on the project planning and management process.

What Is Strategic Planning (Project strategic plan template)?

The strategic plan is the best way of dealing with the project processes and highlights the business-related objectives and scopes.

This template makes the project decision-making progressive and allows the project to flourish in the right direction. This is a more professional and proactive approach to project planning.

It is also providing a plan for making better decisions for unfortunate and unfavorable conditions. Also using this tool allows reducing the risk and issues of the project.

For the process to succeed it is important to meet the requirements to make sure they are completed efficiently. Moreover, the level of communication and productivity is also improved to many folds.

A project manager is a person responsible for making a strategic plan and keeping it updated. It also makes the planning process easy, convenient, and straightforward.

Project managers with the use of this tool will be able to make informed and better decisions for the growth of the project. The changes of getting the success and keeping the project safe are also ensured by using this tool.

In simpler words, strategic planning is drawing a map for the project.  It is a way of determining how well the project is executed and what processes and methodologies must be used.

This amazing tool also shows the right directions to the leaders of the company. You can make better choices and set priorities about resources and other components of the project.

Elements of a Strategic Plan

The Project strategic plan template is established mainly to determine the direction of the project process. The size, text, and complexity of the project strategic plan are mainly depending on the project type.

It is the most popular tool and many project professionals benefit from it. Without a strategic plan, things can get messy and complicated and require a lot more time and attention. Subsequently, mainly the purpose of using this tool is to make things easy, straightforward, and less complicated.

Following are the main component of a strategic plan:

1. The first one is the mission statement for customers, shareholders, and stakeholders.
2. Then comes the vision and mission statement.
3. Then comes the SWOT Analysis to highlight the strengths, weaknesses, and risks associated with to project.
4. After that, you must describe the long-term goal statement to show the vision and achievable plan.
5. The well-defined statement of the project’s yearly objectives is also one of the important components.
6. After that, there is a place for detailed action plans and must show how they will be obtained.

Strategic planning vs project planning

the process of strategic playing is often confused with project planning. In actuality, these two are quite different from one another.

Project planning basically is used for single processes and tasks individually in the project. Whereas strategic planning is diverse, much different, and broader term as compared to project planning.

It covers way more processes and works on a broader radius of projects.

Strategic planning is comprehensive, broad, and is to support the project overall goal. A strategic plan focuses mainly on the overall plan and making sure you have a full plan on hand and saves you from day-to-day issues and hectic planning.

Consequently, it is important you understand the difference and don’t mix them with one other.

How to write a strategic plan?

As we have understood the basics of strategic planning now let’s dig into the creating steps of this plan. In general, the strategic planning process is the technique that is opted by organizations to achieve their long-term goals.

This process provides for strategic objectives and process initiation which will be very helpful to the project in long run.

The main steps of making a strategic plan are outlined below:

1. Communication is the most important and crucial step and failing in this field could cost you your project.
2. It is important to comprehend your project objectives to make sure that the plan is well implemented.
3. The stakeholder plan and role must be highlighted properly.
4. Deadline and dependencies must be highlighted and dealt with properly.
5. Next comes resource identification and paying attention to the process as it aids to on-time completion.
6. Another important aspect is tracking progress and keeping an eye on the developmental process.
7. Keep the plan updated and well maintained as the needs of the project must be your first priority.
8. Lastly comes the reporting which includes the results and conclusions of the project processes.

Benefits of using a Project strategic plan template

The benefits and utilization of the project strategic plan are endless. It helps in making a systematic and logical approach towards the batter formulation of the project processes.

It also elevates the level of communication between the employees and employers.

This tool provides the opportunity to give the process details and make a professional action plan. This practice will give your ideas a direction.

Eventually, strategic planning comes with the control and gives your process a vision that turns up to the best results. Furthermore, this tool is useful in combating the project’s weaknesses and enhancing the growth levels of its processes.

FAQS

1.What is an example of a project strategic plan?

Ans. The project strategic plan indicates the actual performance of a project, the targeted performance, and the set goal (the date of achieving a targeted goal).

You can see an example of project strategic planning below diagram:

2.What are the 4 Ps of Project Planning?

Ans. Following are the most famous Ps of strategic project planning;

1. People: Stakeholders are the most important elements of a successful project
2. Product: the products/ software’s etc. to be built
3. Process: the set of framework activities and software engineering tasks to get the job done
4. Project: All actions required to achieve the goals to make a project successful and make the products a reality