Sector guidance: planning and reporting. In the simplest form, there are three basic steps to follow when implementing the organic model of strategic planning: What type of company would the organic strategic planning model work best for? Below is a simple comparison chart from the Blue Ocean Strategy website that will help you understand if you’re working in a blue ocean or a red ocean: See Also: Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates). (‘Approving body’). The award is currently open to manufacturing, service, small business, nonprofit, government, education, and healthcare sectors. All in all, a Balanced Scorecard is an effective, proven way to get your team on the same page with your strategy. USC acknowledges the Traditional Custodians of the land on which its campuses sit. If your organization has a large, diverse group of stakeholders that need to find common ground, a vision that will take a long time to achieve, and a strong strategic emphasis on vision and values (instead of structure and procedures), this may be the right model for you. Any amendments to the action plans must be approved by the ’approving officer’, except that minor amendments to correct omissions or inaccuracies may be approved by the cost centre manager and reported to the responsible Executive member as soon as practicable. The work program forms part of the strategic planning framework, designed to reflect the organisation’s audit strategy and inform the Parliament, government entities and the public of the planned audit coverage for the Australian Government sector. Assessment is the starting point, but planners will return to this step again and again as their community’s … The Malcolm Baldrige National Quality Award is “the highest level of national recognition for performance excellence that a U.S. organization can receive.” Created in 1987, the goal of Baldrige is to help organizations innovate and improve, while achieving their mission and vision. The Strategic Framework covers a period of two consecutive calendar years and serves as the basis for programme planning, budgeting, monitoring and evaluation. The PEST model is often used in conjunction with the external factors of a SWOT analysis. The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. The five forces it examines are: The amount of pressure on each of these forces can help you determine how future events will impact the future of your company. The issue-based strategic model is oriented in the present and projects into the future. METHODOLOGY This report builds on a previous report for SUBR regarding best practices in strategic planning and a Strategic Planning Stakeholders survey analysis conducted for the university. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. It is an acronym for “strengths, weaknesses, opportunities, and threats.” Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors. A strategic … The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. In 2013, over a thousand participants, including mayors, councillors, senior staff and other relevant stakeholders, attended 35 information sessions to provide feedback on the draft framework. 7.7.1 Action plans are approved by the relevant member of Executive (‘approving officer’) - Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor - annually for the next financial year. All planning at USC is underpinned by the Enterprise Risk Management Governing Policy and the Risk Management Framework and Strategy which provides the basis for integrated risk management at the University. Searching {{ model.searchType }} for returned no results. Pro tip: To search, just start typing - at any time, on any page. Ansoff Matrix. One year before the beginning of the fiscal year, Endnote 5 the EMB sets the strategic planning direction for the upcoming ISPP cycle. The 2020-2025 Strategic Plan is activated by our Planning and Reporting Framework via a clearly articulated planning and accountability structure that integrates with and is applied to all levels of Planning and Reporting to ensure UOW achieves our 2025 strategies and objectives to progress our 2030 and Beyond vision. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. (Green indicates everything is going as planned, while yellow and red indicate that there are various degrees of trouble with whatever is being looked at.). Below, we’ll walk through the three critical phases: Prepare for strategic planning. That’s a great question—and the answer isn’t cut and dried. Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and Then, the programmatic strategy requires research into the external environment to identify approaches and offerings that would help the organization achieve its mission. Use a Department Business Plan Dashboard. Some of these frameworks have been around longer than others, or have been used in various case studies in different ways. (in accordance with the approved USC organisational structure). The strategic planning and reporting framework in the new Act builds on pre-existing local government practices and processes. Read through each of the models or find the ones you're looking for from the list below and jump right to them. It unifies all goals into a single strategy. Approve and amend Operational Plan; and See Also: VRIO Analysis Template (+ Seven Other Strategic Planning Templates). 7.3 The Strategic Plan includes the University’s vision, sets the long-term direction of the University and articulates major University level priorities over a four-year period. At a glance, you can tell what the RAG status of each objective, measure, or initiative is. Integrated Planning and Reporting Strategic Planning Framework Short Guide Integrated Planning and Reporting Strategic Planning Framework Short Guide (pdf) (483 KB) pdf. We use cookies to give you the best experience on our site. Conduct a review of the Plan prior to its conclusion. This is just one of the many “views” you’d be able to see in scorecard software once your BSC was complete. within the strategic report but also more broadly, to cover linkage to other elements of the annual report. Strategic planning tools, or models, are designed to help organizations' develop their action plan to achieve their goals. Council or Vice-Chancellor and President as appropriate This is a long-term strategic planning tool, so goal time frames are typically about three to five years. 7.7 Department/School action plans are fourth tier plans required for each Department (including campuses) and School within the University, and outline the key initiatives and targets for that organisational area on an annual basis. Robert Kaplan and David Norton. This document sets out a framework to align strategic and annual performance planning with emphasis on the outcomes oriented monitoring and evaluation approach led by the Presidency. It’s primarily used by organizations that need to be more reactive, and perform strategic planning in “real time.” For these companies, detailed, long-term plans tend to become irrelevant within the typical three- to five-year planning cycle because the environment they operate in rapidly changes. The guidance states that . Each plan contains and entire strategic plan including mission, vision, long-term strategic priorities, key performance indicators, annual goals, and cascaded actions items. The SPF has several defining characteristics that set it apart from other strategic planning processes . It’s designed to create alignment and engagement around measurable goals by clearly defining: This model is effective in part because of its simplicity; it also employs a “reverse” hierarchy that works to gain buy-in and alignment from the ground up. d. effectively discharge its responsibilities in accordance with its legislative requirements. Download one of these free templates to put your planning process in play instantly. They are simply three year or five-year rolling resource budgets and some sort of market share projection. Strategic planning is a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success. Relevant member of Executive You’ll occasionally see the PEST model with a few extra letters added on. template, as well as a potential road map for developing a strategic planning framework for SUBR. University Plan means a plan that is the University’s Strategic Plan, or a University-wide thematic plan derived from the Strategic Plan (Top Level Plan), or the University’s Operational Plan, or a plan for the operation of one or more organisational units (action plan) or a performance and development plan for an individual staff member prepared as part of Performance Planning and Review. Monitor performance of support plans. Most corporate strategic plans have little to do with strategy. The final operational level analyzes internal processes, systems, and personnel to develop a strategy that addresses “in-house” strengths and weaknesses. With this model, a company uses “natural,” self-organizing systems that originate from its values and then leverages its own resources to achieve goals, conserve funds, and operate effectively. USC is a member of the Regional Universities Network, Institute for Cyber Investigations and Forensics, Planning and Reporting Framework - Governing Policy, Enterprise Risk Management - Governing Policy, Financial Management Practices - Operational Policy, Organisational Unit Reviews - Operational Policy, Performance Management - Operational Policy, Performance, Planning and Review (PPR) - Procedures, Planning and Reporting Framework - Procedures, Glossary of Terms for policies and procedures, Strategic and Top Level Plans. Which is why we pulled together a list of 16 of the most popular ones and describe the scenario that they are most useful. The OKR framework is also effective because goals are continually set, tracked, and re-evaluated so organizations can quickly adapt when needed. Prepare Top Level Plan’s performance reports for Council; and 7.3.1 The Strategic Plan and any amendments to it must be approved by Council (after review by the Planning and Resources Committee), except that minor amendments to correct omissions or inaccuracies may be approved by the Vice-Chancellor and President and reported to the next scheduled meeting of Council. If you’re interested in reading more, this Business News Daily article offers some additional details about each area of the SWOT analysis and what to look for when you create one. For example, Kim and Mauborgne explain via their 2004 Harvard Business Review article how Cirque du Soleil didn’t attempt to operate as a normal circus, and instead carved out a niche for itself that no other circus had ever tried. The following policy provides a framework to outline the core requirements for University planning including development, approval, implementation, monitoring and review of University plans. Strategic planning is a team process that sets up how your company will accomplish its goals. The framework outlines the “Baldrige Criteria For Performance Excellence,” where organizations must demonstrate achievement and improvement to an independent board of examiners in these seven areas: To implement the Baldrige framework in your organization, start with two questionnaires that help you self-assess based on the seven Baldrige Criteria categories, and get a snapshot of your strengths and opportunities for improvement. Strategy mapping is a major part of the Balanced Scorecard (though it isn’t exclusive to the BSC) and offers an excellent way to communicate the high-level information across your organization in an easily-digestible format. The FSAPP was written to be read in conjunction with the Framework for It gives you high-level details into your measures and initiatives and allows you to drill down into each by clicking on them. It gives every employee a clear goal to keep in mind while accomplishing tasks and measures. In addition, support plans (or specific purpose plans) may be developed as subsidiary plans to first and second tier plans. Review and prepare quarterly action plan status reports if required by Relevant member of Executive, Relevant member of Senior Staff And sometimes managers are more comfortable with one over another, for any number of reasons. Create your strategic plan. The chart below, for example, demonstrates the difference between the projected and desired sales of a mock company: See Also: Gap Planning Template (+ Seven Other Strategic Planning Templates). Performance reporting is a key part of our strengthening councils program. PREFACE All local governments are currently required to produce a plan for the future under S5.56 (1) of the Local Government Act 1995 (the Act).It is intended that regulations will be made under S5.56(2) of the Act to briefly 2.4 The University Strategic Plan and Top Level Plans outline our objectives for the next four years. Most notably, it is: Dynamic and iterative. By continuing, you agree to our cookie policies. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. Through the establishment and maintenance of the Planning and Reporting Framework, the University will undertake strategic and operational planning to assist it to: a. realise its vision and achieve its goals on an ongoing basis; b. integrate planning, risk, reporting and budgetary processes; c. behave proactively rather than reactively; and. The Ansoff Matrix, also known as the Ansoff Product and Market Growth Matrix, was … LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. Review and prepare quarterly Operational Plan status reports. The Local Government Performance Reporting Framework will become mandatory for councils in the 2014-15 planning and reporting cycle. It would also be beneficial for younger organizations that need to gain funding without presenting a formal strategic plan. Blue Ocean Strategy is a strategic planning model that emerged in a book by the same name in 2005. When you deploy it correctly, strategic planning highlights problems, helps find solutions, and monitors progress. It Strategic planning is an organization’s process for defining their strategy so that they can accomplish specific goals and objectives. Approve and amend Strategic and Top Level Plans; and Approve minor amendments to correct omissions or inaccuracies to support plans; Many sections include examples, as well. Figure 2-1 provides a framework to conceptualize strategic planning within a company. The operational plan will demonstrate how the University will support the delivery of its strategic objectives within the allocated budget. (member of University Executive). Porter’s Five Forces is an older strategy execution framework (created by Michael Porter in 1979) built around the forces that impact the profitability of an industry or a market. Then you’ll identify which parts of operations are working well and which are not, brainstorming ideas from the successful aspects on how to address problems. 7.8 Individual staff performance and development plans are fifth tier plans developed and reviewed as part of the University’s performance planning and review process in accordance with the Performance Planning and Review (PPR) Policy. If you have any questions about the planning models above, we’d love to answer them. Any amendments to it must be approved by the Vice-Chancellor and President, except that minor amendments to correct omissions or inaccuracies may be approved by the Chief Operating Officer and reported to the Vice-Chancellor and President as soon as practicable. After an issues-based plan has been implemented and the major issues you identified are resolved, then your organization might consider shifting to a broader, more complex strategic management model. A Strategic Resource Plan for a period of at least four years that must be included in the Council Plan. 7.9 Within the framework of approved plans, University policies and procedures, and allocated budgets, Senior Staff are given a high degree of flexibility in decision-making. a red ocean). The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. Sample Strategic Plans These are public strategic plans OnStrategy has helped facilitate and create. We recognise and pay respect to Elders past, present and emerging. This is typically a short-term (6-12 months), internally-focused process. 7.10 To address principles of transparency and accountability and ensure compliance with legislative obligations, the University will embed regular reporting processes at all levels of the planning and reporting framework to monitor performance and achievement of organisational objectives. In addition, sections includes links to related, additional information to help the reader fill out that section of the framework. Tweet us @clearpointstrat, and let’s get your strategy up and running. Conduct a review of the support plan prior to its conclusion. I’m willing to bet one of these situations sounds familiar: If you can identify with one of these scenarios, this article is for you! of the 2016-20 Strategic Plan. The Hoshin Planning approach aligns your strategic goals with your projects and tasks to ensure that efforts are coordinated. 1f. Strategy is a framework of plans or methods that help and organization to achievement of the main objective. 6.2 The University’s planning process will be led by the Vice-Chancellor and President with the participation of the University Executive, Council, Academic Board, and Planning and Resources Committee, and will be informed by an assessment of the University’s internal and external environments and by consultation with staff and other stakeholders. They are developed based on a rolling triennial approach with the primary focus being the first year. Check out this all-inclusive guide, which includes best practices on strategic reporting and policy. Gap planning is also referred to as a “Need-Gap Analysis,” “Need Assessment,” or “the Strategic-Planning Gap.” It is used to compare where an organization is now, where it wants to be, and how to bridge the gap between. Calling this strategic planning creates false expectations that the exercise will somehow produce a coherent strategy.” This policy applies to all staff, students and members of University decision-making or advisory bodies. A strategy map offers a host of benefits: See Also: A Strategy Map Template For Medium-Sized Companies. The alignment strategic planning model is particularly useful when a company needs to refine its objectives or address ongoing challenges or inefficiencies that are blocking progress. Read about the measures and checklists that make up the framework. The strategy at your organization is nonexistent, and you’re assigned to find a strategic planning model so that you can kick off your, Your company-wide strategy is in place, but entirely ineffective—and you have a hunch that using a strategic planning model (and. It provides for an adaptive management approach that enables improvements to be made to the program's implementation where necessary, and to ensure the outputs and outcomes are achieved. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or … (Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor in accordance with the approved USC organisational structure), Approve minor amendments to correct omissions or inaccuracies to action plans; and Diagram 1 – Planning and Reporting Framework 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. Approve department/school action plans and amendments to the plans; and From there, your planning process is about how to ‘close the gap.’. The strategic planning model of choice for Google, Intel, Spotify, Twitter, LinkedIn, and many other Silicon Valley successes, the OKR framework, is one of the more straightforward strategic planning tools. This devolution of responsibility recognises that Senior Staff are responsible for management of risks and the achievement of plans in an often dynamic environment and that operational management decisions are most appropriately made at the organisational unit level. It doesn’t do you any good to have a strategic plan and not put it to use. 7.6.1 The University’s Operational Plan is approved by the Vice-Chancellor and President annually for the following financial year. 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. 2.3 These principles are illustrated in the Planning and Reporting Framework diagram included in the Planning and Reporting Framework – Governing Policy. Goal-based strategic planning is the reverse of issue-based. These plans articulate strategies to enable our students to succeed or align resources to priorities. Without proper reporting, you won’t be able to track progress, pinpoint problems, or achieve goals. Conduct a review of the Strategic Plan prior to its conclusion. Not sure how to tackle this big job? Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. A strategy map is a visual tool designed to clearly communicate a strategic plan and … Approve and amend support plans; and Next, you define time frames for goal achievement. Each section includes directions. A priority will be to embed a new operational governance framework to better monitor the ongoing effectiveness of servi ce delivery, provide a constructive forum for faculties to voice concerns and mutually agree solutions with service providers, and to troubleshoot areas of crisis or serious weakness. The ultimate goal in implementing the VRIO model is that it will result in a competitive advantage in the marketplace. Linkage should also apply to any additional (immaterial) information provided outside the ... a principles based framework. It takes into account your: There are many ways you can create a Balanced Scorecard, including using a program like Excel, Google Sheets, or PowerPoint or using reporting software. You want your department to be able to see their goals and the steps to achieve them. For the sake of example, the screenshot below is from ClearPoint’s reporting software. It includes feeding results into the official annual planning and reporting documents: Reports on Plans and Priorities and Departmental Performance Reports. reporting framework. The Framework for Strategic and Annual Performance Plans (FSAPP) was introduced in 2010 by National Treasury to align, standardise and inform departmental medium-term strategic planning and annual performance planning. The RACI matrix is a helpful visual for defining the role each person in your organization has for projects and processes, ensuring it aligns with their OKRs. Similar to the organic model, real-time strategic planning is a fluid, nontraditional system. If you are set on pitching a particular strategic planning model to management, be prepared to give your boss or board of directors an example of another successful company that has utilized that particular model. You may also run into Porter’s Five Forces (see #7 below), which is a similar take on examining your business from various angles. By nature, vision statements are aspirational and forward-thinking, but they need specifics in order to be realized. 6.1 The University will adopt a systematic approach to planning based on: a. development of action directed towards the realisation of the University’s Vision and strategic priorities, b. effective risk and resource management strategies, c. effective accountability processes including reporting on plan outcomes and. See Also: A Full & Exhaustive Balanced Scorecard Example. 2.2.1 The National Development Plan and the Medium Term Strategic Framework 25 2.2.2Implementation Delivery Model 25 2.2.3Spatial Development Framework 26 2.2.4Budget Prioritisation Framework 26 2.2.5Provincial priorities 27 2.3 Alignment of the policy, planning, budgeting and reporting processes 27 It all starts with your organization’s vision. It provides a simple, clean, visual representation that is easily referred back to. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. Strategy Map. The idea behind Blue Ocean Strategy is for organizations to develop in “uncontested market space” (e.g. The research should cover opportunities, threats, competitive advantages, and other points to spur strategic brainstorming. Responsible officer Terms and definitions identified below are specific to this policy and are critical to its effectiveness: Consultation process means the provision of opportunity to contribute ideas and suggestions, Monitoring means systematic overview of the implementation of a University plan. The book—titled “Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant”—was written by W. Chan Kim and Renée Mauborgne, professors at the European Institute of Business Administration (INSEAD). Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing … The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. LGV does not intend to issue templates in the short-term but will support and facilitate sector development of resources and materials. The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. Measurement, analysis, and knowledge management. It’s for that very reason we created this ultimate guide to strategic planning. (There are many models for strategic planning -- this framework is for conducting a goals-based plan.) This approach works backward from the future to the present. These plans are generally University-wide plans which may be developed to articulate specific strategies or align resources to priorities, and the Vice-Chancellor and President will nominate a responsible officer for each Plan. This model is designed to sync the organization’s internal operations with its strategic goals. Some sources cite up to seven steps in the Hoshin Planning model, but the four most critical are: You visualize your objectives, measures and targets, measure programs, and action items in a Hoshin Planning matrix. The Balanced Scorecard is a strategy management framework created by Drs. What is Strategic Planning? NOTE: The framework depicts a useful format, but should be duplicated into an editable version, for example, into … This strategic management model is less focused on measures and more on goals and initiatives. Issue-based planning is ideal for young or resource-restricted organizations. The action plans will demonstrate how the School/Department will support the delivery of its strategic objectives within the allocated budget. 3.2 In accordance with the requirements outlined in the Financial and Performance Management Standard 2009 the University must also have appropriate systems in place for evaluating the achievement of its objectives and services stated in these plans, and must report against this performance at least once every three months. It allows you to better understand which elements of your strategy need work. Monitoring and Reporting Framework Melbourne Strategic Assessment 6 Components of the Monitoring and Reporting Framework The key components of the MRF are: Program logic – This describes the relationships between program activities and processes, program outputs and program outcomes and how activities are expected to lead to outcomes.

strategic planning and reporting framework

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