Approve minor amendments to correct omissions or inaccuracies to support plans; They are developed based on a rolling triennial approach with the primary focus being the first year. It allows you to better understand which elements of your strategy need work. 7.6 The University’s Operational Plan is a third tier plan that outlines the key initiatives and targets for the University on an annual basis. STEEPLED is another variation, which stands for “sociocultural, technological economic, environmental, political, legal, education, and demographic.”, See Also: PEST Analysis Template (+ Seven Other Strategic Planning Templates). Integrated Planning and Reporting Strategic Planning Framework Short Guide Integrated Planning and Reporting Strategic Planning Framework Short Guide (pdf) (483 KB) pdf. LGV does not intend to issue templates in the short-term but will support and facilitate sector development of resources and materials. Monitor performance against these Plans. Some of these frameworks have been around longer than others, or have been used in various case studies in different ways. At a glance, you can tell what the RAG status of each objective, measure, or initiative is. By continuing, you agree to our cookie policies. To learn more about the basics of strategic planning, read this article. 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. Over the years, we’ve helped hundreds of clients beat the odds in the strategy planning … 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. This approach works backward from the future to the present. Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. 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. 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. Please refer to the University’s Glossary of Terms for policies and procedures. 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. It doesn’t do you any good to have a strategic plan and not put it to use. 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). The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. An Annual Report for each financial year. Tweet us @clearpointstrat, and let’s get your strategy up and running. That’s a great question—and the answer isn’t cut and dried. See Also: A Full & Exhaustive Balanced Scorecard Example. There are a lot of strategic planning models out there. One year before the beginning of the fiscal year, Endnote 5 the EMB sets the strategic planning direction for the upcoming ISPP cycle. Calling this strategic planning creates false expectations that the exercise will somehow produce a coherent strategy.” 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. The leadership team or stakeholders identify the major issues and goals as a first step. A strategic … We use cookies to give you the best experience on our site. The idea behind Blue Ocean Strategy is for organizations to develop in “uncontested market space” (e.g. Conduct a review of the Plan prior to its conclusion. Here’s how to think of each of the four VRIO components: Once you answer these four questions, you’ll be able to formulate a more precise vision statement to help carry you through all the additional strategic elements in your plan. Many sections include examples, as well. 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 The guidance states that . Review and prepare quarterly action plan status reports if required by Relevant member of Executive, Relevant member of Senior Staff In your gap planning research, you may also hear about a “change agenda” or “shift chart.” These are similar to gap planning, as they both take into consideration the difference between where you are now and where you want to be along various axes. It would also be beneficial for younger organizations that need to gain funding without presenting a formal strategic plan. Integrated Planning and Reporting Framework and Guidelines p7. In addition, sections includes links to related, additional information to help the reader fill out that section of the framework. Figure 2-1 provides a framework to conceptualize strategic planning within a company. Strategy is a framework of plans or methods that help and organization to achievement of the main objective. 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. 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. Check out this all-inclusive guide, which includes best practices on strategic reporting and policy. Measurement, analysis, and knowledge management. 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. Similar to the organic model, real-time strategic planning is a fluid, nontraditional system. If you have any questions about the planning models above, we’d love to answer them. A Budget for each financial year. 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. This strategic management model is less focused on measures and more on goals and initiatives. For example, if you still need to work out your vision statement, it may be wise to begin with the VRIO framework and then move to something like the Balanced Scorecard to track and manage your ongoing strategy. When applying to win the Baldrige award at the national level, organizations undergo a competitive process that involves the implementation of the Baldrige framework. Review and prepare quarterly Operational Plan status reports. 2.1 Step 1: Set the strategic planning direction. The following policy provides a framework to outline the core requirements for University planning including development, approval, implementation, monitoring and review of University plans. It is therefore important that institutions focus on the achievement of outcomes oriented planning and report the results in a simple and clear manner. The MRF provides the framework for monitoring and reporting on progress in achieving the MSA Program's outputs and outcomes. Plan sponsor A Strategic Resource Plan for a period of at least four years that must be included in the Council Plan. The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. Approve and amend Strategic and Top Level Plans; and SWOT Analysis Template (+ Seven Other Strategic Planning Templates), PEST Analysis Template (+ Seven Other Strategic Planning Templates), Gap Planning Template (+ Seven Other Strategic Planning Templates), Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates), Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates), VRIO Analysis Template (+ Seven Other Strategic Planning Templates). Conduct a review of the support plan prior to its conclusion. Strategic planning tools, or models, are designed to help organizations' develop their action plan to achieve their goals. 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. 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. Prepare Top Level Plan’s performance reports for Council; and 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 The PEST model is often used in conjunction with the external factors of a SWOT analysis. These plans articulate strategies to enable our students to succeed or align resources to priorities. 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. 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! A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. In addition, support plans (or specific purpose plans) may be developed as subsidiary plans to first and second tier plans. The SPF has several defining characteristics that set it apart from other strategic planning processes . Monitor performance of the action plans. a blue ocean) instead of a market space that is either developed or saturated (e.g. The OKR framework is also effective because goals are continually set, tracked, and re-evaluated so organizations can quickly adapt when needed. Council or Vice-Chancellor and President as appropriate You’ll occasionally see the PEST model with a few extra letters added on. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. 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. Click To Tweet. Finally, you’ll create a series of proposed changes to operations or processes to achieve goals that will create the desired strategic alignment. Sample Strategic Plans These are public strategic plans OnStrategy has helped facilitate and create. Which is why we pulled together a list of 16 of the most popular ones and describe the scenario that they are most useful. Assessment is the starting point, but planners will return to this step again and again as their community’s … Most corporate strategic plans have little to do with strategy. Real-time strategic planning involves three levels of strategy: organizational, programmatic, and operational. Approve and amend Operational Plan; and If you are evaluating different approaches, I would recommend thinking about both creating your strategic plan and also executing on your plan. Strategy Map. It all starts with your organization’s vision. 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. It helps you see how your objectives affect the others. 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. This model is designed to sync the organization’s internal operations with its strategic goals. LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. (in accordance with the approved USC organisational structure). Robert Kaplan and David Norton. An actual demonstration of success will make a somewhat abstract concept become more concrete. LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. Present Strategic Plan performance reports to Council; and Monitor performance of the Operational Plan. 7.4 Top Level Plans are second tier plans, the number and focus of which will be determined by Council from time to time, and the Vice-Chancellor and President will nominate a responsible officer (sponsor) for each Plan. We recognise and pay respect to Elders past, present and emerging. It unifies all goals into a single strategy. 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 red ocean). 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. It aims to identify the major challenges your organization faces now—in other words, you start with the problems to iron out issues before expanding, shifting your strategy, etc. From there, your planning process is about how to ‘close the gap.’. 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. It gives you high-level details into your measures and initiatives and allows you to drill down into each by clicking on them. Next, you define time frames for goal achievement. 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? It provides a simple, clean, visual representation that is easily referred back to. 1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. Ansoff Matrix. Local Government Victoria provides a range of planning and reporting guides and templates to assist councils with planning, budgeting and reporting. 1f. 2.4 The University Strategic Plan and Top Level Plans outline our objectives for the next four years. For example, PESTEL (or PESTLE) indicates an organization is also considering “environmental” and “legal” factors. It Conduct a review of the Strategic Plan prior to its conclusion. 7.5 Support plans are plans that are subsidiary to first and second tier plans, the number and focus of which may be determined by either Council or the Vice-Chancellor and President from time to time. ×. The action plans will demonstrate how the School/Department will support the delivery of its strategic objectives within the allocated budget. USC acknowledges the Traditional Custodians of the land on which its campuses sit. Searching {{ model.searchType }} for returned no results. By continuing, you agree to our cookie and privacy policies. Information is material if its omission or misrepresentation . 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. 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 final operational level analyzes internal processes, systems, and personnel to develop a strategy that addresses “in-house” strengths and weaknesses. The Integrated Planning and Reporting Framework and Guidelines have been developed as part of the State Government's Local Government Reform Program. The strategic planning and reporting framework in the new Act builds on pre-existing local government practices and processes. 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. Download one of these free templates to put your planning process in play instantly. You want your department to be able to see their goals and the steps to achieve them. Diagram 1 – Planning and Reporting Framework. They are developed based on a rolling triennial approach with the primary focus being the first year. Top Level Plans. 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 is just one of the many “views” you’d be able to see in scorecard software once your BSC was complete. of the 2016-20 Strategic Plan. From there, you will execute and track progress. These plans serve as actionable road maps to success. Approve minor amendments to correct omissions or inaccuracies to Strategic and Top Level Plans; 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). Issue-based planning is ideal for young or resource-restricted organizations. The Balanced Scorecard is a strategy management framework created by Drs. From there, stakeholders will create action plans for each goal and begin tracking and measuring progress. The Local Government Performance Reporting Framework will become mandatory for councils in the 2014-15 planning and reporting cycle. Approve department/school action plans and amendments to the plans; and (member of University Executive). They are simply three year or five-year rolling resource budgets and some sort of market share projection. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. For the sake of example, the screenshot below is from ClearPoint’s reporting software. The FSAPP was written to be read in conjunction with the Framework for Read about the measures and checklists that make up the framework. (There are many models for strategic planning -- this framework is for conducting a goals-based plan.) You may also run into Porter’s Five Forces (see #7 below), which is a similar take on examining your business from various angles. 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. d. continuous improvement of planning processes. template, as well as a potential road map for developing a strategic planning framework for SUBR. Sector guidance: planning and reporting. This policy applies to all staff, students and members of University decision-making or advisory bodies. 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. Then, the programmatic strategy requires research into the external environment to identify approaches and offerings that would help the organization achieve its mission. Your organization-wide strategy is fine, but there’s one area in your business environment (or internal process) that needs to be realigned with your strategy. Each section includes directions. This is typically a short-term (6-12 months), internally-focused process. 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. What is Strategic Planning? The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. 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. This is a long-term strategic planning tool, so goal time frames are typically about three to five years. See Also: SWOT Analysis Template (+ Seven Other Strategic Planning Templates). 7.6.1 The University’s Operational Plan is approved by the Vice-Chancellor and President annually for the following financial year. 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. Below, we’ll walk through the three critical phases: Prepare for strategic planning. A scanning of the environment yields relevant data for the “Data Bank.” This data bank (or information system) would contain such data as government regulations, demographic indicators, It explains the strategic planning process and gives tips on how to create a successful reporting guide. Create your strategic plan. It includes feeding results into the official annual planning and reporting documents: Reports on Plans and Priorities and Departmental Performance Reports. Many nonprofits use this model—for example, a disaster relief agency needs the ability to respond quickly and adapt its strategy to immediately address a crisis. Below is an example SWOT analysis from the Queensland, Australia, government: Using a SWOT analysis helps an organization identify where they’re doing well and in what areas they can improve. 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. A strategy map is a visual tool designed to clearly communicate a strategic plan and … Not sure how to tackle this big job? 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. Read through each of the models or find the ones you're looking for from the list below and jump right to them. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. Strategic planning is an organization’s process for defining their strategy so that they can accomplish specific goals and objectives. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and By nature, vision statements are aspirational and forward-thinking, but they need specifics in order to be realized. 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. 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. Top Level Plans will complement and augment the Strategic Plan and should link strategy to operation. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. Goal-based strategic planning is the reverse of issue-based. (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 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. The Ansoff Matrix, also known as the Ansoff Product and Market Growth Matrix, was … The following framework will guide you through completion of your basic strategic plan document. And sometimes managers are more comfortable with one over another, for any number of reasons. d. effectively discharge its responsibilities in accordance with its legislative requirements. Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. NOTE: The framework depicts a useful format, but should be duplicated into an editable version, for example, into … 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. For the first level, you’ll define the organization’s mission, vision, market position, competitors, trends, etc. 7.4.1 Top Level Plans, and any amendments to them, 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. Approve and amend support plans; and (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.).

strategic planning and reporting framework

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