194  Blockchain

• Blockers can be resolved by timely communication

• The prioritisation of the programmes can be changed in a timely man-

ner before it is too late and turns out to be very expensive

• There are multiple complex interdependencies between programmes

and projects. Having a timely evaluation and transparency can save

the whole strategic programmes from a failure

• Timely evaluation of the strategy can assist the organisation to change

the priority of the business outcomes on time, saving cost, brand

image and competitiveness

Steps for strategy execution evaluation

The following are the steps required to set up a framework for strategy

evaluation:

• Establish and flourish transparent culture in the organisation. Employees

should not be scared to highlight the issues, blockers and gaps

• Reduce hierarchy and bureaucracy within the departments and whole

organisation

• Set up anonymous feedback channels to report hidden and political

issues

• Set up governance for all strategic programmes to communicate to all

stakeholders regularly

• Enable, influence and support employees to raise risk and issues

promptly without a fear of consequences

• Run the programmes in an agile way. Enable the programme and

project managers to be transparent and be able to change the goals

and timelines of the outcomes in a timely fashion

• Establish various working groups to provide feedback, achievements

and risks

• Set up RACI (responsible, accountable, informed and communicate)

matrix for the stakeholders of the programme to make sure that right

communication goes out and decision makers are involved for a quick

decision and priority changes

• Close the programme with a final executive summary of

% of strategic business outcomes delivered

Lessons learnt

Quantitative and qualitative benefits delivered

Communication to all stakeholders

Next steps to accomplish initiatives that could not be delivered as

part of existing strategic programmes

Benefits of Strategy Execution Evaluation

There are multiple benefits of evaluation of the strategy execution. The fol-

lowing are some of the benefits: