The success of any business plan is dependent on the ability to not just define ‘what needs to get done’ but also in ensuring activities get done as planned. People often tend to focus and work towards what gets reviewed. IbharCPM Structured Reviews makes it easier to review business as frequently “as every week” as managers do not have to collate information together or travel for a review. All that they do is record their observations, opinions and action plans.
Overview
Businesses review the progress of their business plan in different frequencies at different levels of the organization. In preparation of these reviews and its execution, businesses face the following challenges:
While the objective of the conducted of the meeting is to identify gaps in performance and ensure they are dealt with, people presenting share how well they have performed (a contradiction).
Enormous time is required to be spent not just by senior management but all other personnel who provide the information. The data put up is contested by different people in the review for its accuracy or recency. Decisions taken in the reviews are not communicated to stakeholders immediately, thus running the risk of timely action not being taken. Progress of Action plans from previous meetings rarely gets reviewed.
IbharCPM Structured Reviews helps in addressing the above challenges and bring about rigor of reviews. Employees record their observations and opinions anytime against the metrics. The review focusses on Action Plans and what remains to be done. This ensures that the risks are addressed and acted upon on-time than being reported upon post event.