Strategic Funding

• Based on the strategic objectives and goals of the organization.
• Based on the organizations funding hierarchy.

             

  TIP

  The lowest level in the strategy structure is typically defined as a program.

             

Strategy structure levels are determined by the core implementation team and our core consulting team, based on your business needs. Once the levels are determined, users and Planview administrators can add strategic entities to the respective levels.

To add a new investment/strategic entity, click the +New option on the action menu () at its parent level.

Action menus are used to either perform an action or to navigate to a different view. The action menu lets you easily build out the structure using +New. If the child only has one label option, that option is dynamically displayed (+New Objective for example). If not, Strategy Type will have an option list for the header type on the next screen.

The purpose of this step is to describe and categorize the strategies in the portfolio, by populating the relevant data entry screens.

This information can be used to filter or slice analytics downstream in the reporting output process or divide strategic information in to relevant portfolios based on these data points.

If a workflow (lifecycle) is configured, users assigned to the steps will receive a notification when their step is activated.

If a workflow (lifecycle) is not configured, the creator of this new entity will also need to complete an additional screen—Strategy Detail.

Following the creation of the Organizational Strategic Goals or Funding Structure, the next step is to create the initiatives that will contain the programs to deliver the work.

Adding initiatives to the strategic structure provides a method of categorization, description and budgeting at a further level of strategic granularity prior to the creation of programs to deliver the work.

The first step in adding a new investment is to complete the Basic Information screen.

If a workflow (lifecycle) is configured, users assigned to the steps will receive a notification when their step is activated.

If a workflow (lifecycle) is not configured, the creator of this new entity will also need to complete an additional screen – Strategic Detail Attributes.

When adding a strategic entity, users will be presented with a Basic screen. Let’s review what some of these fields are for.

1. The strategic parent will be automatically populated based on the level you selected to add the entity to.
2. The new entity will be added at a level below the selected entity. Up to 50 characters are allowed for each description.
3. The strategic and investment approval statuses will be defaulted to the value set for your solution. Depending on your solution for strategic lifecycles, these values may be updated from the Strategy View or they may be updatable only via the lifecycle or from the Investment and Capacity Manager screen.
4. The target date entered here will be displayed on the Strategy View.
5. The Lifecycle options may be available to selected, if lifecycles are enabled for the level.
6. The user adding the entity will be automatically listed as the lifecycle administrator if the user has the appropriate permission. If not, users can select someone from the list.

Creating a new initiative will likely include the population of a small amount of (configuration-specific) description and categorization attributes as determined by the data and information needs of the organization.