{"id":10468,"date":"2019-03-21T13:38:09","date_gmt":"2019-03-21T18:38:09","guid":{"rendered":"https:\/\/blog.planview.com\/?p=10468"},"modified":"2020-05-12T14:44:25","modified_gmt":"2020-05-12T19:44:25","slug":"strategic-planning-types-of-planning-that-bring-your-strategy-to-life","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/","title":{"rendered":"Strategic Planning: The Types of Planning That Bring Your Strategy to Life"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10473 aligncenter\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Strategic-Planning_Types-of-Planning.jpg\" alt=\"Strategic Planning\" width=\"983\" height=\"524\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Strategic-Planning_Types-of-Planning.jpg 750w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Strategic-Planning_Types-of-Planning-300x160.jpg 300w\" sizes=\"auto, (max-width: 983px) 100vw, 983px\" \/><\/p>\n<p>In this blog series, we are providing an overview of the seven planning types to help you deliver on strategy with a dynamic and continuous approach. <a title=\"\" href=\"https:\/\/blog.planview.com\/types-of-planning-crucial-to-delivering-on-strategy\/\" target=\"_blank\" rel=\"noopener noreferrer\">In part one<\/a>, we started with the basics of strategic planning and the need for a flexible and long-term approach, so you can zig when the market, competition, or internal issues zag.<\/p>\n<p>In these next couple of installments, we\u2019re going to look at the different types of planning as they relate to your desired outcomes referenced from the eBook \u201c<a title=\"\" href=\"https:\/\/info.planview.com\/planning-deconstructed-_ebook_prm_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">Planning Deconstructed: 5 Types of Planning Crucial to Delivering on Strategy with Dynamic and Continuous Planning<\/a>.&#8221;<\/p>\n<blockquote><p><strong>But before we jump into the first three planning types and some questions to consider, let\u2019s take a moment and assess the way you plan now. This will help provide a frame of mind as you look at each type.<\/strong><\/p><\/blockquote>\n<p>For starters, let\u2019s identify the planners in your organization. Specifically, we\u2019re looking for who really cares about planning and who usually steps up when a plan is needed.<\/p>\n<p>Does this person have a particular way he or she plans? How often do they do it? For how long? And does that process involve revisiting a plan to see how well it worked? Also, take a look at the tools used as part of the planning process. Is a dedicated planning software being used or do you rely on standard applications like a spreadsheet?<\/p>\n<p>Do these plans have strategic priorities, and are they flexible enough to change when new priorities or projects come into play?<\/p>\n<p>All of these factors should provide a framework for how you can engage with the following plans, starting with financial planning.<\/p>\n<p><a href=\"https:\/\/info.planview.com\/planning-deconstructed-_ebook_prm_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10434 size-full\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Planview-Blog-Planning-Deconstructed-750x200.jpg\" alt=\"Planning Deconstructed eBook\" width=\"778\" height=\"200\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Planview-Blog-Planning-Deconstructed-750x200.jpg 778w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Planview-Blog-Planning-Deconstructed-750x200-300x77.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Planview-Blog-Planning-Deconstructed-750x200-768x197.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Planview-Blog-Planning-Deconstructed-750x200-750x193.jpg 750w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/#1_Project_Financial_PlanningBudgeting\" >1) Project Financial Planning\/Budgeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/#2_Strategic_Planning\" >2) Strategic Planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/#3_Program_Planning\" >3) Program Planning<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Project_Financial_PlanningBudgeting\"><\/span><strong>1) Project Financial Planning\/Budgeting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Project financial planning looks at all the financial information associated with a project. You\u2019ll start by evaluating how much money you\u2019re spending on resources for capitalized and non-capitalized costs related to the project.<\/p>\n<p>With this type of planning, you can manage the budget\/project forecast based on what was planned versus how much is actually being spent with snapshots of the project status. Financial planning should also be used to manage and track high-level resource efforts by organization and role.<\/p>\n<p>As you\u2019re going through this stage, check to see how well you\u2019re doing by asking these yourself some of the questions addressed in the eBook:<\/p>\n<ul>\n<li>Can you manage the financial data associated with your project in a structure that aligns with your organizational financial data model?<\/li>\n<li>Can you forecast the costs of delivering each project with expected revenue\/benefits?<\/li>\n<li>Can you use this information to calculate investment KPIs?<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"2_Strategic_Planning\"><\/span><strong>2) Strategic Planning <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Strategic planning is used to define and manage an organization\u2019s strategic missions and initiatives, especially in larger enterprises where uncertainty produces conflicts. Normally, we think strategic planning is reserved for executives or upper-level management. But project management teams also contribute to the strategic decision-making processes while keeping execs directly involved. Strategic planning lets you drive high-level objectives and strategies into more detailed aspects like resource demands, financials, dates, and benefits. For a deeper dive take a look a the whitepaper, \u201c<a title=\"\" href=\"https:\/\/info.planview.com\/four-key-elements-_whitepaper_sp_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">Four Elements of a Strategic Plan<\/a>.\u201d<\/p>\n<p>Before jumping into a strategic plan, consider answering some of the questions from the eBook to make sure you\u2019re on the right track.<\/p>\n<ul>\n<li>Can you define your organizational strategy in the form of a strategic plan?<\/li>\n<li>Can you define budgets and targets for the elements of the strategic plan and use them to fund initiatives and programs?<\/li>\n<li>Can you shift and adapt the strategic plan to address changes in market and competitive forces, strategic priorities, and continuous improvements?<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/strategic-planning\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13356 size-full\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2020\/04\/planview_strategic-solution-800x200.jpg\" alt=\"Planview strategic planning solution\" width=\"800\" height=\"200\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2020\/04\/planview_strategic-solution-800x200.jpg 800w, https:\/\/blog.planview.com\/wp-content\/uploads\/2020\/04\/planview_strategic-solution-800x200-300x75.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2020\/04\/planview_strategic-solution-800x200-768x192.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2020\/04\/planview_strategic-solution-800x200-750x188.jpg 750w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Program_Planning\"><\/span><strong>3) Program Planning <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Program management translates strategic objectives into measurable business outcomes with related initiatives. Strategic business objectives are often transformational and across departments or business units. This level of planning encompasses the creation, business case development, and approval of programs that deliver organizational strategic initiatives and ensure business outcomes.<\/p>\n<p>To keep on track with program planning, make sure you\u2019re comfortable with a few considerations taken from the eBook:<\/p>\n<ul>\n<li>You can initiate new programs to deliver the initiatives defined in your strategic plan, and you can describe and categorize these initiatives and assign ownership, providing an inventory of all of your programs.<\/li>\n<li>You can estimate the costs, benefits, and revenue associated with these initiatives, aligned with your organizational financial data model, to develop the business case for the program.<\/li>\n<\/ul>\n<p>I encourage you to download the complete eBook, \u201c<a title=\"\" href=\"https:\/\/info.planview.com\/planning-deconstructed-_ebook_prm_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">Planning Deconstructed<\/a>,\u201d which contains the complete list of definitions, questions, and considerations in greater detail. Continue reading the Planview Blog for the <a title=\"\" href=\"https:\/\/blog.planview.com\/roadmapping-an-essential-planning-practice-to-deliver-outcomes\/\" target=\"_blank\" rel=\"noopener noreferrer\">next part of this blog series<\/a> where we\u2019ll review investment and capacity planning, outcome planning and roadmapping, to help your organization advance the way they plan and achieve business outcomes.<\/p>\n<p>Keep learning by reading the next installments of this blog series, listed below:<\/p>\n<ul>\n<li><a title=\"\" href=\"https:\/\/blog.planview.com\/roadmapping-an-essential-planning-practice-to-deliver-outcomes\/\" target=\"_blank\" rel=\"noopener noreferrer\">Part 3: Roadmapping: An Essential Planning Practice to Deliver Outcomes<\/a><\/li>\n<li><a title=\"\" href=\"https:\/\/blog.planview.com\/putting-continuous-planning-types-to-work\/\" target=\"_blank\" rel=\"noopener noreferrer\">Part 4: Putting Continuous Planning Types to Work<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In this blog series, we are providing an overview of the seven planning types to help you deliver on strategy with a dynamic and continuous approach. In part one, we started with the basics of strategic planning and the need for a flexible and long-term approach, so you can zig when the market, competition, or&#8230;<\/p>\n","protected":false},"author":128,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[7549],"tags":[],"class_list":["post-10468","post","type-post","status-publish","format-standard","hentry","category-strategic-planning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strategic Planning: Types of Planning that Bring Strategy to Life - Blog | Planview<\/title>\n<meta name=\"description\" content=\"Follow along with this series to learn not only the basics of strategic planning, but also understand the different types of planning involved.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Planning: The Types of Planning That Bring Your Strategy to Life\" \/>\n<meta property=\"og:description\" content=\"Follow along with this series to learn not only the basics of strategic planning, but also understand the different types of planning involved.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-21T18:38:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T19:44:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Strategic-Planning_Types-of-Planning.jpg\" \/>\n<meta name=\"author\" content=\"Heather Westmoreland\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Planview\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Heather Westmoreland\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\"},\"author\":{\"name\":\"Heather Westmoreland\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/3e1e635e9cabc5dbafd1f25ee4477fe4\"},\"headline\":\"Strategic Planning: The Types of Planning That Bring Your Strategy to Life\",\"datePublished\":\"2019-03-21T18:38:09+00:00\",\"dateModified\":\"2020-05-12T19:44:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\"},\"wordCount\":835,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/03\/Strategic-Planning_Types-of-Planning.jpg\",\"articleSection\":[\"Strategic Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\",\"url\":\"https:\/\/blog.planview.com\/strategic-planning-types-of-planning-that-bring-your-strategy-to-life\/\",\"name\":\"Strategic Planning: Types of Planning that Bring Strategy to Life - 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