Glossary
Strategy, in plain language
Clear definitions of the strategy execution, portfolio, and predictive analytics terms that shape how modern teams plan and deliver.
Balanced Scorecard
The Balanced Scorecard is a strategy framework that tracks performance across four perspectives (financial, customer, internal process, and learning and growth) so strategy is not judged on financials alone.
BBusiness Case
A business case is a structured argument for an investment that quantifies its costs, benefits, risks, and expected return to support a go or no-go decision.
LLean Portfolio Management
Lean Portfolio Management (LPM) is a modern approach to funding and governing strategy that replaces rigid annual plans and fixed stage gates with continuous, outcome-based funding.
MMonte Carlo Analysis
Monte Carlo analysis runs thousands of simulated scenarios with varying inputs to produce a range of likely outcomes and their probabilities, instead of a single deterministic estimate.
OOKRs (Objectives and Key Results)
OKRs are a goal-setting framework that pairs a qualitative Objective with a few measurable Key Results to align teams and track progress toward outcomes.
PPredictive ML Scoring
Predictive ML scoring uses machine-learning models trained on historical outcomes to estimate the probability of success, risk, and ROI for a strategy or initiative before it plays out.
RRAID Log
A RAID log is a governance record that tracks Risks, Assumptions, Issues, and Dependencies in one place so leaders can manage what could derail delivery.
SStage-Gate
Stage-gate is a legacy project-governance model that advances initiatives through sequential phases separated by formal approval 'gates'.
SStrategic Portfolio Management (SPM)
Strategic Portfolio Management is the coordination of an organization's strategies, initiatives, and investments as a single portfolio, so leaders can prioritize, fund, and adjust by value and risk.
SStrategy Execution
Strategy execution is the disciplined work of turning strategic objectives into funded initiatives, tracked progress, and measured outcomes.
VValue Realization
Value realization is the practice of tracking whether the benefits promised in a business case are actually delivered after an initiative launches.