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Strategic Initiatives

Strategic Initiative Software

Are Your Initiatives Actually Working?

Spider Impact is strategic initiative software that predicts whether your strategic initiatives will finish on time and under budget. More importantly, it tells you if they’re actually affecting your KPIs.

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Maximize Your Strategic Initiatives With Spider Impact

Unlock the potential of your strategic initiatives with Spider Impact. Ensure timely, cost-effective execution, as well as measurable impact on KPIs.

Tackle Performance Issues Proactively

Acting on critical performance issues can be difficult. Spider Impact alerts you when strategic objectives or KPIs deviate from targets, so you can take immediate action to keep your organization on track.

Stop Wasting Resources on Ineffective Initiatives

Wasting resources on projects that don't deliver? Spider Impact helps you identify and discontinue underperforming initiatives. Reallocate resources to initiatives that promise better returns, ensuring efforts and investments benefit your organization.

Bring Clarity to Your Strategy With Visualization

Understanding the progress of your initiatives will no longer be a struggle. Spider Impact's powerful data visualization tools create clear, illustrative charts and dashboards to help you visualize the direct impact of your actions on KPIs.

Create Initiatives to Solve Problems

Spider Impact alerts you when your strategic objectives and KPIs take a turn for the worse, and that’s when you put a strategic initiative in place to solve the problem. By taking action, you can fix performance problems and achieve your strategic goals.

Two Strategic Initiatives on a dashboard with three KPIs

Cancel Initiatives That Aren’t Working

Spider Impact tells you whether your strategy initiatives are actually affecting your business performance, providing the insight you need to cut underperforming projects. You have limited resources. Spend them wisely.

Predict Initiative Cost and Schedule

You put strategic initiatives in place for a reason. Make sure they actually get done without breaking the bank. Spider Impact uses Earned Value Management (EVM) to predict whether an initiative will finish on time and under budget.

Predicting strategic initiative budget and schedule

A Picture is Worth a Thousand Reports

Data visualization makes everything clearer. That’s why charts and dashboards in Spider Impact can show an initiative’s progress along with the performance measure it’s supposed to affect. In this example, we’re showing a KPI value trend on the same chart as the strategic initiative we’ve put in place to fix it.

Strategic Initiatives on a dashboard with KPIs

Complete The Cycle

Yes, you put strategic initiatives in place to fix problems with KPIs or strategic objectives. But sometimes your initiative measurements themselves become strategic. Spider Impact allows you to create calculated KPIs based on initiative data like percent complete, budget spent, projected days early/late, and projected total money spent.

Linking Initiatives to Specific Strategic Objectives Calculated KPI equation
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African Development Bank Optimizes its Initiatives with Spider Impact

Spider Impact is the perfect tool to cascade our strategy throughout the business, help plan work, assign resources, monitor delivery, and report back to the Board.

Odoma Ogbadu, Senior Compensation Officer, African Development Bank
Odoma Ogbadu Senior Compensation Officer, African Development Bank
Read the African Development Bank Story

Experience Spider Impact

See what Spider Impact can do for your organization with a live 30-minute demonstration of its capabilities.

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Predict Initiative Turnaround & Costs With Analytics

Utilize advanced analytics to predict the turnaround time and costs of your strategic initiatives. Spider Impact uses Earned Value Management (EVM) to provide accurate predictions so that your initiatives are completed on time and within budget. This predictive capability allows for better planning and resource allocation.

Forecasting visualization

Prioritize & Fund Strategic Initiatives for Success

Ensure your strategic initiatives receive the necessary resources by prioritizing and funding them effectively. Spider Impact helps you identify the most impactful projects, so you can allocate resources wisely and drive organizational success. This strategic approach supports and executes critical initiatives to achieve your goals.

Earned value management software Overall Positive Impact

Improve Performance & Cancel Ineffective Projects

Enhance organizational performance by focusing on successful initiatives and discontinuing those that are ineffective. Spider Impact offers insights into the real impact of your projects, enabling you to cut losses and redirect resources to initiatives that drive positive results.

a dashboard showing strategic business process management cost projection of a project

Enhanced Visibility for Timely Decision-Making

Gain a comprehensive view of your strategic initiatives with Spider Impact’s enhanced visibility features. Real-time data visualization through charts and dashboards allows for timely decision-making and better management of your projects. This increased visibility ensures that you can quickly respond to changes and maintain strategic alignment.

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Spider Impact Advantages

Spider Impact bridges the gap between strategy and execution. It highlights the operational data you need to run your organization, while never losing sight of your big-picture goals.

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Demo then Free Trial

Schedule a personalized tour of Spider Impact, then start your free 30-day trial with your data.

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FAQs

What Are Strategic Initiatives?

Strategic initiatives are targeted efforts designed to achieve specific organizational goals. These initiatives are usually aligned with the broader strategic objectives of a company and are aimed at addressing key performance indicators (KPIs). They involve planning, resource allocation, and monitoring to ensure they deliver the intended impact. Spider Impact helps manage and evaluate these initiatives to ensure they contribute positively to business performance.

How Do You Implement a Strategic Initiative?

To implement a strategic initiative, begin by clearly defining the objectives and aligning them with your organization's strategic goals. Develop a detailed plan outlining the steps, resources, and timeline required. Use tools like Spider Impact to monitor progress, predict outcomes, and adjust as needed. Regular updates and stakeholder communication are essential for maintaining momentum and ensuring successful implementation.

How Frequently Do You Review and Adjust Strategic Initiatives?

MReview and adjust strategic initiatives regularly to ensure they remain aligned with organizational goals and are effectively contributing to performance improvements. Spider Impact can provide real-time insights into initiative progress, making it easier to identify when adjustments are needed. Monthly or quarterly reviews are common, but the frequency can be tailored based on the initiative's complexity and impact.

How Do You Evaluate the ROI of Strategic Initiatives?

Evaluating the ROI of strategic initiatives involves assessing their impact on key performance indicators and financial performance. Tools like Spider Impact can track initiative progress and provide data on costs, timelines, and outcomes. By comparing these metrics against initial goals and investment, you can determine the effectiveness and financial return of each initiative, guiding future strategic planning.

What Resources Support Strategic Initiatives?

Supporting strategic initiatives requires a combination of human, financial, and technological resources. Key resources include skilled personnel, adequate funding, and robust project management tools like Spider Impact. These resources enable the planning, execution, and monitoring of initiatives, so they are carried out effectively and deliver the desired outcomes.

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