In my last post here, we discussed the importance of being efficient and effective as early stage developers. Today, let's discuss into the strategic planning process, the cornerstone of achieving these goals.
Here's how the Corporate Finance Institute defines strategic planning: it's the art of creating specific strategies, implementing them, and evaluating the results of executing the plan, in regard to your project's and career goals or desires.
Strategic planning process:
1. Define Your Strategic Direction:
Prior to commencing your task or project, dedicate sufficient time to:
- Understand the Big Picture: Clearly define the project's objectives and desired outcomes.
- Break it Down: Divide the project into manageable subtasks or mini-projects to facilitate progress tracking.
- Assess Your Skillset: Do you have the required skills? If no, how can you fill in the gap? Do you need to learn new skills or do you outsource?
- Gather Your Resources: Determine the financial and human capital resources required for the task or project. Is this a project or task you can handle just yourself or do you need a team or other contributors? If working within a company, who are the key stakeholders and access points for resources?
- Calculate the Cost: Figure out the overall budget of the project's life cycle and ensure financial feasibility.
- Anticipate Challenges: What are the potential obstacles and what are your contingency plans to address them proactively?.
- Tracking, Measurement and Analyses: How will you keep track of your project's progress and use of resources?
2. Execute Your Plan:
You have made your plans, broken down your project into subtasks and mini-projects, it's now time to take action.
Now you:
- Prioritize Tasks: Determine the optimal sequence for completing subtasks based on dependencies and importance.
- Set Performance Benchmarks: Define key performance indicators (KPIs) to measure progress and success against project goals.
- Allocate Resources Strategically: Assign resources, including time, personnel (if any), and budget, to each subtask based on its requirements.
3. Evaluate and Adapt:
This part of the project is where we often stumble as early-stage developers. We meticulously plan every aspect, but neglect to plan for effective tracking, measurement, and evaluation of our strategies. In this post, we discussed the importance of tracking, measuring and evaluating our efforts and strategies.
What do you need to do here?
- Continuous Monitoring: Regularly track progress against your defined KPIs to identify potential bottlenecks and deviations from the plan.
- Early Detection: Be proactive in pinpointing potential bottlenecks that could hinder project success.
- Course Correction: Based on your evaluation, make necessary adjustments to mitigate challenges and ensure project goals are met.
I also suggest you seek guidance from senior and more experienced developers to learn and understand how they carry out project evaluation.
Strategic planning is the cornerstone of success for any developer, regardless of experience level. By investing time in careful planning, you'll lay a solid foundation for efficient and effective project execution.
As early-stage developers (most of us like myself are not yet junior devs 🤣), embracing strategic planning is essential for our growth and development.
In my next post, we'll delve deeper into setting key performance indicators (KPIs) to track and measure progress.
See you in the next one.
I encourage all developers, especially senior ones, to share their insights and experiences with strategic planning in the comments. Your advice can be invaluable to us starting our journey.
Happy coding ❤️!
Credits:
Cover photo by The Alternative Board
Define your strategy photo by Cascade
Execute your plan photo by Tecker International
Evaluate and Adapt photo by Blend On
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