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Implementing the University Strategy: Ensuring Success Jon F Baldwin Registrar.

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Presentation on theme: "Implementing the University Strategy: Ensuring Success Jon F Baldwin Registrar."— Presentation transcript:

1 Implementing the University Strategy: Ensuring Success Jon F Baldwin Registrar

2 “50 by 50” – How will we get there? Ambitious University Strategy Clear mission and purpose Work just beginning Creativity and innovation combined with effective project management Put the University Strategy at the centre of what we do

3 Implementation Plan Each Strategic Goal will have a Project Plan setting out: Academic lead Admin/Management lead Project Team (cross functional) Key objectives and activities Main Benefits and Key Performance Indicators Risk Assessment Projected budget

4 Implementation Plan Estimated cost of £1.5m; £3.5m; £4.5m; £5m over the next four years Timescales to be reviewed following prioritisation of goals Plans embedded within Microsoft Project for ongoing monitoring and tracking Project plans to be further developed Project teams to be formed

5 Project Management function New Project Management function required Provide market intelligence and planning support for existing goals and new ideas Closely aligned to Communications Office, especially internal communications Initial £100k to be funded from Strategy

6 We need to consider... Prioritisation of goals Setting measures, targets and achievable milestones (through Project Teams) Monitoring progress Rewarding success £ £ £ ! ! Capacity: how many projects can we run? Resourcing/training needs Outsourcing versus insourcing

7 Funding the Strategy Phasing of spend Seed corn money to enable initial investigations Embed into normal University monitoring process: 5-year plan, Budget Steering Group Rationalise existing processes Ensure value for money

8 Raising Funds £200 million investment required (estimate) Develop more commercial activities - increased expectations of CRAG Set challenging but realistic targets for donations - increased expectations of DARO Increased expectations for research grant income and industrial income

9 Communicating Progress Regular updates Maintain momentum Involve departments (academic and administrative) Recognise when projects aren’t progressing – and remedy asap

10 Opportunities Involvement of Warwick staff Quick wins from smaller projects Interfunctional/cross departmental working Revitalise Warwick income generation ‘ethic’ Innovation, creativity and collaboration Clarity of University mission and purpose

11 What Happens Next? Incorporate ideas from today Project teams to meet and agree project plans, including milestones and targets Further analysis of budgets – cost and income Priority funding allocated to work on key goals

12 Financial Management 2007/08 priority funding to be allocated in September Remaining 07/08 funding to be allocated in November, subject to student recruitment targets Ongoing funding to be integrated within the 5 year planning process

13 Future Innovations Bids to be received through departmental 5 year plans £100k innovation fund (for low cost ideas or relating to support goals only)

14 Monitoring and Reporting Annual ASDAR process to evaluate and monitor all existing activities against strategic aims Quarterly Strategy progress reports to Senior Management Team Annual Strategy Report to Steering Progress Report to Council in 2010

15 How will we ensure success? Put the University Strategy at the centre of what we do Refocus departmental priorities Embed goals within our activities Creative thinking and innovative ideas Interfunctional and cross-departmental teamwork Effective management and monitoring of projects


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