Overview
Strategy planning is required to give the changes / projects context,
and to ensure that what is being invested in during budgeting will
allow us to get to where we want to go.
The VMOST framework is an agile strategy planning tool which allows
organisations to focus on how they reach their vision. It is a core
Business Analyst / Business Architect technique and when used
in conjunction with other methodologies such as SWOT and
PESTLE it allows the organisation as a whole to be studied.
FRAMEWORK
V - Vision... The vision is where the organisation sees
themselves at a set point in the future
(such as in 5 years time).
Futurecasting is often used to describe the vision
as "A place where..."
M - Missions... If the vision is where we
want to be, missions are the big blocks of change
to get us there. Missions are action oriented and explain what will happen at a high level to change the status quo. Reaching a vision may require a number of missions to be completed.
O - Objectives... Objectives are check points to inform us if we have completed an individual mission or not. Usually they are in the form of KPIs which are set when the missions are identified. Objectives should follow the SMART criteria.
S - Strategies... Strategies are the areas of focus which the organisation believes will achieve the objectives.
T - Tactics... These are the actual change projects that will fulfil the strategies. Tactics fall into one of the following following types of change; 1) Product, 2) People, Process or Org, 3) Technology, 4) Marketing
