Strategic plans have to balance big picture vision with the practical realities of existing capabilities and resources. Strategic planning software gives teams central tools for performance management which allow them to develop strategies that work by breaking down organizational silos and working together as a cohesive team. Keep track of project progress and performance by utilizing real-time alerts and prioritize tasks using logic-based or rule-based approvals and use visualization tools to help you understand complex information.

If it’s budgeting or forecasting or capacity planning strategies planning software can help companies translate their strategies into execution on an enterprise-wide scale. It lets managers create roadmaps and high-level project plans that are aligned with strategic goals, while providing team members with a detailed view of what they need to accomplish in order to reach those goals. It also allows businesses to utilize predictive driver-based analysis and multi-scenario analysis to identify the most efficient future course of actions.

There are various factors to take into consideration when selecting the right software for strategic planning such as scalability ease of use, and KPI tracking, among others. The most important thing is to choose a tool that is compatible with your business needs and workflows. There are click resources plenty of options available to businesses trying for the most effective strategic planning tools. For instance, Wrike is a comprehensive project management tool that can function as a strategic planning solution. It’s an effective collaboration platform that helps teams organize their projects, collaborate effectively and stay on top of their performance with features such as task assignments deadline dates, milestone accomplishments files sharing, and much more.