1. Strategic Planning and
Budgeting for
Nonprofits
June 18, 2015
Triumph International Business Consulting

2. 2
Triumph International Business Consulting
Why is Strategic Planning
Important?

3. 3
• It is the organization’s road map to achieving future goals,
fundraising plan and program implementation.
• It reinsures the future path to shareholders and investors
• Organizations that plan strategies are more successful than
those that do not
• No strategic planning = No direction
Strategic Planning is
Important Because…..
Triumph International Business Consulting

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Strategic planning is a tool for changing your mode of
functioning from "reactive to active."
Strategic planning can:
• Stimulate new approaches
• Increase everyone's investment in the organization
• Develop a common vision
• Clarify values and beliefs
• Anticipate opportunities and obstacles
• Provide a framework for day to day decisions
• Create a marketing and fundraising plan
Benefits of Strategic Planning
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5. 10 REASONS WHY
STRATEGIC PLANS FAIL
1. Having a plan simply for plans sake.
2. Not understanding the environment or focusing on results.
3. Partial commitment.
4. Not having the right people involved.
5. Writing the plan and putting it on the shelf.
6. Unwillingness or inability to change.
7. Having the wrong people in leadership positions.
8. Ignoring marketplace reality, facts, and assumptions.
9. No accountability or follow through.
10. Unrealistic goals or lack of focus and resources.
http://www.forbes.com/sites/aileron/2011/11/30/10-reasons-why-strategic-plans-
fail/
Triumph International Business Consulting

6. STRATEGIC PLAN VS.
PROJECT MANAGEMENT
• Strategic planning is how an organization defines their
objectives, values, missions and the way to achieve these.
• Project management is the discipline of planning, organizing,
motivating, and controlling resources to achieve specific
goals.
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7. BENEFITS TO PROJECT
MANAGE A STRATEGIC PLAN
• List of tasks
• Start date and completion date
• Task managers who will be responsible to for the completion
of the tasks.
• Team or person to carry out the tasks
• Visual timeline for each task
What gets measured, gets done!!!
Triumph International Business Consulting

8. DANETTE O’CONNELL
Triumph International Business Consulting
244 Fifth Avenue, Suite D205
New York, NY 10001
doconnell@triumphbc.com
T 347.395.6904
Triumph International Business Consulting
Analyze
Company
Structure
Analyze
Process &
Procedures
Analyze
Financials
Report
Results
Provide
Financial
Services
Create
Strategic
Planning
Project
Mgmt.
Strategic
Plan