Initiatives are collections of related projects or efforts aimed at achieving specific objectives. They typically:
- Have a defined goal or outcome
- Involve multiple related activities or projects
- Require coordination across teams or departments
- Align with broader organisational strategies
Characteristics of Initiatives:
- Longer-term focus than individual projects
- Often involve strategic organisational changes
- May require significant resources and planning
- Can span multiple business areas or functions
Examples of initiatives might include digital transformation efforts, customer experience improvements, or new product development programs.