Execute
Bringing Plans to Life
With a clear vision, goals, and standards in place, the next step in the 7E Model for Excellence is to Execute your plan. Execution is where all the groundwork laid in the previous steps comes to fruition. This phase is about putting your plans into action, turning vision into reality, and ensuring that your best practices are implemented effectively.
From Planning to Action: The Heart of Execution
Execution is more than just following a plan; it’s about translating your standards into actionable steps. This involves deploying the necessary resources—people, technology, time, and money—to ensure that the plan is executed efficiently. Execution requires careful attention to detail, as even the best-laid plans can falter without proper implementation.
A key aspect of successful execution is adaptability. No plan is foolproof, and unforeseen challenges can arise. The ability to adjust and make necessary changes without losing sight of the overall objective is critical. Execution, therefore, is not just about sticking to the script but also about being responsive to changes and ensuring that progress continues even in the face of obstacles.
Balancing Resources: The Key to Effective Execution
Successful execution requires the right balance of resources. This includes ensuring that the right people are in place, that the necessary technology is available, and that time and money are allocated efficiently. It’s important to keep momentum going, ensuring that resources are not just available but optimally utilized to achieve the desired outcomes.
Execution also involves managing change effectively. When best practices involve modifying existing processes, a careful change management approach is essential. This ensures that transitions are smooth and that any disruptions are minimized.
Real-World Application: CATS CM® – Executing Best Practices
In the case of CATS CM®, execution is carried out by our clients, but we remain closely involved in the process. Successful contract management requires a careful balance between people, processes, and technology. It is also important to recognize that contract management interacts with various other processes, such as sales, procurement, and compliance. Ensuring that these interactions are managed effectively is key to successful execution.
The Execute phase is where plans come to life. By carefully managing resources, being adaptable, and ensuring effective change management, you can execute your best practices successfully.
In the next blog, we will explore Step 5: Evaluate, where we will discuss how to measure success and learn from the outcomes.