Strategy without jargon

The amount and type of risk an organisation is willing to accept in pursuit of its objectives.

Formally authorise and fund a piece of work, research or service.

Reach a decision or establish a fact after considering relevant evidence.

Identify the underlying cause of a problem rather than describing its visible symptoms.

The period for which available money, capacity or another finite resource can sustain current activity.

Estimate a future value or condition using current evidence, assumptions and a stated method.

Define the boundaries and perspective through which a problem or choice will be considered.

Identify and resolve differences between records, assumptions or positions that should be consistent.

Capable of being done within the relevant practical constraints.

Important enough in size or consequence to affect a decision or reported position.

Able to handle materially greater volume or scope without a comparable rise in effort or failure.

Concerned with consequential choices about direction, priorities and resource allocation over time.

Capable of working successfully over the required period, not merely possible in principle.

The combined skills, processes, technology and organisation needed to perform an activity reliably.

A limit that restricts available choices or achievable outcomes.

A deliberate action introduced to change an outcome or behaviour.

A coherent description of a possible future used to test decisions under uncertainty.

A choice in which improving one desirable outcome requires accepting a cost or reduction elsewhere.

The direction and pattern of change over time, including where current momentum is leading.

The difference between an expected, planned or reference value and the observed result.