Alignment of Projects with Organization Strategy
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Abstract
Strategy is implemented through projects. Every project should have a clear link to organization strategy but there are too many organizations in which many managers cannot identify a project’s priority and link it with the strategic plan. The article reviews conditions for managing multiple projects and linking business strategy with Project selection. The most important element of this system is the creation of a ranking system that utilizes multiple criteria that reflect the mission and the strategy of the organization. Resources (people, equipment, capital) for major projects must be clearly allocated and not conflict with daily operations. The priority team needs not to only scrutinize significant projects in terms of their strategic value but also their fit with the portfolio of projects currently being implemented. Project selection must be based not only on the merits of the specific projects but also on that it contributes to the current project portfolio mix.
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Articles
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