Linking Project Management to Business Strategy
- 4h 55m
- Aaron J. Shenhar, Dov Dvir, Dragan Milosevic, Hans Thamhain
- Project Management Institute
- 2007
Organizations often focus on short-term results, such as immediate financial goals. However, projects are expected to achieve results that link back to an organization’s overall business strategy. This apparent discrepancy led researchers to ask: What does it mean to link project management strategy to business strategy?
In Linking Project Management to Business Strategy, researchers were guided by the hypothesis: If projects are successful in aligning their efforts with the business strategy, they will better contribute to the long-term goals of the organization.
Linking Project Management to Business Strategy is divided into three sections:
- Conceptual Foundation provides definitions for terms in found in later sections and creates the conceptual and theoretical framework for examining the issue of strategic alignment
- Empirical Verification examines the previously developed frameworks in order to test the original hypothesis
- Beyond the Framework analyzes 18 successful projects and identifies the 11 common factors found in all of them
Strategic alignment is a two-way process. Overall business strategy informs project planning and in turn, project success impacts enterprise success. Strategic alignment of a project takes into account strategic focus, operational efficiency and team leadership. The extent to which a project is focused on each dimension determines the level of “strategic maturity” for a given project. Research has shown that higher levels of strategic maturity are associated with higher levels of project success.
In this Book
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Linking Project Management to Business Strategy
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Introduction
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Strategic Project Leadership Toward a Strategic Project Management Approach1
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A Theoretical Framework for Aligning Project Management with Business Strategy
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Project Strategy—The Missing Link
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Project Spirit: The Building Blocks of Inspiration
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Project Success—A Multidimensional Strategic Concept1
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A Two Way Influence between Business Strategy and Project Management1
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Why Different Projects Need Different Strategies
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Critical Success Factors for R&D Projects and the Role of Strategic Alignment
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Managing Project Risk: An Enterprise Alignment Perspective
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The Power of Strategic Focus
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Does Strategic Alignment Contribute to Business Success
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What Makes Great Strategic Projects
