The PMBOK Refresher

Organizational Strategy and its Relationship with Project Management

Copyright © 2017 by Tomislav N. Krnich

To see an answer, click or touch its question:

  1. What are portfolio, program, and project management aligned with or driven by?
    • Organizational strategies.
  2. In which basic way do portfolio, program, and project management differ from each other?
    • In the way each contributes to achieving an organization’s strategic goals.
  3. How does portfolio management get aligned with organizational strategies?
    • It must select the right programs or projects, prioritize the work, and provide the needed resources.
  4. How does program management get aligned with organizational strategies?
    • It must harmonize its projects, program controls, and controls interdependencies to produce specific benefits [that support the strategy].
  5. Describe the flow of strategies from the organizational level, to the portfolio and program level, to the project level.
    1. Organizational management develops strategies,
    2. portfolio and program management convert strategies into objectives, and
    3. project management converts objectives into project plans and implements them.
  6. How does OPM advance management’s capabilities at the organizational level?
    • By linking portfolio, program, and project management principles and practices with organizational enablers to support strategic goals.

 

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