Linking project management to business strategy

Linking project management to business strategy

Author
Aaron J Shenhar, Dragan Milosevic, Dov Dvir, Hans Thamhain
Publisher
Project Management Institute
Language
English
Year
2007
Page
246
ISBN
1-933890-33-9,978-1-933890-33-3,9781680154269,1680154265
File Type
pdf
File Size
2.4 MiB

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. 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.

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