Translating Corporate Strategy into Project Strategy: Realizing Corporate Strategy Through Project Management

Developing Corporate Strategy

Corporate strategy is created as a means of considering and articulating how an organization’s corporate goals and objectives will be pursued and achieved. This strategy typically cascades through strategic business units (SBUs), then ends up being represented as collections—or portfolios—of programs or projects. These become the vehicles for implementing the approved strategic initiatives. (This will become more evident in the case studies; more precise definitions of portfolio and program will also be given.)

Various processes are employed for effecting this translation. Highly structured business management models are used by some organizations; these models identify the major value delivery processes and/or ...