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

Moving Business Strategy Through Portfolios, Programs, and Projects

Turner and Simister (2000) points out that the majority of projects take place as part of a portfolio of several projects. Program management is the way of coordinating projects that have a shared business aim (Thiry 2004). Both portfolio management and program management focus on prioritizing resources and optimizing the business benefit (Kerzner 2000). Portfolio management tends to be about the selection and prioritization of projects or programs (Archer and Ghasemzadeh 1999). Program management is about the day-to-day management of programs (variously defined for example as products, platforms, brands, or multiple projects) to deliver business value (Office of Government ...