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

Projects

To translate business strategy into project strategy most effectively, whether a project interfaces directly with business units or indirectly through portfolios and programs, there needs to be a coherent set of processes that integrate the two areas.

We examined what was proposed by the project management bodies of knowledge to see what was said about how this should be done. The result is the schematic shown in Figure 1.9, which draws on sections of PMI’s PMBOK® Guide (2000) and the APM BOK (2000). Figure 1.9 is, frankly, very project-centric (i.e., it focuses on the inputs to the project and what has to happen in the project management process). There is little of the iteration that we have seen in program and portfolio management, ...