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

Creating and Translating Corporate and Business Strategy into Project Strategy

The company creates and translates its strategy from the corporate to project level by means of a hierarchy of processes: these are contained within the overall plan the business process and are outlined in Figure 2.2. Corporate strategy, within the company, is a portfolio of integrated business strategies that will deliver corporate intent and are consistent with the financial constraints facing the company. The process by which this is achieved is create corporate strategy, one of eight top-level processes of the plan the business process. The process operates at two levels: the development and agreement of a corporate strategy plan (CSP) by the Board and engaging ...