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

Plan solution: Moving business strategy into programs and projects

Once a letter-of-intent is approved (which reflects the strategy for the program or project), a business case for the project is developed using the plan solution stage of the project management process, as outlined in Figure 3.6. The business case is the key deliverable of the stage. Developing a business case, in many companies, is one of the most critical activities leading to the approval of a project. How well a potential project fits with the strategy of the business is a critical factor in determining its selection. How the business case is assembled, and the degree to which it reflects business strategy, usually influences the outcome of the approval process.

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