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

Conclusions

In this pharmaceutical division, strategy is cascaded from corporate and business levels down through portfolios, programs, and projects. There is a clearly defined hierarchy and process to facilitate this, through which alignment and coherency of strategy are achieved. The roles of governance bodies in setting and deciding strategy in this process are very prominent and clearly defined.

Strategy has a highly emergent character to it, due to the impact of compound attrition on the portfolio. This dramatically colors the way projects are planned and decisions are made on them, for example, with regard to resourcing.

Portfolio management is, thus, a key element in the way the division manages drug development projects. The management ...