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

Corporate, Business Unit and Project Environments

Figure 5.1 shows that the strategic business units, capital investment plans (CIPs), business governance, project governance, and major and minor projects are all set within the environment of the corporate OGSMs and that each level determines—in descending order—that of the next.

Figure 5.2 demonstrates the cascade of OGSMs—through a number of business levels and projects and programs down to the individual level—via the asset management (AM) process (see below for a description of AM) and shows that the OGSMs are incorporated in the business plans at the various levels.

Figure 5.2. OGSMs, business plan, and project plan frameworks

[View full size image]

Figure 5.1 indicates that the OGSMs ...