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

Value Management

Approximately half of the organizations in the survey indicated that they used a process for optimizing the value of proposed project/program strategy. (Most of these organizations expressed value as a benefit over resources used.) But only a few more than half of these companies held value management workshops at strategic stages in the life of the project. All of the case study companies optimized the value of proposed project/program strategy (including business cases) as part of their processes for managing projects, but only the pharmaceutical company held value management workshops.

A quarter of the organizations in the survey indicated that they practiced value engineering on programs and projects, most of which distinguished ...