hector gaming company case study
Chapter 2
Organization Strategy AND Project SELECTION
Chapter Outline
1. The strategic management process: An overview
2. Why project managers need to understand organization strategy
3. Four activities of the strategic management process
4. The need for an effective project portfolio management system
Problem 1: The Implementation gap
Problem 2: Organizational politics
Problem 3: Resource conflicts and multitasking
5. A portfolio management system
A. Classification of the project
B. Selection criteria
C. Non-financial criteria
6. Applying a selection model
7. Sources and solicitation of project proposals
8. Ranking proposals and selection of projects
A. Managing the portfolio System
B. Balancing the portfolio for risks and types of projects
9. Summary
10. Key terms
11. Review questions
12. Case: Hector Gaming Company
13. Case: Film Prioritization
Chapter Objectives
To identify the significant role projects contribute to the strategic direction of the organization
To stress the importance of establishing project priorities and top management support
To describe the linkages of strategies and projects
To write a set of hierarchical objectives for an organization
To describe a scheme for prioritizing projects that ensures top management involvement and minimizes conflicts
To apply an objective priority system to project selection
Review Questions
1. Describe the major components of the strategic management process.
The strategic management process involves assessing what we are, what we want to become, and how we are going to get there. The major generic components of the process include the following:
A. defining the mission of the organization
B. analysis of the external and internal environments
C. setting objectives
D. formulating strategies to reach objectives
E. implementing strategies through projects
2. Explain the role projects play in the strategic management process.
Strategy is
Organization Strategy AND Project SELECTION
Chapter Outline
1. The strategic management process: An overview
2. Why project managers need to understand organization strategy
3. Four activities of the strategic management process
4. The need for an effective project portfolio management system
Problem 1: The Implementation gap
Problem 2: Organizational politics
Problem 3: Resource conflicts and multitasking
5. A portfolio management system
A. Classification of the project
B. Selection criteria
C. Non-financial criteria
6. Applying a selection model
7. Sources and solicitation of project proposals
8. Ranking proposals and selection of projects
A. Managing the portfolio System
B. Balancing the portfolio for risks and types of projects
9. Summary
10. Key terms
11. Review questions
12. Case: Hector Gaming Company
13. Case: Film Prioritization
Chapter Objectives
To identify the significant role projects contribute to the strategic direction of the organization
To stress the importance of establishing project priorities and top management support
To describe the linkages of strategies and projects
To write a set of hierarchical objectives for an organization
To describe a scheme for prioritizing projects that ensures top management involvement and minimizes conflicts
To apply an objective priority system to project selection
Review Questions
1. Describe the major components of the strategic management process.
The strategic management process involves assessing what we are, what we want to become, and how we are going to get there. The major generic components of the process include the following:
A. defining the mission of the organization
B. analysis of the external and internal environments
C. setting objectives
D. formulating strategies to reach objectives
E. implementing strategies through projects
2. Explain the role projects play in the strategic management process.
Strategy is