project management
Table of Contents
I/ PART A ................................................................................................................................2
1.
Table of Contents 1
I/ PART A 2
Executive summary 2
II/ PART B ...............................................................................................................................9
III/ REFERENCES....................................................................................................................11
I/ PART A
Executive summary
In the recent economic environment nowadays, the concept of project management and strategic objectives have been regarded as two of the most influential factors on organizational performance from the perspective of strategic planning. The influence of strategic objective on project performance has received high recognition from the public. The majority of literature on project management stresses the importance of strategic objectives in achieving project objectives (Munns & Bjeirmi, 1996). Furthermore, it has been suggested that there is a close relationship between the two variables which strongly affects organizational performance in the long run. Thus, this paper aims at discussing the question “Why organizations are using Project Management to achieve their strategic objectives”.
First of all, the paper will focus on the purpose of strategic objectives within an organization from the concept of strategic management, strategic objectives and finally, it purposes. It is suggested that making more profits via improving the effectiveness and efficiencies and reducing or even eliminating any possible errors. Additionally, the formation of strategic objectives is also referred to basing on the SMART model.
In the second section, the intent of project management is also examined in context which includes 6 main purposes namely (1) defining work’s requirements, (2) establishing work’s extent, (3) distributing necessary resources used in the
I/ PART A ................................................................................................................................2
1.
Table of Contents 1
I/ PART A 2
Executive summary 2
II/ PART B ...............................................................................................................................9
III/ REFERENCES....................................................................................................................11
I/ PART A
Executive summary
In the recent economic environment nowadays, the concept of project management and strategic objectives have been regarded as two of the most influential factors on organizational performance from the perspective of strategic planning. The influence of strategic objective on project performance has received high recognition from the public. The majority of literature on project management stresses the importance of strategic objectives in achieving project objectives (Munns & Bjeirmi, 1996). Furthermore, it has been suggested that there is a close relationship between the two variables which strongly affects organizational performance in the long run. Thus, this paper aims at discussing the question “Why organizations are using Project Management to achieve their strategic objectives”.
First of all, the paper will focus on the purpose of strategic objectives within an organization from the concept of strategic management, strategic objectives and finally, it purposes. It is suggested that making more profits via improving the effectiveness and efficiencies and reducing or even eliminating any possible errors. Additionally, the formation of strategic objectives is also referred to basing on the SMART model.
In the second section, the intent of project management is also examined in context which includes 6 main purposes namely (1) defining work’s requirements, (2) establishing work’s extent, (3) distributing necessary resources used in the
References: 1. Arnoldo, C. and Nicolas, S. (1986). Strategy and strategy formation process. Sloan School of management. 2. Johnson, G., Scholes, K. and Whittington, R. (2008) Exploring Corporate Strategy: Text and Case. 8th ed. England: Prentice Hall. 3. Jung, L. A. (2007). Writing SMART objectives and strategies that fit the routine. TEACHING Exceptional Children, 39(4), pp. 54-58. 4. Kohli, U. (2008). Project management handbook. Tata McGraw-Hill: USA. 5. Munns, A. K. & Bjeirmi, B. F. (1996). The role of project management in achieving project success. International Journal of Project Management, 14(2), pp. 81-87. 6. Rumelt, R. P., Schendel, D. & Teece, D. J. (1991) Strategic Management and Economics. Strategic Management Journal, 12(1991), pp. 5-29.