Tm Ch02 Organization Strategy
Chapter 2
organization strategy and project selection
Chapter Outline
1. The Strategic Management Process: An Overview A. Four Activities of the Strategic Management Process
2. The Need for an Effective Project Portfolio Management System A. Problem 1: The Implementation Gap B. Problem 2: Organizational Politics C. Problem 3: Resource Conflicts and Multitasking
3. A Portfolio Management System A. Classification of the Project B. Nonfinancial Criteria
4. Applying a Selection Model A. Sources and Solicitation of Project Proposals B. Ranking Proposals and Selection of Projects
5. Managing the Portfolio System A. Balancing the Portfolio for Risks and Types of Projects
6. Summary
7. Key Terms
8. Review Questions
9. Exercises
10. Case: Hector Gaming Company
11. Case: Film Prioritization
12. Appendix 2.1: Request for Proposal (RFP)
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
organization strategy and project selection
Chapter Outline
1. The Strategic Management Process: An Overview A. Four Activities of the Strategic Management Process
2. The Need for an Effective Project Portfolio Management System A. Problem 1: The Implementation Gap B. Problem 2: Organizational Politics C. Problem 3: Resource Conflicts and Multitasking
3. A Portfolio Management System A. Classification of the Project B. Nonfinancial Criteria
4. Applying a Selection Model A. Sources and Solicitation of Project Proposals B. Ranking Proposals and Selection of Projects
5. Managing the Portfolio System A. Balancing the Portfolio for Risks and Types of Projects
6. Summary
7. Key Terms
8. Review Questions
9. Exercises
10. Case: Hector Gaming Company
11. Case: Film Prioritization
12. Appendix 2.1: Request for Proposal (RFP)
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