Aligning Project Management with Organizational Strategy

May 11th, 2008 · 1 Comment

It is a paradigm shift for some people and it is a life challenging reminder for me. It reminds me to continue work for the desire outcome in my strategies.

Unexpectedly, this course is quite similar with Strategic Profit in some ways. The concept of Organizational Strategy approaches and techniques are very similar. Portfolio strategic management and Project alignment with strategies as well.

Organizational strategy is where the strategy fits. This is where we are establishing Vision, Mission, Objectives, Strategy and Tactics. The strategy requires a lot of attention for implementation and tracking. Without any risk analysis and performance management, it just cannot develop into a mature organization. Important considerations for strategy development effectively are the 5 C’s - Credit Card, Cash, Car, Condominium, and Country club. To make sure you are on track, the 5 C’s should be

Culture - what if culture resists change? think about it!
Competition - what if people copy your ideas?
Change - it is always constant, doesn’t method you like it or not.
Constrains - so much you can do!
Customer - we are talking about real business here.

All the above is not going to be profitable if we do not have strategical portfolio management to check and balance the BIG ideas (strategy). This is the mechanism to ensure our investment is making profit or loss, it is a crucial approach.

We also require project management to align with the BIG ideas so that we can re balancing the Portfolio, in summary, just do the project on time and on budget. In the project not forgetting organizational strategy.

This course is conducted by ESI, Howard Vaughan (highly recommended). Excellent speaker and he provides great content with his many years of working experiences in the marketplace. Thank you Howard for the book “The Project Manager’s MBA” as a gift.