Achieving Benefits Through Organizational Project Management
Efficient organizational project management enables companies to achieve organizational benefits through greater agility and a sharper competitive advantage in the market. To achieve this, we must first understand and know how to differentiate the concepts of organizational benefits, strategic initiatives, project management and organizational project management.
Organizational benefits are those that bring profit to the organization and are directly related to business value. Strategic initiatives are the ideas that arise from the business, are aligned to its benefits and subsequently transformed into the organization’s projects. These projects make up the company’s portfolio of priority projects that can be grouped into programs based on the grouping criteria defined by the company.
With respect to the project management and organizational project management concepts, the Project Management Institute makes a clear conceptual and structural differentiation:
- “Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.” (PMI, 2013a, p. 5).1
- “Organizational Project Management is a strategy execution framework that utilizes portfolio, program and project management as well as organizational enabling practices to
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