What is your opinion about the interaction between Project Management and Strategic Management ?
Edwin FerrerVP Professional Development| PMIOVOCMontréal, Quebec, Canada
Strategic Management as the management of an organization''s resources in order to achieve its goals and objectives. Which involves setting objectives, analyzing the competitive environment, analyzing the internal organization, evaluating strategies, and making sure that the strategies are rolled out across the organization.
How Project Management is related to strategic Management in organizations? What is your experience? What literature do you know about it?
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Projects are the final tools to implement strategies. Usually there are layers between the two. For example, strategies can be decomposed into tactics which can then be implemented as programs. Your projects would then belong to a particular program. You should be able to trace your project back to a specific organizational objective. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Fully agree with @Stephane. Trying to add something to his comment project objectives have to be defined from organizational objectives because the project is started to put the strategy into action. That is the best way to be sure your project is aligned to the strategy. But you have to be careful and not confuse project objectives with product objectives. Mainly because project objectives is the measure to decide if the project is successful or not. Saving Changes...
Andre RouxSenior Project Manager| SMSWEBDurbanville, Western Cape, South Africa
Strategic management defines the "WHERE do we need to go" part of the question, while project management handles the "HOW do we get there" part. Assuming of course that the project objectives are aligned to the strategic objectives. Saving Changes...
Jean Bosco RwagajuCorporate Attorney| BusinessParis, Île-de-France, FRA, France
The strategic management creates a vision. The project management understands it and turns it into actions. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Great comment @Andre. In the middle you have the business analyst that will help the organization to define WHAT to do. Sometimes business analyst work on helping the organization in defining WHERE. Saving Changes...
Strategic management revolves around overarching procedures for making sure the business is continuously managed properly. These procedures involve managing the budget, developing timelines in reaching business objectives and assigning responsibilities to team members for reaching the business's mission.
Project management involves procedures to roll out a final product or project, such as assigning team members to develop, create and complete the product; keeping the project within budget; and reaching the main objective of providing a quality product to customers.
