Project or Strategic Manager?

The requirement to ensure alignment between projects and strategy has become almost a prerequisite for long-term success. Sometimes projects are proposed that do not align with the company’s goals but because someone has a personal interest or is in the interest of a key stakeholder's or sponsors department. In that case, a PM should atleast raise the question of how the project fits in with the company’s strategic goals but I would say before you raise the question, you should have a thorough knowledge of company short- and long-term objectives.

Undoubtedly. Especially from the perspective of Organizational Project Management. If the project has been taken on for the purpose of delivering on objectives that are internal to the organization, then the PM inevitably becomes the highly visible and implicitly responsible individual for delivering on the strategic objectives required therein.