CORPORATE STRATEGY AND PROJECTS – MIND THE GAP
A model that links the management of individual projects to corporate strategy is used as the basis for identifying typical shortcomings in the processes that synchronize projects with corporate strategy. The processes that link projects to strategy include project screening, project portfolio design and project prioritization, as well as overall scheduling of key resources and projects. A list of typical shortcomings in practice is presented to guide organizations in improving their internal processes. The list can also serve as a basis for future case study research in industry. A project management office (PMO) as well as a person with the role of project portfolio manager can contribute significantly to managing the processes that link strategy to individual projects.
Key words: Multiple projects, strategic planning, project portfolio management, project screening, project management office.