IT Strategic always starts with the strategic plan (no surprises there), but not all projects are going to tie to your plan in a clear way. In fact, it can be counterproductive to link certain projects to strategy. A project is strategic if it’s put in place to drive the execution of the strategy itself, if implemented correctly, brings your organization closer to achieving its key goals.
Project management plays a crucial role in enabling companies to transform business and execute strategy effectively. it is important to identify why the formal application of project management skills and knowledge should be a necessity for organisations. Here is a look at project management and all the key elements that have made it a necessity for businesses of every size, and industry. Managing any project can become a slippery slope when your organization doesn’t have a solid grasp of all the moving pieces. Project management can be a complex discipline to understand and navigate. After all, there are enough key phases, knowledge areas, and project management-specific terms to fill a glossary.
Identifying and executing high-impact, high-visibility initiatives
Building a framework that shows how the PMO or EPMO aligns with strategic enterprise objectives
Acquiring the right people, knowledge, and skills