Chapter 2 Flashcards
All management levels have come to be involved with _ _ and strategic issues
strategic planning
● PM Insights and expertise help develop realistic priority plans
● PM’s can develop a high-level organizational perspective for projects
● PM involvement helps networking and communication opportunities
● PM’s gain an inter-organizational perspective for projects
Advantages of PM involvement at the organizational level
provides an organizational road map which suggests directions for sources and activities for the future
Strategic plan
When it comes to strategic plans, organizations must analyze these questions very carefully:
- Where are we now?
- Where do we want to be?
- How do we get there?
Helps self-assessment and realization; provides the foundation for formulating a realistic plan for the future
Where are we now?
Helps the organization see themselves in the next 5 or 10 years; provides criteria and guidelines to evaluate the extent to which accomplishments have been made
Where do we want to be?
Helps set success measures and outlines criteria for monitoring progress
How do we get there?
- Looks into the future and maps directions
2. It is inclusive and broad, covering internal and external entities and resources
Two important characteristics of a strategic plan
o A _ _ supports the organizational mission and is influenced by the organizational culture
o An effective _ _ is a critical success factor for the survival of the organization
strategic plan
strategic plan
- Creates uniformity across projects.
- Reduces redundancy.
- Helps prioritize projects.
- Provides a long-term perspective to assess customer needs.
- Provides criteria to measure project success.
An effective strategic plan influences PM in 5 ways
Projects, in general, are _ and _ for the implementation of a strategic plan.
tools and mechanisms
Describes the purpose for which the organization exists.
Expressed in broad terms.
Positions the organization relative to competition and within the industry.
What a Mission does
_ and _ must be clearly defined, must be measurable, and must be doable
goals and objectives
o Define what specifically needs to be done in order to accomplish the mission
o More specific and are more appropriate as measures of success
o The hierarchy of _ _ _ exist in order to define responsibilities of the management hierarchy more clearly
What goals and objectives do
Operational strategies facilitate the _ of these goals and objectives
implementation