Why is alignment of project management with business planning a natural formula for success?
We all have heard that the goal of successful project management is to have our projects come in on time, within budget and at the intended scope. These three objectives are expected to be met and also include that we deliver our project to meet the customer’s expectations. Business planning provides a systematic way to accomplish the objectives of the organization. Business planning involves determining our deliverables and providing a roadmap to take us from our current position to a desired level of success. Here are some parallels between the two: Strategic Planning Process Project Management Process Short and Long Term Fix Length Organization Direction Plan to Get to the Direction Mission Budget Values Resource Assignment Prioritize Projects Scope Definitions Governance Risk Management Capital Scheduling What is the value of project management tools and processes in the development and management of strategic objectives? There are many areas where project management can assist in
