Growth of Strategic Project Management

Growth of Strategic Project Management

• Strategic Project Management

• Benefits of Strategic Planning in Project Management

• How to Develop Strategic Project Management

What is Strategic Project Management?

defines the big picture of how the project may benefit the company's efficiency as a whole. This process combines project management methodologies, frameworks, and business strategies to drive organizational breakthroughs.

What's the Difference Between Strategic Project Management & Project Management?

Apply all of your traditional project management methodologies and frameworks to strategic project management. Also, project management teams will need to manage the broader business aspects of their projects to align and support the organizational strategy. They will no longer be concerned just about meeting the aforementioned traditional project management challenges.

Benefits of Strategic Planning in Project Management

Expanding the project management function to include strategic project management methodologies in the selection of projects allows a growing number of businesses to identify and select projects that provide the maximum value, both for them and their clients. Therefore, aligning project management and organization strategy produces significant benefits for the organization.

How to Develop: Strategic Project Management

• Simplify decision-making

• Improve priority management
• Link budgets to strategy
• Contribute to the project strategy
• Focus on organizational ambitions
• Revisit strategic progress

Simplify decision-making

With a clear strategy before you, the decision-making process becomes easier as you always have the northern star to guide your conclusions.

Improve priority management

How about starting your day with priorities in mind and not with emails? Going through emails every single morning feeds your bias to tackle and focus on urgent things instead of the important ones. Advance your strategy and your projects every day by developing a habit of starting with one important thing. Then you can go through all the emails you want.

Link budgets to strategy

Allocating the required budget is a clear signal of the company's priorities. Therefore, the overall business strategy must play a vital role in all financial decisions when it comes to every project.

Contribute to the project strategy

Most high-performing companies call on their project management offices to contribute to strategic planning. Even if you're starting as a project manager and have limited input on the strategy today, you need to educate yourself and prepare when the time comes. And it will most definitely come

• Focus on organizational ambitions

People want to be recognized and admired for their work, and that is the same in any branch, including project management. However, some managers often seek personal glory and recognition at the cost of business outcomes. Maintain a close look at what your company needs and resist the urge to focus solely on the challenges and issues that affect you personally.

Revisit strategic progress

Some businesses consider creating the strategy as nothing more than an annual thought exercise - they focus much energy and invest countless hours into developing strategic documents. However, there's a great danger of all that effort going to waste unless you and your project management team aren't constantly measuring progress and revisiting the strategy as needed. Measuring progress on your strategies should be as easy as adding an agenda item to your weekly meetings.