Lesson 2: Aligning Project Plans with Corporate Strategy

Introduction

Corporate strategy is a statement that delineates the organization's overall goals and objectives and the action plans to pursue and achieve those objectives. The implementation of a corporate strategy is accomplished through projects. Hence, it is imperative that all project plans formulated to meet project goals are well-aligned with an organization's corporate strategy. In a project environment all project planning is part of the larger umbrella process called project strategy. Therefore, linking project strategy to corporate strategy ensures that project plans are not in conflict with corporate goals and objectives.

Objectives

By the end of this lesson, you should be able to:

• Outline the relationship between corporate and project strategies.
• Explain the importance of linking project strategy and project plans with corporate strategy.
• Describe the process of creating a project strategy from corporate strategy.