2.3 Creating Project Strategy from Corporate Strategy

Transitioning from corporate to project strategy most effectively requires that a set of coherent project management processes are in place in order to achieve their seamless integration with the strategic management processes. A schematic representation of the transition from a business or corporate strategy to a project strategy is shown in Figure 2.2 below. As this figure shows, the transition from corporate to project strategy has two stages and each includes a number of critical project management activities or processes. The two stages and their various elements are (Jamieson and Morris, 2004):

Stage 1: Translating Business Strategies

1. Project definition
2. Project Scope management
3. Requirements management
4. Strategic framework

Stage 2: Creating Project Strategy

1. Project management planning and integration process
2. Project plans development process
3. Generic project management knowledge and competencies
4. Elements of project strategy

Figure 2.2 Transitioning from Corporate Strategy to Project Strategy
Project Management Institute, Translating Corporate Strategy into Project Strategy , Project Management Institute, Inc., 2004. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI.