Proyect Management: Why is Organization Strategy so Important?

1764 Words4 Pages
bulb-icon

Recommended: Project management quizlet

People have been worked on projects and searched the way to manage them for long time. Project management has become a major new forms of management to settle the complex things of the organized teamwork to match the rapidly change of business environment, and it offers leaders with effective method to make a plan or organization for completing objectives. (Jurison, 1999, p.3) Perfect management could lead to projects success. Shenhar. et.al (1997) claim that project success could be bound by the triple constraints of Project Management which refers to schedule, budget and performance goals. (p.5)The three criteria are main and traditional triple constraints. Besides that, there are more factors which could affect project success. Organizational strategy also plays an important role during the project producing. To avoid project failure, this paper mainly describes what projects’ constraints are and how the careful management of the constraints may affect project success; further section indicates the significant of the integration of projects organizational strategy.

Before discussing the constraints of projects, we have to talk about the nature of projects. Jurison (1999) claim that projects must be completed by teams in a specific period of time within a given budget.(p.5) Therefore, the constraints of projects could include cost, time and performance.(Russell ,2011, p.20) Kerzner(2009)also state that a successful project management which achieve all the schedule, budget and scope goals and could be accepted by consumers.( as cited by Cuellar,2010,P.20) The three factors are the critical dimensions of project which should be paid attention in project management.

The first project constraints is time (time is often also c...

... middle of paper ...

...ans that understanding the intrinsic merits, defects, and constraints of the organization. At the same time, it is necessary to analyze what the effect of environmental and competitive on organization. (Jeston & Nelis, 2008, p.75) After this step, strategic choices should be documented. According to Treacy and Wiersma (1997), the company should consider three factors, which includes intimacy of customer, optimum cost and the best product.(as cited by Jeston & Nelis, 2008, p.76) In the next step, the impact of organization strategy on process should be determined. Based on that, then the fourth step is to establish strategic measurements. In this step, it is important to measure the progress of the strategy implement, to provide more specific objectives and to evaluate projects. The next step is complete the strategic plan.( Jeston & Nelis, 2008, p.76-p.82)

Show More
Related

  • Nationwide Insurance Competencies

    476 Words  | 1 Pages

    Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &

    Read More

  • Sarbanes-Oxley Act: Competitive Strategies In Doing Business

    1002 Words  | 3 Pages

    The strategic management process implies sequential and interrelated activities, situation analysis (scanning and evaluating the current organizational content and internal environments), strategy formulation (developing and then choosing appropriate strategies), strategy implementation (putting strategies into action), and strategy evaluation (evaluating the implementation and outcome of strategies), leading to some outcome. These interrelated activities result in a set of strategies the organization uses in doing business. To manage strategically means to analyze the current situation, develop appropriate strategies, putting those strategies into action and then evaluating and changing those strategies as needed. The three main types of

    Read More

  • Sun Microsystems Inc., Customer Focus Is Their Strategy

    1641 Words  | 4 Pages

    Strategic management is the ongoing process of ensuring a competitively superior fit between the organization and its ever-changing environment (Kreitner, G13). Strategic management serves as the competitive edge for the entire management process. It effectively blends strategic planning, implementation, and control. Organizations that are guided by a coherent strategic framework tend to execute even the smallest details of their mission in a coordinated fashion. The strategic management process includes the formulation of a strategy/strategic plans, implementation of the strategy, and strategic control. A clear statement of the organizational mission serves as the focal point for the entire planning process. People inside and outside the organization are given a general idea of why the organization exists and where it is headed. Working from the mission statement, management formulates the organization's strategy, a general explanation of how the organization's mission is to be accomplished. Then general intentions are translated into more concrete and measurable plans, policies, and budget allocations. Implementation is the most important part of the strategy. Strategic plans must be filtered down to lower levels to be success. Strategic plans can go astray, but a formal control system helps keep strategic plans on track. In the strategic management process general managers who adopt a strategic management perspective appreciate that strategic plans require updating and fine-tuning as conditions change. Given today's competitive pressures, management cannot afford to let strategic plans sit as is. A strategic orientation encourages farsightedness. Sun Microsystems Inc. is one company that developed a strategy to become the competitive leader and become the most reliable in the net business. I will explain how Sun's strategy integrates their marketing, management, technology, and service functions into one effective strategy. First I'll discuss who Sun is and what encouraged them to develop their strategy.

    Read More

  • Project Management Case Study

    821 Words  | 2 Pages

    The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the

    Read More

  • Case Study Of Reson

    1078 Words  | 3 Pages

    Project management is said to be completed within time when it completed within the “triple constraints”: cost, time and quality. And in a lot of causes, one them is sacrificed so as to meet the other two. Project managers prioritize which ones are the most important.

    Read More

  • Walgreens Strategic Management

    923 Words  | 2 Pages

    Furthermore, there are four essential phases of strategic management also illustrate its features, and the corporation always evolves different phases to deal

    Read More

  • The Affect of Project Management on Strategy and Governance

    3624 Words  | 8 Pages

    Projects are critical to the success of any organization as they involve the activities that result in new or changed products, services, environments, processes and organizations. Organizations have increasingly embraced project management as a key strategy for staying ahead in today’s highly competitive business environment.

    Read More

  • Importance Of Strategic Planning

    1193 Words  | 3 Pages

    The key role in solving strategic tasks belongs to strategic planning, which is the process of developing and maintaining strategic balance between organization’s goals and resources in the changing market environment. The purpose of the strategic planning is to determine the most promising fields of activity providing its growth and prosperity. Strategic planning is a component of a broader concept “strategic management”. All four management functions (planning, organizing, leading and controlling), when talking about strategic management include strategic orientation. When viewing strategic planning from the highest level possible within a company, the planning function is the area that stands out as the most important area which involves a great deal of development and focus.

    Read More

  • Project Management: The Importance Of Project Management

    1567 Words  | 4 Pages

    Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project managers must not only strive to meet specific scope, time, cost, and quality requirements of project, they must also facilitate the entire process to meet the needs and expectations of the people involved in or affected by project activities. It can also be defined as the discipline of initiating, planning, executing, controlling, and closing the work of the team to achieve specific goals and meet specific success criteria at specific time. Project management is all about managing people, projects and plans. Successful project managers know how vital it is to develop and follow up plans to meet project

    Read More

  • Strategic Management and Decision Making

    1872 Words  | 4 Pages

    Strategic management is a disciplined effort or control to make necessary decisions that have an effect on a business or an organization; the aim of strategic management is mainly to develop new, innovative or diverse ideas and opportunities for potential or development, and facilitates or assists an organization to achieve its goals (SM, 2010). In reality, strategic management not only can be used or applied to determine mission, vision and values or objectives, but it also establishes roles and responsibilities or timelines in a business (David, 2009). In the following sections, this study will focus on and examine the nature of strategy formulation, implementation, and evaluation activities, and analyze the potential pitfalls or risks in using a strategic-management approach to decision making.

    Read More

  • Strategic Management Reflection Paper

    1135 Words  | 3 Pages

    Additionally, understood the strategy implementation, actions made by firms that carry out the formulated strategy, including strategic controls, organizational design, and leadership. environmental

    Read More

  • The Six Steps Of Acquisition And Supply Chain Management

    1046 Words  | 3 Pages

    Strategic management is the “identification of one or more sustainable competitive advantages a firm has in the markets it serves (or intends to serve), and allocation of resources to exploit them” (Business Dictionary, 2016). In order for industries and organizations to thrive, they must have strategies in place and strategic management processes to stay competitive, profitable, attractive to stakeholders, and to sustain advantages that set them apart from other competitors (Barney & Hesterly, 2015). The strategic management process involves a set of procedures that lead to choosing a strategy that will eventually lead to competitive advantage (Barney & Hesterly, 2015). The six steps of the strategic management process involves defining

    Read More

  • Reflection Paper On Project Management

    1545 Words  | 4 Pages

    Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan

    Read More

  • Strategic Planning: The Four Steps In Strategic Management

    734 Words  | 2 Pages

    The four steps that lead managers and the firm through the strategic planning process are first defining the company’s mission, then setting objectives and goals, next designing a business portfolio and lastly developing functional plans. The first step involves focusing on consumers’ needs and wants. Setting forth a market oriented mission that organizations want to reach based on consumers of the environment. After finding the mission, organizations then proceed to put together supportive objectives for every level of management to help achieve its mission. Next the company has to design a business portfolio evaluating all of its current business and future business by coming up with

    Read More

  • What Is The Importance Of Project Management

    781 Words  | 2 Pages

    When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.

    Read More

More about Proyect Management: Why is Organization Strategy so Important?

Open Document