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STRATEGIC PROJECT MANAGEMENT: A BREAKTHROUGH IN STRATEGIC PLANNING |
Business and industry nowadays are rapidly emerging in complexity, size, and change. In order to keep in pace with the development, each organization needs to increase its corporate values and its sustainable competitive advantage. Thus, it will need to have a vision as a desired future goal.
To realize the vision, an organization would need to align its goal, strategy, and execution. The desired goal must be defined, specific, and in line with corporate values. Goal formulation holds an important role in formulating the “right” goal for the organization, while the strategies to achieve the goal are created in a strategic planning process. The strategies derived from a right goal will direct the execution through the right path.
In order to avoid deviation in goal achievement, disciplined and clear directed execution is a must. In the strategic level, an organization has its portfolios to prioritize and select the most appropriate execution to accomplish its formulated goal. A portfolio can be “segregated” into various programs as smaller sub-goals. Those programs are then “segregated” further into various projects.
A directed execution ensures that the projects, programs, and portfolios executed by the organization are the “right” ones, and are also executed using the “right” means. In other words: doing the right things right. It implies that the organization must at least able to manage its projects and programs well and properly.
It is common that many organizations are more focused in their projects, without viewing those projects as an integrated part of corporate programs under specific corporate portfolios. Deciding to implement Program Management in an organization is not merely choosing between Project Management and Program Management. To reach the decision, an organization must comprehend its desired goal and direction, and also be aware of its operational complexity. Therefore, the organization will be able to decide the most appropriate implementation for its nature and values.
Then what ? An organization is also required to continuously review its execution, which can be done by means of benefit management, stakeholder management, and governance process. Program Management promotes those means. Program Management offers a significant value since it enables an organization to focus more on its goals. Program Management adds to organizational competitive advantages in lights of: aligning strategy and execution; allowing complexity management of related projects; and integrating business functions which can perform together. If implemented properly, Program Management could be a media to promote the successful implementation of organization’s strategic plan.
Compiled from Prosys Expertise
Rewrite by: Maria Gracia Deita Rolano
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