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strategic planning

strategic planning

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Published by: api-19499112 on Nov 22, 2009
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Strategic Planning for Excellence in Project
Management
SUBMITTEDTO:
Dr. Tariq Majeed
SUBMITTED BY:
Muhammad ALi
Roll No.
15
DATED: 21-11-2008

Department of Electrical
Pakistan Institute of Engineering & Applied Sciences
Nilore Islamabad.

Acknowledgement

I express gratitude and praise to Allah Almighty, the creator of the beautiful universe, Great respect for Holy Prophet Hazrat Muhammad (PBUH) who is our path finder.

I am greatly thankful to Dr. Tariq Majeed who provided me with the chance to work on such an interesting term project. His constructive suggestions, especially in report writing, and friendly attitude encouraged me to work in a better manner.

In the end I would like to thank my parents whom kind prayers and care have
facilitated me to achieve all the success in my life. May they always with me

Muhammad Ali
PIEAS Nilore, Islamabad
Nov 14th, 2007

ii
Table of Contents
1. Introduction................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2. What is General Strategic Planning....................... 2
2.1. Formulation Process.................................................................................................. 2
2.1.1. Formulation................................................................................................ . . . . . . . 2
2.2. Translation and Implementation of Formulated Plan............................................... 3
3. Strategic Planning for Project Management.......... 3
3.1. Implementation of Methodology.............................................................................. 3
4. Identifying Strategic Resources............................. 5

4.1. Tangible Resources................................................................................................... 5
4.2. Human Resources............................................................................. . . . . . . . . . . . . . . . . . . . . . . . . 6
4.3. Nonhuman Resources....................................................................... . . . . . . . . . . . . . . . . . . . . . . . . 7
4.4. Organizational Resources......................................................................................... 7
4.5. Financial Resources.................................................................................................. 8
4.6. Intangible Resources................................................................................................. 8
4.7. Social Responsibility................................................................................................ 8
4.8. Why does Strategic Planning for Project Management Fails?.................................. 9
4.8.1. Lack of CEO Endorsement................................................................................ 9
4.8.2. Failure to Reexamine......................................................................................... 9
4.8.3. Being blinded by success:...................................................................... . . . . . . . . . . . 9
4.8.4. Over responsiveness to information................................................................. . 9
4.8.5. Failure of organizational acceptance.................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
4.8.6. Failure to keep the methodology simple.......................................................... 10
4.8.7. Blaming failures on the methodology.............................................................. 10
4.8.8. Failure to prioritize.............................................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

4.8.9. Rapid Acquisitions.................................................................................. . . . . . . . 10
5. Critical Success Factor for Project Management. 11

5.1. Influence of Economical Conditions........................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
5.1.1. Historical Basis................................................................................................ 11
5.2. Strategic Factors in Achieving Excellence............................................................. 11
5.2.1. Qualitative factors................................................................................. . . . . . . . . . . . 12
5.2.2. Organizational Factors....................................................................... . . . . . . . . . . . . . . 12
5.2.2.1. Conclusion................................................................................................ 13
5.2.3. Quantitative Factors........................................................................... . . . . . . . . . . . . . . 13

6. Project Management Maturity Model.................. 14
6.1. The Foundation for Excellence................................................................... . . . . . . . . . . . 14
iii

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