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ALIGNING

PROJECTS WITH
ORGANIZATIONAL
STRATEGY
Name – Poojith Kumar T P

Batch – Oct 2021 MBA

Subject – Project management

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• Organizational strategy in project management

AGENDA •


Importance

Criteria for selecting projects

• Framework tools

• How to align project management with organizational


strategy

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INTRODUCTION
Effective project management is a complex
process that involves multiple decision-makers,
timelines, and agendas. As such, aligning your
project management processes with your
organizational strategy is essential for
promoting consistent and efficient project
progress and success.

Organizational strategy refers to the decision-


making frameworks, company goals, and action
plans identified by company leadership to
direct and guide your organization’s time,
efforts, and resources.

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IMPORTANCE CRITERIA
As businesses continue to compete with each • Opportunity costs
other and define themselves in their industries,
project alignment can be used to ensure that • Benefit-cost analysis
everything a business does is for a specific
purpose.
• Payback period
Facing the near-constant scrutiny enabled by
digital technology, businesses wishing to be seen
• Non-Financial considerations
as having a clear mission should analyze the
extent to which their various departments are • Economic Model
aligned with organizational strategy. EPMOs can
help organizations ensure alignment
between project management and organizational
strategy and, therefore, improve their financial
performance and company image.

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FRAMEWORK TOOLS

SWOT Analysis COMPARISON POINT 2

• A SWOT analysis (or SWOT matrix) is a high-level model Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut
used at the beginning of an organization’s strategic gravida eros erat. Proin a tellus sed risus lobortis sagittis eu
quis est. Duis ut aliquam nisi. Suspendisse vehicula mi
planning. It is an acronym for “strengths, weaknesses, diam, sit amet lacinia massa sodales ac. Fusce
opportunities, and threats.” Strengths and weaknesses condimentum egestas nunc a maximus.Quisque et orci
are considered internal factors, and opportunities and purus. Proin dolor mi, ultrices sit amet ipsum placerat,
threats are considered external factors. congue mattis turpis. Donec vestibulum eros eget mauris
dignissim, ut ultricies dolor viverra. Phasellus efficitur ante
• Using a SWOT analysis as part of your strategic nec sem convallis, in ornare est accumsan.
business model helps an organization identify where
they’re doing well and in what areas they can improve.

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PEST Model

• PEST is also an acronym - it stands for “political,


economic, sociocultural, and technological.” Each
of these factors is used to look at an industry or
business environment, and determine what could
affect an organization’s health. The PEST model is
often used in conjunction with the external factors
of a SWOT analysis. The PEST model comes with a
few extra letters added on. For example, PESTEL
(or PESTLE) indicates an organization is also
considering “environmental” and “legal” factors.

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GAP Planning

• Gap planning is also referred to as a “Need-Gap


Analysis,” “Need Assessment,” or “the Strategic-
Planning Gap.” It is used to compare where an
organization is now, where it wants to be, and
how to bridge the gap between. It is primarily
used to identify specific internal deficiencies.

• In your gap planning research, you may also hear


about a “change agenda” or “shift chart.” These
are similar to gap planning, as they both take into
consideration the difference between where you
are now and where you want to be along various
axes. From there, your planning process is about
how to ‘close the gap.’

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How to align ??
LARGE IMAGE SLIDE
•Understand the organizational strategy − Having a firm grasp on the organization's overall strategy—its vision, mission,
goals, and objectives—is essential for any project manager. This will aid them in coordinating the project's objectives with
the business's overarching goals.

•Define clear project goals − Clearly define the project's objectives and ensure they align with the overall business strategy.

•Develop a project plan − A project plan outlining the project's goals, timeline, and budget should be crafted. To make sure
the project is helping the organization reach its overarching objectives, this strategy should be reflected in the plan.

•Establish project governance − To guarantee that the project is being managed efficiently and effectively, a governance
structure should be put in place. Establishing processes and procedures for managing projects falls under this category.

•Monitor and control the project − To keep the project on track and in line with organizational strategy, it must be closely
monitored and controlled. This entails keeping tabs on the development, finding and eliminating threats, and adjusting the
project plan as needed.

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Name – Poojith Kumar T P

Batch – Oct 2021 MBA

ALPINE SKI HOUSE


Subject – Project management

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