Corporate Strategy and Portfolio Management
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1 - How can an organization transfer corporate strategy into meaningful project strategy? What is the relationship between corporate strategy and project strategy?
2 - Portfolio, program, and projects; what are they, how do they differ, and what is their relationship to the corporate strategy? Why is it so important to use a PPM approach today? What are the consequences of NOT using such an approach?
3 - What is the role of a PMO (project management office) in all of this? Are there different interpretations of the term?
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Solution Summary
The expert examines corporate strategy and portfolio management. The role of a PMO in all areas are determined.
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The measurement in corporate strategy effective is in the planning implementation towards a targeted goal that renders the desired results. Thus, the corporate strategy is imperative on the means for bringing forth a proficient way that transfer ideas, innovation, and resources to the meaningful scope objective. Let's take a look at several areas in focus:
1 - How can an organization transfer corporate strategy into meaningful project strategy? What is the relationship between corporate strategy and project strategy?
The vision and mission of the organization is imperative to transferring the ideas within the corporate strategy that proposed a method in the project strategy. In transferring a corporate strategy into a plan of action, the senior level management team instills within the project charter of the vision of relevance to being implemented in the project scope. Thus, the aim is in thinking the connectivity between the relationship of corporate strategy (long-term vision and mission goals for the targeted consumer audience) to the project strategy (scope of goals and initiatives for improving the company's product brand identity). In doing so, the following is assessable to the core elements of reference:
a. Relating the corporate goals for brand dominance into a project strategy (Try and think of a particular goal based on the company's vision that can impart to a successful project strategy of ...
Education
- BA, American Intercontinental University
- MBA, American Intercontinental University
- PhD (IP), Grand Canyon University
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