Characteristics of Strategic Projects
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What are the three major characteristics of strategic projects in Project Management? Please provide your reasoning.
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Solution Summary
This solution discusses the three characteristics of strategic projects in project management. The characteristics described includes: cover an appropriate time to complete, defines where the organiyation is going, includes external factors, and undergoes scenario analysis. The explanation is provided in 277 words. 3 references are provided.
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In an article by Switchpoint, strategic plans and projects have the following characteristics:
- Cover an appropriate time to completion which is usually 18 to 36 months)
- Defines where the organization is going so it considers the past but its focus is on the future.
- Includes external factors such as competition and market trends.
- Undergoes scenario analysis because it ...
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