Projects are the engines that drive innovation from idea to commercialization. In fact, the number of projects in most organizations today is expanding while operations is shrinking. Yet, since many companies still focus on operational excellence and efficiency, most projects fail—largely because conventional project management concepts cannot adapt to a dynamic business environment. Moreover, top managers neglect their company's project activity, and line managers treat all their projects alike—as part of operations. Based on an unprecedented study of more than 600 projects in a variety of businesses and organizations around the globe, Reinventing Project Management provides a new and highly adaptive model for planning and managing projects to achieve superior business results.

Reinventing Project Management: The Diamond Approach to Successful Growth & Innovation

Business & Money

Shenhar, Aaron J.

Dvir, Dov

Management & Leadership

Harvard Business Review Press

In Linking Project Management to Business Strategy, researchers were guided by the hypothesis: If projects are successful in aligning their efforts with the business strategy, they will better contribute to the long-term goals of the organization. Strategic alignment is a two-way process. Overall business strategy informs project planning and in turn, project success impacts enterprise success. Strategic alignment of a project takes into account strategic focus, operational efficiency and team leadership. The extent to which a project is focused on each dimension determines the level of “strategic maturity” for a given project. Research has shown that higher levels of strategic maturity are associated with higher levels of project success.

Linking Project Management to Business Strategy

Shenhar PhD, Aaron J.

Milošević, Dragan

Thamhain, Hans

Project Management Institute

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