Organizations develop their business strategies along with their project management. Some companies accelerate strategic development by employing the predictive project management approach, trying to overlook and deliver the desired result. Other organizations prefer keeping their strategies adaptive to changes by using incremental project delivery. Each business should decide for itself which approach to employ. In this article I talk about how the types of business strategy are developed by predictive and adaptive project management.
It’s impossible to imagine a successfully managed small-sized organization without a well-thought-out business strategy template. Business management best practices requires you to carry out the strategic business planning process to set the strategic goals of your company and state the key direction of business activities. In this article we’ll focus on strategic business planning, review the definition, output and role of this process.
The audit of the business management environment starts with investigating the foundation of any organization – strategic planning. Business strategic planning identifies what goals the organization is supposed to achieve and determines how it should act to reach the destination. Auditing strategic planning allows the auditor to get insight into the company’s top-level goals and expectations and then compare the current status of the goals with the plans. Below we present the definition and key elements of the strategic planning process and outline a list of questions for auditing the process.
In the previous article we described two major steps for engaging key stakeholders in project implementation. Now we are going to talk on how to establish productive relationships with key stakeholders. We will focus on the key points for developing a strategy for managing stakeholders.
Effective stakeholder engagement planning is a necessary part of the project implementation process to identify the level of stakeholders’ influence on the project, state their intentions and develop a strategy for managing the overall engagement process. In this article we will talk about the key steps of stakeholder engagement planning. There are two key steps for engaging stakeholders in project implementation. Please view the descriptions of the steps below.