When leaders look at project management from a strategic viewpoint, they are better able to meet the goals and objectives of their business. Project management enables us to take a step-by-step approach to getting to the end result. Use a project management approach to:
- prioritize the initiatives we have to accomplish to meet organizational goals
- determine the scope of what we are trying to accomplish
- determine who needs to be involved in helping to accomplish the goals
- determine risks and how we will address those risks
- determine a timeline for completion of our initiative
- develop a plan to communicate with stakeholders
- determine the investment needed in reaching the goal
And, possibly even of the most importance, to engage employees (stakeholders) throughout the organization in the initiative.
Every initiative launched in an organization should be aligned to short-term or long-term strategic initiatives. Project management, when used effectively, enables for better prioritization of those initiatives to meet goals that will help to increase revenue, improve profitability, increase market share or better engage and support customers through relevant products and services. And ensures those initiatives are completed in a way that eliminates rework, ensures effective implementation of the initiative and are launched in tight timelines and with reduced budgets and limited resources.
How effectively is your organization using project management to meet strategic long-term business goals?
Thank you for your comment Mary, and for reading. I am seeing an increasing number of small businesses using project management to accomplish their work overall.
It is very important for businesses, both small and big to use a project management to establish what they have to do and what they want to accomplish. This sets everything up properly for them to reach their goals successfully.