Project Management: Achieving Competitive Advantage, Fifth Edition

Summary

1. Understand how effective project management contributes to achieving strategic objectives. This chapter linked projects with corporate strategy. Projects are the building blocks of strategy because they serve as the most basic tools by which firms can implement previously formulated objectives and strategies.

2. Recognize three components of the corporate strategy model: formulation, implementation, and evaluation. The chapter explored a generic model of corporate strategic management, distinguishing between the three components of strategy formulation, strategy implementation, and strategy evaluation. Each of these components incorporates a number of subdimensions. For example, strategy formulation includes the stages of:

   • Developing a ...