Translating Corporate Strategy into Project Strategy: Realizing Corporate Strategy Through Project Management

Governance and Strategy Decisions

The creation and approval of strategy within the division is managed by a number of governance bodies made up of senior company managers. The positions of these bodies are shown in Figure 4.2. A business strategy group makes decisions on portfolio strategy, portfolio prioritization, and the overall direction of the pharmaceutical business. This group sets the framework in which project decisions are taken. There are also decision-making governance bodies for the two development areas that have the responsibility for the portfolios of products, programs, and projects of the division. Each decision-making body ensures that the zone, development areas, product, program, and project strategies are aligned with each ...