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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Strategy?
What is Project Strategy?  

What is Project Strategy?



 
 

Project Strategy is a high-level long-term plan for a project to explain what methods to use in achieving project goals and objectives within a challenging environment. Such a plan specifies the general direction and scope of the project and defines a long-term way to meet business needs and fulfill stakeholder expectations. Project strategy aims to determine and implement configuration of project resources for their most efficient and effective use. 

An organization involved in project management needs to align strategic business planning with project planning. Project strategy is a tool that helps link a business strategy to project goals and objectives. It ensures that different projects performed within the same company satisfy common business needs and provide a result that generates business benefits. 

In general, project strategy is about:

  • Achieving business goals through managing projects
  • Defining what kinds of activities are involved in projects
  • Configuring internal/external resources (skills, assets, funds, labor, technical competence, facilities)
  • Identifying environmental factors that affect project activities
  • Declaring values and expectations of project stakeholders.

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