Relationship and Interaction between Project Management and Business Strategy

Irena Slavova ()
Additional contact information
Irena Slavova: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2011, issue 1, 243-276

Abstract: The study explores the relationship and interaction between project management and business strategy of the organization. Based on a research among the scientific and applied developments in this area, this paper clarifies the nature of the bilateral influence between project management and business strategy. The question is how project management can be consistent with the strategic requirements that the organization has identified and the opposite impact that projects under implementation may have taken on business strategy.The study focuses on the detailed process to achieve an alignment between project management and business strategy, including strategic planning, project portfolio management and project life cycle management. A ground is given on the crucial role of managing a portfolio of projects as a mediating process for the alignment between project management and business strategy of organization. Emphasis is placed on the use of strategic tools in the management of portfolio of projects: a strategic approach to selecting projects, different stages in the process of assessing projects and their prioritization, as well as performing periodic evaluation of the correlation between management of the portfolio of projects and business strategy of organization.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://research.unwe.bg/uploads/ResearchPapers/Res ... _No6_I%20Slavova.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2011:i:1:p:243-276

Access Statistics for this article

More articles in Nauchni trudove from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().