Strategic Guidance and Tactical Flexibility

Knut Samset

Chapter 7 in Early Project Appraisal, 2010, pp 66-75 from Palgrave Macmillan

Abstract: Abstract A long-term, overriding strategic perspective for the project is set up in the front-end phase. Strategic planning is advantageous both in projects and in organizations. One of its prime goals is to attain structured and effective continuous management. The strategy shall conduce decision makers at various levels to pull in the same direction by providing a common long-term goal to keep in mind while making decisions. Research has shown that this is essential to attaining good results (Heijden 1996). A World Bank study of more than 1000 projects compared the extent and quality of pre-project studies, appraisals and design prior to project incept with whether or not they were successful. The conclusion was that 80 per cent of the well-prepared projects were successful, compared to just 35 per cent of those that were started without proper preparation (World Bank 1996).

Keywords: Project Management; Strategic Planning; Tactical Problem; World Bank Study; Strategic Guidance (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230289925_7

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