THE PROCESS FOR ALIGNING PROJECT MANAGEMENT AND BUSINESS STRATEGY: AN EMPIRICAL STUDY

Sabin Srivannaboon and Dragan Z. Milosevic
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Sabin Srivannaboon: Portland State University, USA
Dragan Z. Milosevic: Portland State University, USA

Chapter 16 in Challenges in the Management of New Technologies, 2007, pp 227-240 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis study focuses on the process for aligning project management with business strategy. We conducted a case study research with a total of 9 projects in 7 organizations across industries, leading to a theoretical framework for such the alignment process. We found that there are processes at the strategic level to interpret the business strategy into the context of project management. These processes include strategic planning and project portfolio management. A project is then selected into the project portfolio to fulfill business needs, and it is executed through a project life cycle process. As the project progresses, a stage gate is a major mechanism to ensure the quality of the alignment throughout its life cycle.

Keywords: Management of Technology; Innovation Process; Knowledge Management; Cross-Border Collaboration; Interdisciplinary Collaboration; Indicators for Measuring Innovation; Business in High-Tech Industry; Sustainability; Social Aspects of Technology Management (search for similar items in EconPapers)
Date: 2007
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