Project Strategy, Leadership and Governance Coursework

Project Strategy, Leadership and Governance - Coursework Example ject’s overall strategy, for instance the care with which the team is staffed, and the goals set for the project is both very critical (Jovanović et al. 2012). In a similar manner, the organization’s policies, culture, structure, and operating systems can work effectively to promote and support project management or perhaps work against the capability to effectively run projects. An effective project management requires that before it is started, the manager and the team have a responsibility of understanding the structure of the organization as it pertains to the tasks and project. For most organizations, projects and project management are not the operating norm, but rather projects exist outside of the formal, process-oriented activities related to many organizations (Kaleshovska 2014). As a result, many organizations are simply not structured to allow for the effective completion of the projects in conjunction with the ongoing corporate activities. This report w ill attempt to evaluate whether project management is used in strategic context, and then show how this application is achieved. Further, this report will evaluate how excellent project management can promote competitive advantage. Strategic project management provides a practical and step-by-step approach to guiding the organization and mangers on how to turn the projects to gain a competitive advantage. Instead of focusing how the job will be done, a strategic project management focuses on creating a competitive advantage for the organization and winning on the market (Dulipovici & Robey 2013). The framework of strategic project management encompasses five planning assets as well as seven principles for implementation, which can be utilized by organizations and managers during the time of project planning and execution. A project is referred to us as a temporary process and organization projected to achieve certain goals under the constraints of budget, time, and other resources. In most cases,