Date Added: Jan 2009
The outcome of project failure is wasted dollars that steal investor profits and have a negative impact on the organization's bottom-line. Aligning projects with the strategic goals of the organization is critical for project success and proper return on investment. Superior business performance is dependent on good project management as well as the creation of a culture that supports projects. To this end, senior management needs to contribute more of their time and effort to sponsoring and prioritizing projects on the basis of their strategic fit. When projects are in alignment with corporate goals they will be able to meet profitability targets and generates the necessary return on investment.