Project Management

How To Develop A Systematic Approach To Prioritizing All Projects

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Executive Summary

There is a need for organizations to link their projects back to their corporate strategies and to train project sponsors to increase the likelihood that projects will survive shifting organizational priorities. Project Management Offices and project managers must understand how each project contributes to achieving corporate goals - which should be found in the strategic plan. What is their strategic alignment? With a process in place to manage change and risk, project managers are better able to cope and deal with these challenges. Similarly, training of Project Sponsors will help to bring them on side so that resources are allocated in accordance with project importance.

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