Study sets, textbooks, questions
Upgrade to remove ads
Strategic Alignment and Benefits Realization
Terms in this set (14)
Strategic leadership sets the project direction and creates a plan based on business strategy.
What are the characteristics of strategic project leadership?
- Being able to create meaning
-Engaging all stakeholders
-Solving problems well
-motivating and inspiring others
You need to manage stakeholder expectations in order to make sure they're satisfied.
- Addressing concerns and fixing problems immediately
- Providing regular reports on deliverables, changes, and the fulfillment of strategic objectives
- Checking in with stakeholders often
- Identifying stakeholder expectations
A benefit analysis checks projected results usage, and benefits to see if they have been achieved.
What are the activities involved in a project benefit analysis?
- Identifying the expected benefits
-identifying the value of intangible benefits
- Identifying beneficiaries
- Identifying the value of tangible benefits
The print quality on the outsourced shirts will be lower than the in-house shirts, which may require you to renegotiate costs around the product.
Due to the failure of the printing equipment, the company must negotiate the costs of completing the order with another company, while absorbing the cost associated with outsourcing the remaining shirts.
The project will need to be outsourced to a company that will deliver a slightly inferior product in order to meet the deadline
The completion of projects allows a company to realize its mission or vision.
What are the elements of a project's strategic framework?
-Strategic focus of projects
Project charters are created by a number of stakeholders.
Which stakeholders are involved in the creation and communication of the project charter?
provides technique for understanding internal strengths and weaknesses, identifying external factors that pinpoint opportunities, and identifying possible threats.
Porter's Five Forces
Looks at the factors affecting the business within its industry and market
helps business people and project managers identify changes in the external environment
Market changes, government regulations, and technological or strategic shifts within a company may result in necessary changes to a project.
Which actions help to achieve and maintain strategic alignment?
- Auditing executive management
- Auditing project management.
-Formalizing issuance, acceptance, and implementation of processes, systems, and plans
-Monitoring project performance
Business strategy is the management of the various parts of a business to achieve the organization's goals and objectives.
Arrange the elements of the business strategy hierarchy in the correct order
Balanced scorecards and strategy maps are tools used to create strategic alignment.
How are balanced scorecards and strategy maps used to communicate strategic alignment to stakeholders?
- Determine how activities impact each other
- Display critical objectives for processes
- identify gaps and offer solution to close them.
Sets found in the same folder
Project Requirements & Defining Scope
Creating the work break down structure
Process Group and Knowledge Area Interactions
Integrated Initiation and Planning
Sets with similar terms
Chapter 5 Strategic and Operational Planning
MIE 330 Topic 2
HR chapter 3
Other sets by this creator
Tracking, Managing, and Sharing Projects in Projec…
Managing Resources and Views in Project 2016
Working with Tasks, Relationships, Constraints, an…
Getting Started with Project 2016
Other Quizlet sets
Histology Exam 2
Repro pathphys final
Section Four: GEO 201
The size of a hospitality property has an impact on its physical plan management strategy.
What standard of data and system quality should we demand to protect individual rights and safety of society
For most of humankind's history, people have commuted to and from their place of work.
When workers are spread throughout a variety of locations, a narrow span of management is likely best.