IDEAS home Printed from https://ideas.repec.org/a/nwe/natrud/y2011i1p243-276.html
   My bibliography  Save this article

Relationship and Interaction between Project Management and Business Strategy

Author

Listed:
  • Irena Slavova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The study explores the relationship and interaction between project management and business strategy of the organization. Based on a research among the scientific and applied developments in this area, this paper clarifies the nature of the bilateral influence between project management and business strategy. The question is how project management can be consistent with the strategic requirements that the organization has identified and the opposite impact that projects under implementation may have taken on business strategy.The study focuses on the detailed process to achieve an alignment between project management and business strategy, including strategic planning, project portfolio management and project life cycle management. A ground is given on the crucial role of managing a portfolio of projects as a mediating process for the alignment between project management and business strategy of organization. Emphasis is placed on the use of strategic tools in the management of portfolio of projects: a strategic approach to selecting projects, different stages in the process of assessing projects and their prioritization, as well as performing periodic evaluation of the correlation between management of the portfolio of projects and business strategy of organization.

Suggested Citation

  • Irena Slavova, 2011. "Relationship and Interaction between Project Management and Business Strategy," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 243-276, May.
    • Handle: RePEc:nwe:natrud:y:2011:i:1:p:243-276
    as

    Download full text from publisher

    File URL: http://research.unwe.bg/uploads/ResearchPapers/Research%20Papers_vol1_2011_No6_I%20Slavova.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:natrud:y:2011:i:1:p:243-276. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.