Determining Strategic Direction for Projects: Seminar Paper

Abstract

Projects management has grown significantly in recent years and is showing needs for strategic management efficiencies. Loosing strategic direction for projects causes resource allocation problems. The complexity of projects’ interdependence and the attached uncertainties are generating new project management challenges. Therefore, the aim of this paper is to determining strategic direction for projects. A literature review has enabled to achieve the aim  of this paper. The study conclude that The process of determining strategic direction typically begins with a survey of opportunities and threats in the external environment, including the extent of change, uncertainty, and availability of resources. Goals and strategy are not fixed or taken for granted. Top and mid-level managers must select goals for their respective units, and the ability to make these choices largely determines the success of the company.