Title: Class Outline 5
Course: KVCC BUS208 > Section: Class Outlines

1.      Organization Strategy Introduction

2.      Why project managers need to understand strategy

a.      Quote page 26

b.      Make appropriate permissions

c.      Become effective project advocates

3.      Strategic management process

a.      Questions asked

a.      What we are

b.      What we intend to be

c.      How are we going to get there

b.      Dimensions

a.      Respond to changes in external environment

b.      Allocate scarce resources

c.      Enhance competitive position of the firm

c.      Formulating vs Implementation

d.      Components

a.      Mission - gives purpose

b.      Goals - targets for mission

c.      Objectives - targets for goals

d.      Strategy - actions and task leading to implementation

e.      Implementation

4.      Four Activities of the Strategic Management Process

a.      Review and define the organizational Mission

b.      Analyze and formulate strategies

c.      Set objectives to achieve strategy

d.      Implement strategies through projects

5.      Organizational Mission

a.      What we want to become

6.      Analyze and formulate strategies

a.      What needs to be done to achieve objectives

b.      Other questions

a.      Who are the customers

b.      What are their needs as they see them

c.      SWOT analysis

a.      Strengths - Internal

b.      Weaknesses - Internal

c.      Opportunities - External

d.      Threats - External

7.      Set objectives to achieve strategies

a.      Where we are headed and when we will get there

b.      SMART Goal setting

8.      Implement Strategies through projects

a.  How strategies will be realized

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 5.pdf