Organization Strategy: The organization strategy is a plan and action that is ma

Question

Organization Strategy:

The organization strategy is a plan and action that is made to achieve the goal of the organization. The purpose and implementation of the business is derived from organization strategy.

The following explained on the relationship between business organization strategy and its projects:

1. The organization strategy develops a strategic plan for the project and that helps to understand the overview of the project risks and success.

2. The implementing on the project through organization strategy determines on the success of the organization on through creating innovative business ideas.

3. The project life cycle like planning, implementing, monitoring etc are understood by the organization strategy. In each stage the works can be identified and improve to reach the goal of the project.

The following element of project management are most influenced by the business organization strategy:

The time is the major element of the project influenced on business organization strategy. The project needs to be deliver to the client on time to satisfy on their needs. Eg. The work break down structure need to be used by the organization, so that the works can be divided and can be schedule and complete on time. When the business deliver output on time it might lead towards success of the organization.

Explanation / Answer

In your own words, define organizational strategy. Explain the relationship between a business’s organizational strategy and its projects. Based on your budding understanding of project management, predict which elements of project management are most influenced by the business’s organizational strategy? Provide specific examples.

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