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Strategic Project Management — Project Strategy and Measurement of Success

In: Innovative Management and Firm Performance

Author

Listed:
  • Dejan Petrović
  • Marko Mihić
  • Vladimir Obradović

Abstract

Relevant research has shown (The Standish Group Reports, 2009) that a large number of organizations do not achieve the set goals in the execution of their projects — the completion of the project in the predicted time period, within the budget, and with the agreed quality, among others. On the other hand, a more serious problem is that many of them seem to fail to achieve business goals, while it is a commonplace that the desired results fail to be achieved in either group. The majority of organizations strive to improve the execution of their projects in a traditional way, for example, through employees’ education, work process improvement, introduction of software support, etc. The focus on these elements only results in a limitation as to how much the effectiveness and efficiency of the project execution can be improved, especially from the aspect of the organization achieving its goals. In order to achieve a higher competitive advantage, the real improvements have to be closely linked to the strategic aspect of project management.

Suggested Citation

  • Dejan Petrović & Marko Mihić & Vladimir Obradović, 2014. "Strategic Project Management — Project Strategy and Measurement of Success," Palgrave Macmillan Books, in: Maja Levi Jakšić & Slađana Barjaktarović Rakočević & Milan Martić (ed.), Innovative Management and Firm Performance, chapter 14, pages 276-289, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-40222-6_14
    DOI: 10.1057/9781137402226_14
    as

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