What are Strategic Projects

Where the project is a component of a broader business sense, it should be assessed as an integral part of the strategic program. All the normal financial assessment rules should be applied. The executive team should pay close attention to those parts of the proposed solution that clearly show the benefits of proceeding with the solution. Managers should ensure that detailed plans for achieving the benefits, and specific responsibility for delivering them, are in place.

IT planning must take account of the intended direction of the business, financial constraints and criteria, and human resource (HR) plans and policies. It must also be flexible enough to cope with any likely response from competitors over the whole project life cycle. Project managers should have a clearly communicated policy for the way to collect, use, and store information in support of the business objectives and the way the systems will enable them to harness the value of this information in the future.

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