Business planning is an integrative function and gateway because it involves the integration and combination of business objectives and strategies with candidate projects, resulting in a company strategy and aligned program and project portfolio. Here the business integrates its core competency and global partnerships with its internal business objectives and plans. Candidate projects are designed to carry out business investment goals. The integration of business interest and direction, with projects such as this ITS case study, is the second line of interface in fully integrating the project. Integration of business planning involves the use of the weighted scoring model and other integrative tools to score projects against business objectives.
In the case of ITS, one of its strategic objectives is to develop and test the feasibility of a variety of new transportation systems that would provide future customers and passengers with new levels of efficiency and effectiveness. The ITS project would score highly against this objective, simply because it is directly connected to that business objective. ITS is "aligned" and thus integrated with the business itself, its capacity, its competencies, and its intended future.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.