Chapter 2 Strategic Management and Project Selection

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					                                     Chapter 2

    ORGANIZATION STRATEGY AND PROJECT SELECTION


                                   Chapter Outline

1. The strategic management process: an overview



2. Four activities of the strategic management process



       A. Review and define the organizational mission



       B. Set long-range goals and objectives



       C. Analyze and formulate strategies to reach objectives



       D. Implement strategies through projects



4. The need for an effective project portfolio management system



       Problem 1: The Implementation gap



       Problem 2: Organizational politics




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       Problem 3: Resource conflicts and multitasking



5. A portfolio management system



       A. Classification of the project



       B. Selection criteria



       C. Financial models



       D. Non-financial criteria



6. Two Multi-Criteria Selection Models



       A. Checklists



       B. Multi-weighted scoring models



7. Applying a selection model



       A. Sources and solicitation of project proposals



       B. Ranking proposals and selection of projects




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8. Managing the portfolio System



      A. Balancing the portfolio for risks and types of projects



9. Summary



Appendix 2.1 Request for Proposal (RFP)




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