Course Methodology

This course relies on individual and group exercises aimed at helping participants learn all essential strategic project management activities. The course also relies on using several case studies and presentations by participants, followed by discussions. In addition, this course incorporates pre- and post-testing.

Course Objectives

By the end of the course, participants will be able to:

• Define organizational strategy and explain how projects are elements of executing the strategy
• Identify different techniques to analyze internal and external environmental factors and develop appropriate strategies accordingly
• Evaluate projects and initiatives using financial and non-financial models and apply ranking and prioritization techniques to select the correct set of projects
• Determine the components of project strategy, including project vision and objectives, and choose the most effective project methodology
• Develop and use the right project metrics and KPIs that support the overall strategic objectives

Target Audience

Project managers and leaders at all levels who seek knowledge of developing strategies for managing an organization’s projects. The course is also designed to align projects with the overall organizational strategy. Meirc is assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This course is worth 30 Professional Development Units (PDUs).

Target Competencies

• Developing strategic objectives
• Aligning projects with strategy
• Evaluating projects
• Establish project strategy
• Developing strategies for stakeholders
• Developing metrics and KPIs for projects

Overview of Strategic Project Management

• Defining strategy
• Strategy and Projects
• Defining project success
• Strategic versus traditional project management
• Benefits of strategic project management

Strategic Framework

• Strategic analysis and development
• SWOT analysis
• Open strategy
• Strategic goals and objectives
• Linking projects to goals and objectives

Evaluating and Selecting Projects

• Non-financial models
• Financial models:
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Selecting the right project
• Ranking and prioritization analysis
• Developing a strategic roadmap

Project Strategy

• Establishing a project vision
• Alignment techniques
• Choosing a project methodology
• Assessing complexity: The Stacey Complexity Model
• Developing a high-level risk plan

Metrics and Key Performance Indicators (KPIs)

• Defining KPIs
• Popular strategic project metrics
• Defining criteria for project KPIs
• Dashboards and scorecards
• Measuring outcomes and making decisions