Question

in 200 words or more How do a firm's mission, objectives, and business strategy relate to project management? give an example

Answer 1

Mission- A mission statement contains objectives of business and aim of business.

Objectives- Are the goals that business wants to achieve and where it wants to be after a certain period of time.

Business strategy- This is the strategy to achieve the objectives and goals of business.

Project management- It is a process of planning, analyzing, executing and controlling the work of a team to achieve the business goals.

How do a firm's mission, objectives, and business strategy relate to project management?

Mission, objective, strategy and project management are closely related. A good project management helps you to make business strategy and achieve the objectives of business. Project management process has various steps that focus on mission of the organization and work for the same. Motive of business is profit, in a company, all work for a common goal that is company's mission. Strategies are made to achieve mission of organization. Project management framework helps you in many ways. Many business leaders are now aligning project management with business strategy.

Project management is the important part of management that is used to accomplish goals, mission and vision of organization within a pre and well defined budget and schedule. Project management helps business achieve the profit in lower cost that is why it is very important to align project management with business strategy and mission.

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