2d) Importance Of Linking Projects To Organsations Objectives Flashcards
(5 cards)
What is a project?
Projects
•Transient endeavours aimed at delivering planned objectives
•Designed to implement beneficial change
•Deliver outputs that align with strategic goals
What is a programme?
Programmes
•Combine business-as-usual (BAU) with projects
•Address strategic prioritie
•Enable delivery of outcomes and benefits
What is a portfolio?
Portfolios
•Align investment with strategic objectives
•Balance and scrutinise capacity and resources
•Ensure selection and prioritisation of projects/programmes aligns with strategic goals
Projects Vs BAU
Projects:
•Temporary
•Unique, change-focused
•High risk
•Defined start and end
•Deliver new outputs/products
BAU (Business as Usual):
•Ongoing and repetitive
•Maintains stability and operations
•Low risk
•No fixed end
•Uses project outputs to deliver benefits
Why it’s important to link projects to objectives?
•Keeps work aligned with what the business truly needs.
•Ensures strategic focus — projects help meet long-term goals.
•Avoids waste and maximises return on investment.
•Helps prioritise resources and evaluate success.