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2d) Importance Of Linking Projects To Organsations Objectives Flashcards

(5 cards)

1
Q

What is a project?

A

Projects
•Transient endeavours aimed at delivering planned objectives

•Designed to implement beneficial change

•Deliver outputs that align with strategic goals

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2
Q

What is a programme?

A

Programmes
•Combine business-as-usual (BAU) with projects

•Address strategic prioritie

•Enable delivery of outcomes and benefits

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3
Q

What is a portfolio?

A

Portfolios
•Align investment with strategic objectives

•Balance and scrutinise capacity and resources

•Ensure selection and prioritisation of projects/programmes aligns with strategic goals

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4
Q

Projects Vs BAU

A

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

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5
Q

Why it’s important to link projects to objectives?

A

•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.

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