Strategy in action
Strategy supports the vision set by a company's leadership, writes this author, the vice president of relationship management for the project management consultancy SPM Group LTD (Toronto, Canada), "but it is effective only if executed." This article examines how SPM Group practices project management. In doing so, it discusses its use of PMI's five standard process and nine knowledge areas in combination with the Stage-Gate product development process and enterprise project management (EPM). It explains the business benefits SPM has realized as a result of using these processes, benefits that include implementing consistent approaches, realizing successful project outcomes, and aligning projects with strategy.