Project Management Institute

The price to be paid

When companies fail to understand the connection between implementing projects and conducting business activities, they can experience operational setbacks which may not only waste resources but also lead to an organization's ceasing operations. This article describes examples of ways that companies can detrimentally affect their survival when they do not fully understand the relationship between projects and business operations. In doing so, it identifies why companies that do not practice strategically and analytically oriented approaches to managing projects will most likely experience debilitating setbacks, obstacles, and losses.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • PM Network

    Blind Spots member content locked

    By Oyvetsky, Marat Even in an era of merger and acquisition (M&A) mania, teams continue to encounter surprises when they help organizations join forces. It happened to me this year when a company seeking a detailed…

  • PM Network

    A Wide Net member content locked

    Inclusion is a never-ending process, not a project with a defined start and stop date. However, projects can be used to help organizations make progress in their journey toward inclusion, and…

  • PM Network

    Fueling Transformation member content locked

    By Gantz, Jeremy With more than 260 billion barrels in proven reserves, Saudi Aramco is an undeniable force in the global oil market. But to remain one of the largest companies in the world, the state-owned entity…

  • PM Network

    Cashing Out member content locked

    By Ali, Ambreen Cash is no longer king. In 2018, for the first time ever, the number of global ATMs decreased. Around the world, countries and retailers are launching monetary projects to become entirely digital.…

  • PM Network

    Invested in Change member content locked

    By Fister Gale, Sarah As a pillar of the U.S. housing market, the Federal National Mortgage Association—or Fannie Mae— knows that owning a home is about more than having a place to live. It's also an opportunity to make…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.