Opportunity knocks

Selecting the right projects is as important to an organization as picking the right stocks is to an investor. In both cases, making the wrong choice can lead to big losses. But when it comes to making strategic project decisions at the highest levels, most organizations fail to put project management experts in charge. This article discusses how project executives can point organizations in the right direction by ensuring that portfolios drive strategy. In doing so, it reports the results of PMI's Pulse of the Profession survey showing that 22 percent of respondents said their organization has someone in a project management-related role at the vice president level or higher. It then identifies how a project executive can provide the kind of strategic oversight most organizations lack. Next, the article examines the role of the project executive noting that he or she must communicate each project's parameters, strategies and objectives with project leaders throughout the organization. It explains the project
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