Strategy implementation by projects
Many organizations implement their business strategies through development projects. And in doing so, many also put into play multiple strategically focused projects, a practice which has often increased their success in achieving their objectives. This paper examines the strategic impact of managing multiple projects. It discusses the existing literature on practicing strategic management within multi-project environments and details an empirical questionnaire survey focusing on the way Finland's largest public and private organizations manage multiple projects to implement strategy. It subsequently outlines the survey's methodology, performance measurement approach, and findings. It concludes by identifying ten factors--distilled from the survey's findings--that can help organizations translate strategic objectives into operational-level goals and realize projects that implement business strategy.