Design of project management systems from top management's perspective
a proven key to organizational teamwork and a breakthrough in planning performance
Because the long-term survival of organizations depends on the ability of its executives to develop and implement strategies that successfully resolve dynamic and competitive challenges, executives are increasingly examining their organization's need for an institutionalized project management methodology that enables the company to realize projects that achieve corporate objectives. This article discusses how organizations can practice project management for corporate advantage. In doing so, it describes three reasons explaining why projects are strategically important investments; it discusses two surveys reporting how organizations use project management. It reports on the survey's findings, detailing the seven differences between project management and project portfolio management, defining the nine project-related roles executives play, explaining the six characteristics of projects, listing four project management methods, and outlining three types of project management approaches.