{"id":14497,"date":"2021-03-15T13:00:46","date_gmt":"2021-03-15T13:00:46","guid":{"rendered":"https:\/\/twproject.com\/?p=14497"},"modified":"2024-08-06T08:14:51","modified_gmt":"2024-08-06T08:14:51","slug":"strategic-thinking-relevance-successful-project-manager","status":"publish","type":"post","link":"https:\/\/twproject.com\/blog\/strategic-thinking-relevance-successful-project-manager\/","title":{"rendered":"Strategic thinking and its relevance for a successful project manager"},"content":{"rendered":"<p><strong>Strategic thinking<\/strong> and its importance is what elevates a <a href=\"https:\/\/twproject.com\/blog\/abilities-skills-successful-project-manager\/\" target=\"_blank\" rel=\"noopener\">project manager<\/a> to the next level. Project managers are definitely accountable for a project&#8217;s timely delivery, but it&#8217;s their skill in crafting a strategy that makes the difference.<\/p>\n<div class=\"table-of-content\">\n<h5>CONTENT<\/h5>\n<ul>\n<li><a href=\"#strenghten\">Strategic thinking and how to strengthen it in the business scenario<\/a><\/li>\n<li><a href=\"#strategic\">Shifting from tactical to strategic project management<\/a><\/li>\n<li><a href=\"#support\">How to ensure projects support the strategy<\/a><\/li>\n<li><a href=\"#benefits\">Benefits of strategic thinking in project management<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Project managers in fact spend most of their days trying to push the project toward its ultimate goal, and generally their focus is somewhat &#8220;short ranged.&#8221;<\/p>\n<p>They do keep the end goal in mind, but their focus is usually on the next step, or two or three.<\/p>\n<p>This type of thinking is <strong>tactical<\/strong>. However, <strong>strategic thinking<\/strong> is different.<\/p>\n<p><strong>When thinking strategically<\/strong>, much more emphasis is given to the long-term goal.<\/p>\n<p>In project work, an <strong>effective strategy<\/strong> can greatly reduce the level of tactical effort required.<\/p>\n<p><strong>Strategic thinking<\/strong> is therefore the first step in <strong>successfully executing any project<\/strong>.<br \/>\n<a name=\"strenghten\"><\/a><\/p>\n<h2>Strategic thinking and how to strengthen it in the business scenario<\/h2>\n<p>There&#8217;s no denying that everyday life can make this difficult as <strong>project managers<\/strong> manage multiple <a href=\"https:\/\/twproject.com\/blog\/flowchart-important-project\/\" target=\"_blank\" rel=\"noopener\">work streams<\/a> and find themselves under increasing pressure to deliver more at a faster pace (and often with fewer resources).<\/p>\n<p>When you have so much going on, it can be hard to see beyond the current to-do list.<\/p>\n<p>Some organizations solve this problem by creating <strong>program manager<\/strong> or <strong>project portfolio roles<\/strong>.<\/p>\n<p>These people are assigned to supervise a series of projects and are typically in charge of defining a vision for the group that supports business goals.<\/p>\n<p>Yet everyone, in their small way and project manager included, benefits from more <strong>strategic thinking<\/strong>.<\/p>\n<p>When you know where you are going and why, you are more <strong>psychologically prepared<\/strong> to add value and make an impact.<\/p>\n<p>Here, then, is how a project manager can <strong>strengthen their strategic thinking skills<\/strong> every day:<\/p>\n<ul>\n<li><strong><em>Think big<\/em><\/strong><\/li>\n<\/ul>\n<p>It might seem difficult to get the big picture when you&#8217;re working through the details, but it&#8217;s important to think holistically about how each effort supports overall business goals.<\/p>\n<ul>\n<li><strong><em>Become even more curious<\/em><\/strong><\/li>\n<\/ul>\n<p>Awareness of the <strong>big picture<\/strong> is not the same as knowledge. It&#8217;s critical to constantly look for the why of things and <strong>understand what the criteria are for achieving long-term success<\/strong>.<\/p>\n<ul>\n<li><strong><em>Ponder and analyze<\/em><\/strong><\/li>\n<\/ul>\n<p>After each project, a <strong>retrospective look back<\/strong> is necessary. It may be worth starting a <strong>project log<\/strong> to also note any revelations as you move forward. Think about and analyze these reports and weigh what went well and what you want to improve next time, ask for <a href=\"https:\/\/twproject.com\/blog\/important-feedback-project-receive\/\" target=\"_blank\" rel=\"noopener\">feedback from colleagues and stakeholders<\/a>.<br \/>\n<a name=\"strategic\"><\/a><\/p>\n<h2>Shifting from tactical to strategic project management<\/h2>\n<p>It has become quite clear that successful project management not only requires the application of <strong>tactical management<\/strong>, but also <strong>strategic thinking<\/strong>.<\/p>\n<p>However, traditionally, project management has been mainly a tactical tool, focusing on accomplishing work, managing schedules, and driving projects to completion within set <a href=\"https:\/\/twproject.com\/blog\/organize-team-work-time-leveling-or-smoothing-resources\/\" target=\"_blank\" rel=\"noopener\">time<\/a> e and <a href=\"https:\/\/twproject.com\/blog\/how-to-make-a-project-budget\/\" target=\"_blank\" rel=\"noopener\">budget<\/a> constraints.<\/p>\n<p>However, as organizations began to face an unprecedented marketplace and increased competition, increasingly more of them have come to recognize that project managers can bring much more value than simply ensuring the successful coordination of activities.<\/p>\n<p>Simply put, project managers can and s<strong>hould operate at a more strategic level<\/strong> to help an organization evolve, innovate and prosper.<\/p>\n<p>The rise of this approach is all about aligning a company&#8217;s <a href=\"https:\/\/twproject.com\/blog\/smart-goals-to-plan-a-project\/\" target=\"_blank\" rel=\"noopener\">project objectives<\/a> with its <strong>strategic goals<\/strong> and overall mission.<\/p>\n<p><strong>Strategic project management<\/strong> is not simply about executing projects for the sake of continuity of operations; it involves carefully selecting, prioritizing, and channeling resources to the projects that will contribute most to organizational success while increasing revenues.<br \/>\n<a name=\"support\"><\/a><\/p>\n<h2>How to ensure projects support the strategy<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14501\" src=\"https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking.png\" alt=\"strategic thinking\" width=\"1280\" height=\"853\" srcset=\"https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking.png 1280w, https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking-630x420.png 630w, https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking-1130x753.png 1130w, https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking-705x470.png 705w, https:\/\/twproject.com\/blog\/wp-content\/uploads\/strategic-thinking-450x300.png 450w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p>Projects are the core of a strategy &#8211; this is where stuff moves and progress is made.<\/p>\n<p>So how can you make sure that activities are well aligned with the business strategy?<\/p>\n<ul>\n<li><strong>Ensure projects support objectives<\/strong><\/li>\n<\/ul>\n<p>In short: every active goal needs at least one Project. You can have future goals that have not yet &#8220;started,&#8221; but any currently &#8220;active&#8221; goal should have at least one project related to it. Depending on the scope of each goal, you may also need to have multiple projects for each one.<\/p>\n<ul>\n<li><strong>Ensure that projects meet their objectives <\/strong><\/li>\n<\/ul>\n<p>Goals are met if related projects are delivered. Should this not be the case &#8211; i.e., projects are successfully completed, but the goal is not met &#8211; you need to find out where the shortcoming lies.<\/p>\n<ul>\n<li><strong>Ensure sub-projects align with objectives<\/strong><\/li>\n<\/ul>\n<p>As stated before, every project should have a clear link to one or more objectives, although there may be cases, such as sub-projects, where this connection is not so straightforward. Even if a project is not directly linked to a goal, the objective must still support what you are trying to accomplish. A good example is when there is a sub-project within a &#8220;parent&#8221; project that clearly aligns with a goal. In this case, the sub-project is still indirectly connected to the business strategy.<br \/>\n<a name=\"benefits\"><\/a><\/p>\n<h2>Benefits of strategic thinking in project management<\/h2>\n<p><strong>Implementing strategic thinking into project management<\/strong> leads to competitive advantage in the marketplace.<\/p>\n<p>The art of identifying and choosing the proper projects to work on in a given period of time is proving to be a particularly significant benefit in the modern marketplace.<\/p>\n<p>Strategic thinking applied by project management in project selection enables the identification and selection of projects that will provide the greatest value to an organization.<\/p>\n<p>As opposed to the practice of conducting expensive projects that are not fully compatible with business objectives, this alignment can shed a new light on the project selection process.<\/p>\n<p>Funds are spent more mindfully to improve their impact on the organization&#8217;s overall performance, thereby increasing profitability and reducing unnecessary expenditures.<\/p>\n<p>This alignment can also improve project success rates and the organization&#8217;s ability to quickly meet customer needs and expectations.<\/p>\n<p>When each project contributes directly to the company&#8217;s bottom line, the organization as a whole improves, thus improving customer experiences and retention rates.<\/p>\n<p>&nbsp;<\/p>\n<p>Ultimately, tactical management is definitely important to a project, but it is still incomplete if <strong>strategic thinking<\/strong> is not also applied.<\/p>\n<p>One simply will not work without the other. Therefore, as a project manager with sound tactical skills, it is also important to <strong>develop a long-term strategic thinking attitude<\/strong>.<\/p>\n<div class=\"tw_promobox box_type2 sOrange sFilter sImage\" style=\"background-image: url('https:\/\/cdn.twproject.com\/blog\/wp-content\/uploads\/picjumbo.com_HNCK5096-860.jpg');\">\n<div class=\"av_promobox avia-button-yes avia-builder-el-1 el_after_av_promobox avia-builder-el-last\">\n<div class=\"avia-promocontent\">\n<h2>Plan your projects&#8217; strategies with Twproject.<\/h2>\n<\/div>\n<div class=\"avia-button-wrap avia-button-right \"><a class=\"avia-button avia-icon_select-no avia-color-custom avia-size-xlarge\" href=\"https:\/\/demo.twproject.com\/applications\/teamwork\/welcome\/createUserEnvironment.jsp\" target=\"blank\" rel=\"noopener\"><span class=\"avia_iconbox_title\">Try it now for free!<\/span><\/a><\/div>\n<div class=\"avia-promofooter\">One try is worth a million words.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategic thinking and its importance is what elevates a project manager to the next level. Project managers are definitely accountable for a project&#8217;s timely delivery, but it&#8217;s their skill in crafting a strategy that makes the difference. CONTENT Strategic thinking and how to strengthen it in the business scenario Shifting from tactical to strategic project &hellip; <a href=\"https:\/\/twproject.com\/blog\/strategic-thinking-relevance-successful-project-manager\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Strategic thinking and its relevance for a successful project manager&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":14502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_custom_body_class":"","_custom_post_class":"","footnotes":""},"categories":[347,58],"tags":[],"class_list":["post-14497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pm-expert","category-project-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategic thinking and its relevance for a successful project manager - 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