Strategy Dynamics and How You Manage Your Projects

There are two sides to strategy: a static side and a dynamic side. Both are relevant, applicable, and useful in thinking strategically. There are multiple ways of thinking about strategy statics and dynamics. I find it very useful to think in terms of the approach outlined by Hamilton Helmer in his book “7 Powers: The … Read more

Four Product Life Cycle Stages and Their Importance to Project Managers

The product life cycle framework is a simple and useful strategic model for product-oriented businesses. There are four product life cycle stages in the Product Life Cycle model. If well understood and carefully mapped to your situation, the product life cycle can inform the selection of project management methodology and other critical approaches for managing … Read more

Creating Value Chain Advantage: A Project’s Purpose

The value chain provides a holistic way to look at a business’s configuration in terms of where and how it adds value, and at what cost and profitability. Project management fits well into the value chain structure related to the portfolio management process as well as project execution. The value chain framework originated from a … Read more

Strategy in Project Management: Michael Porter’s Five Forces

Strategy has always existed, but Michael Porter was the first to create a comprehensive framework for thinking about strategy. His initial framework, and those that followed, are rooted in basic economics, but they extend economics from an aggregated view of the world down to the industry and organizational level. Porter’s original strategic framework from the … Read more

PESTLE Analysis in Project Management and Strategy

PESTLE Analysis – also referenced as PESTEL, PEST, and a number of other variants – is a framework or evaluating macro context factors as part of strategy development. PESTLE is an acronym for Political, Economic, Social, Technological, Legal, and Environmental. The PESTLE analysis framework is becoming increasingly popular and relevant with the rise of environmental … Read more

SWOT Analysis in Project Management

The SWOT Analysis – an analysis of Strengths, Weaknesses, Opportunities, and Threats – was developed in the 1960s at Harvard Business School and is one of the earliest strategy frameworks. As simple as it is, it is powerful and can open your eyes to the reality of your situation, both positively and negatively. It can … Read more