Strategic Project Management Bridging the Gap Between Strategy and Execution

Abstract

In today’s complex business problems, companies are looking to close the gap between strategy and execution by the successful implementation of strategic project management (SPM). Although strategic planning establishes the course, however, it might be difficult to guarantee smooth alignment with project execution. Therefore, incorrect alignment causes inefficiency and worse-than-ideal project results in many companies. Thus, this study critically investigates how SPM improves decision-making, organizational performance, and industry competitiveness. In this research, a qualitative research methodology was adopted, incorporating semi-structured interviews, document analysis, and case studies from major industries, such as manufacturing companies, Information Technology (IT) services, and healthcare. Subsequently, the findings demonstrate that companies are usinga structured SPM framework.

In a nutshell, by combining the ideas of strategic management and project management, how interdependent they are in fostering long-term resilience and creativity. The crucial fact that the research disciplines is how important stakeholder participation, performance evaluation, and cross-functional cooperation are to the effective use of SPM. Additionally, to maximize SPM adoption, the research concludes by providing businesses with practical suggestions that guarantee projects not only fulfill operational targets but also fit in with more general strategic goals. For businesses looking to maintain a competitive edge in ever-changing market conditions, surprisingly, SPM becomes an essential tool through bridging the gap.