The Influences of Multiple Factors in the Success of Strategic Planning in Project Management

Abstract

Strategic planning is a process that involves informed dialog among the committee members over a period of time such that a consensus emerges as a natural outcome. In this paper, the multiple factors influencing success of strategic planning has been studied. Key success factors in strategic planning of project management contain such activities that must be performed if the organization intends to achieve its long-term targets. A large majority of enterprises only have a handful of key success factors. Nonetheless, even if one of these success factors is not executed accurately and precisely, the enterprises’ competitive strategy might be threatened. The key success factors in achieving project management excellence also apply to other types of organizations, including those which have not thoroughly implemented their project management systems. Though most organizations are sincere in their efforts to thoroughly implement their systems, stumbling stones are inevitable and have to be overcome. The statistical population of this research is composed of managers, consultants, and experts involved in the strategic planning in project management. According to the research results, the involvement of top management, involvement of team personnel, knowledge of the top management of strategic planning, and organizational culture are the most effective factors of strategic planning.