PMI released recently a new foundational standard guide to provide a framework for aligning project, program, and portfolio management practices with organizational strategy and objectives. In the OPM approach, project, program, and portfolio management are integrated with organizational enablers in order to reach the strategic objectives. This balance among knowledge, people, processes, and tools encompasses an intersection between project management practices and business management practices to realize the following benefits:
Increased customer Salinification.
Alignment of Strategy and Execution.
Improved Cost Control.
Improved Market Competitiveness.
Predictable Devilry Performance.
Efficient Decision Making.
The new guide is a good read for those who are interested in learning in better meeting their strategic initiatives or for organizations that do not have a unified project management approach.