Defining The Company’s Mission As Part Of The Projects’ Strategy Formulation.

A written statement of the company’s mission is often marked as the philosophy of the business, describing its key technologies, reputation and contribution to the corporation. Researchers and David Pearce noted that the mention of such factors are associated with business success. A written mission statement does not often change. However, if changing nature of business or place some other changes, you may require to revise the mission. For instance, the collapse of American Telephone and Telegraph has demanded changes to the mission of telecommunications information processing. Defining a more full mission statement leads to improved results, since it highlights the most important factors. Mission statement reduces the chance of misunderstanding the management of development. For example, compare the following statements: Provide services in bridge construction ; Provide design services for waste processing plant; Provide manufacturing design services; Enhance the role and worth of the shareholders; Provide our customers with high quality products. It is clear that the first two statements leave much less chance for misinterpretation than others.

Long-term projects and objectives are significant to the mission statement. Goals represent the mission of the organization in a particular, specific and measurable form. Management targets determine the (smaller) targets for all levels of an organization. Targets define the direction in which, according to managers, should the company develop. Objectives detail reflect the following : what exactly is the company and when it reaches them, usually the organization’s objectives are related to markets, goods, innovation, productivity, quality, finance, profitability and populace. In each case, the goal should be as expeditious as possible. This means that the goals should have a time frame, be measurable, be specific and sensible. Goal of each level reflect the overall objective, and the lower level, the more detailed are the objectives. For example, if a company is producing leather travel luggage sets, it aims to increase sales by 40% through a strategy of research and development, the task then rests with the departments of marketing, production department and the department of research and development.

Division of research and development takes a firm strategy as their goal and their project is the development and the fulfillment of new “big suitcases with retractable wheels. Since then, the purpose becomes a project that you want to make: that is to build a suitcase for the market during a 6 months time with a budget of, for example, $ 200,000. This scheme is suitable for engineering and design company. Designing and technological company aims to diversify itself, leaving the market for industrial waste processing. This goal will determine the strategy of the design department. In turn, this strategy will lead to setting up targets for the technical department, which in turn determines the strategy for designing and constructing a plant for garbage recycling.

Today’s world is revolving on business. For some people it is the way of making money, for others – it’s a job to make living, and for some of them – this is a way they live. In any case business is an activity which has to be managed. Professional project managers are those people who help business owners to conduct their activities. Project managers who are eager to become real experts, for sure might be interested in PMP training. Of course, passing PMP exam is a quite tough task but if you are serious about that you can make use of PMP simulation. All this, together with Internet technologies being the great source of information, will help you prepare and successfully pass the PMP course.

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