Question

What are the relationship between strategic management and project management in modern business.​

Answer 1

Answer:

Project management goals focus just on the current product's or program's future success and often have a finite timeline, while strategic management goals involve the entire business striving for future success.

Answer 2

Explanation:

strategic management involves long term planning to assist a business in reaching goals. These goals define the direction of the company and may include worker productivity, marketing strategy, and improving production operations. Often times strategic goals are not time limited and can be a long term commitment.But Project management involve the initiation, planning and control of a range of tasks required to deliver the end product(which could be a physical product, it could be new software, or just a new way of working).

Project management goals focus just on the current product's or program's future success and often have a finite timeline, while strategic management goals involve the entire business striving for future success.

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