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Unit 3: Project Planning

process is gathered and compiled and the steps in the process are laid out from left to right and Notes
top to bottom, with specific shapes used to denote specific process components.

3.6 Strategic Planning for Projects

Strategic planning may be defined as a systematic approach to formulate strategies for positioning
the business in relation to its environment to ensure continued success and offer security from
surprises. While no approach can guarantee continuous success and total security, an integrated
approach to strategy formulation, involving all levels of management, can go some way in this
direction. In simple words strategy cane defined as ‘Strategy is Ideas and actions to conceive and
secure the Future’. Strategic planning is that set of managerial decisions and actions that determines
the long-run performance of a corporation. It includes environmental observation, strategic
planning, formulation, implementation, evaluation and control. Strategic mission consists of a
long-term vision of what an organization seeks to do and what kind of organization it intends
to become. Development of organization completely rests on the efficiency of the
decision-makers. They have to decision based on present policies for achievement of future
goals. Strategic planning always concentrates on the anticipated aim.
Future is always uncertain. Hence, strategic decisions are always incomplete and sometimes
they have been based on false information. It may lead to further problems. Further organizations
have to work with brevity and variety. Thoughts should become actions. Actions will leads to
results. Result oriented action is the need of hour. Strategic manager should always aim at
achieving predetermined goal of the organization.

Self Assessment

Fill in the blanks:

12. ....................... may be defined as a systematic approach to formulate strategies for
positioning the business.
13. Strategic planning is that set of ....................... decisions and actions that determines the
long-run performance of a corporation.
14. ....................... process maps make work flow visible, understandable, and measurable.
15. ....................... oriented action is the need of hour.

Case Study The Delhi Metro Project: Effective Project
Management in the Indian Public Sector

ith a 6.5 km section of Line 3 becoming operational in April 2006, Phase I of the
Delhi Metro project was nearing completion. Of the total length of 65.16 km of

Wthe first phase, 62 km had been completed and opened for service. This phase
was set to cost ` 98 billion. As of early 2006, around 450,000 passengers were traveling by
the Delhi Metro every day.
The Delhi Metro was meant to solve Delhi’s traffic problems, which had become almost
unmanageable. The first steps to build a metro system in the city were taken in the early
1990s. In 1995, the Government of India (GoI) and the Government of the National Capital

Contd...

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