I recently met a person who worked in a company that operated its project management via the “Golden Thread” = strong and clear links back to the strategic agenda.
I was told about the rules:
- Does the idea/project link back to the strategic objectives? If yes, then develop a business case and apply the companies project management approach to the project.
- No fit? Stop any activity (if there has been any) immediately. Formally reject the project
- If it links into the overall objectives and the business case is approved then project management governance rules apply
It works for them!
So, does your project fit the golden thread?