CONTINUOUS IMPROVEMENT in Strategic Planning for Project Management

All too often complacency directs the decision-making process. This is particularly true of organizations that have reached some degree of excellence in project management and become self-satisfied. They often realize only too late that they have lost their competitive advantage. This occurs when organizations fail to recognize the importance of continuous improvement.

Figure below illustrates the need for continuous improvement. As companies begin to mature in project management and reach some degree of excellence, they achieve a sustained competitive advantage. Achieving this edge might very well be the single most important strategic objective of the firm. Once the firm has this sustained competitive advantage, it will then begin to exploit it.

Unfortunately, the competition will not be sitting by idly watching you exploit your sustained competitive advantage; they will begin to counterattack. When they do, you may lose a large portion, if not all, of your sustained competitive advantage. To remain effective and competitive, your organization must recognize the need for continuous improvement, as shown in Figure below. Continuous improvement allows a firm to maintain its competitive advantage even when its competitors counterattack.

The need for continuous improvement:

need for continuous improvement
The need for continuous improvement:

need for continuous improvement



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Strategic Planning for Project Management Topics