Clarity Glossary for Project and Portfolio Management

Strategic Planning

Strategic planning defines a company’s long-term goals and the initiatives required to achieve them.

Explanation

In strategic planning, organizations define the goals they aim to achieve over the coming years and the actions required to reach them.

Market trends, organizational resources, and future developments are taken into consideration.

Strategic planning forms the foundation for investments, projectsProjectA project is a temporary initiative with clearly defined objectives, resources, and a specific outcome., and priorities within a company.

Synonyms and Abbreviations

  • Strategy Planning: planning of long-term organizational goals
  • Corporate Strategy: long-term direction of a company

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