Explain what strategic planning for project management is according to Kerzner. Include an explanation of how it relates to the five project management processes prescribed by the PMBOK® Guide.
Initiation - Authorizing the project.
Planning - Defining and refining the objectives (gleaned from the requirements). Select the best of the alternative courses of action to attain the objectives that the project was undertaken to address.
Execution - Coordinating people and other resources to carry out the plan.
Control - Ensuring that project objectives are met by regularly monitoring and measuring progress to identify variances from the plan so that corrective action can be taken when necessary.
Close - Formal acceptance of the project or phase and bringing it to an orderly end.
Then consider one of the case study companies from pages 188-191 of the Kerzner text on strategic planning in action. Explain how this example will help you in your analysis of your project audit.