Strategic Impact Notes: Definitions & Explanations PDF | Download eBooks
Study Strategic Impact lecture notes PDF with project management definitions and explanation to study What is Strategic Impact?. Study strategic impact explanation with project management terms to review project management course for online MBA programs.
Strategic Impact Definition:
Potential for the risk to have a positive or negative effect on the organization's strategic goals is called strategic Impact.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Strategic Impact Notes:
Different characteristics are associated with project related risks. A project manager usually identifies the probability of a risk to occur and its effect on the project, but a few more risk characteristics are also available to be considered. One of these characteristics is strategic impact. As the name indicates, strategic impact refers to the level to which a potential project related risk affects one or more strategic goals or objectives of the organization. When a risk affects the strategic objective of the organization, its probability of occurrence must be reduced so that the position of the organization in the market is not affected. The more effects of risks on strategic goals lead to high strategic impact.
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