Businesses often face significant challenges when it comes to ensuring that projects align with organizational strategy. In order to overcome this challenge, a certain level of project management maturity is needed. Read the article “How Can the Trade-Off Between Corporate Business Strategy and Project Risk Be Optimized?” (Sheykh, Azizi, Sobhiyah, 2013) (see attached) located in the Ashford University Library. Then, write a paper discussing the following:
Explain how project and portfolio management relate to organizational strategy and risk management.
Explain the rationale behind an organization keeping a diverse project portfolio.
Discuss the project management maturity level an organization would likely have to achieve in order to successfully build a project portfolio that would align with organizational strategy while managing risk.
The Organizational Strategy, Project Risk, and Project Management Maturity assignment
Must be 900-1200 words in length (not including title and references pages)
Must use at least two scholarly sources in addition to the course text.
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