IIPMC Balanced Scorecard

Strategic Plan, Part III: Balanced Scorecard for the

International Institute of Project Management Coaching (IIPMC)

In previous papers I conceptualized and proposed the creation of an organization, the International Institute of Project Management Coaching (IIPMC.org), and created a SWOT analysis to examine its strengths, weaknesses, opportunities, and threats. In this paper, using the format of the Balanced Scorecard, I define the value chain and strategic objectives needed to begin working toward the mission and vision of the IIPMC.

IIPMC SWOT Analysis

Strategic Plan, Part II: SWOT Analysis for the
International Institute of Project Management Coaching (IIPMC)

In a previous paper I conceptualized and proposed the creation of an organization, the International Institute of Project Management Coaching (IIPMC). The mission of the IIPMC is to improve the performance of project managers worldwide. To create the IIPMC, I must develop a strategic plan. The next step in strategic plan development is performing a SWOT analysis. In this paper I examine the strengths, weaknesses, opportunities, and threats related to the creation of the IIPMC as outlined in the following table.

International Institute of Project Management Coaching

Strategic Plan, Part I: Conceptualizing a Business

According to Pearce and Robinson, strategic management is “the set of decisions and actions that result in the formation and implementation of plans designed to achieve a company’s objectives" (2009, p. 3). Organizations use project management to implement strategic plans. A significant body of knowledge and training exists to support project management best practices. The Project Management Institute and the Office of Government Commerce provide globally recognized project management credentials. Universities offer bachelor, masters, and doctorate degrees in project management. Amazon.com offers thousands of books on project management and project management training companies abound. However, even with these resources available, organizations report that more projects fail than succeed.