Source: PMBOK seventh Edition

A system, as a whole, is really a collection of elements organized to obtain specific purposes, typically to make value. It exists in just a context and interacts along with various stakeholders and techniques.

A context is the materials and abstract environments along with forces that might influence the machine and typically examined the organizational internal and external environments in which a system operates and interacts with.

An organization, like a value delivery system, is present to meet the requirements of stakeholders and fulfill its objective and vision by providing value, such as creating services and products, producing outcomes, benefits, plus contributions, improving efficiency plus effectiveness, and enabling modifications.

The organizational strategy describes how to achieve organizational objectives and objectives and understand its mission and eyesight. It provides not only a plan that comprises projects, applications, and portfolios but also instructions and directs organizational functions, which supports the tactical portfolios.

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