A Mission Statement gives guidance the portfolio of programs and projects in an organization. Project managers should be able to ‘connect’ their projects to the mission statement. An easy way to summarize a mission statement is that it:

Guides the way a company runs its operations.

Explanation:

From the question above, we can already see that a mission statement guides the operations in an organization, and project managers must always align their projects to the mission statement of an organization.

Therefore we can define a mission statement as the summary of a company's aims and values.

The aims and values of a company are what make the company operate the way it does. For example, a company with a mission statement of A Greener Earth will ensure that it produces little or no greenhouse gases, and it will also produce goods and services that combat global warming.

Summarily therefore, a mission statement guides the way a company runs its operations.

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Explanation: