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There is a growing interest amongst academics in Project Management as a way of managing change. This research examines the interface between Project Management, Implementation and Change. Much of the interest is generated by the 'Dilution of Effect' between the expectations of the strategic planning process and the outcomes of the implementation of that plan. The focus is on whether such dilution can be reduced by using projects to implement strategic change. The combination of Strategic Management and Project Management has reduced the difficulties in implementing change in the UK Retail Lending Sector.