In recent years, organizations have become increasingly interested in the principles of project management in order to enhance the operational effectiveness of their undertakings in terms of planned cost, schedule and quality. However, little has been done in the way of recognizing the discipline of project management as one of the core competencies constituting the competitive differential of the business strategy selected. The main objective of this study is to ascertain whether the processes of the project management discipline fit the strategy of the firm at issue. The study adopted the single case study method, focusing on the government firm Eletrobrás Termonuclear S.A. - Eletronuclear. Data collection was performed in accordance with the method triangulation principle (YIN, 2003), together with 1) documental investigation (printed, telematic, electronic); 2) a perceptions survey using a structured research questionnaire; 3) a complementary perceptions survey through interviews. The data collected was analyzed and interpreted using Macedo-Soares` (2001b) generic integrative model. The results evidenced some inconsistencies between the processes of the project management discipline and the firm´s strategy. They permitted the identification of organizational factors that did or did not contribute to projects´ strategic fit. The study concludes by sharing the lessons for other firms that could be drawn from the Electronuclear case.