What is strategic projects?

Hi Dana, Strategic Planning & Projects is a very wide teminology.
Anyhow, just to brief - These are company's strategic projects developed with a long term vision and considering long term sustainability of a company, focussing business over a certain time frame.
For me it is a very braod term - example - a company may decide to go with Waste Heat Recovery from their manufacturing concern to generate power, which will ultimately benefit strategically on power savings, low cost manufacturing etc.
Similarly, a company may starategize to penetrate in a new market and may have low profits but vision is on a lonoger time - to be first and hold the market for real profts later.
I hope i have tried to explain, if any queries or details please do keep in touch Amir Saleem

I agree with Amir's description, yet I would like to add the following perspective to the discussion.
In simple words, a strategic project is one that serves one or more strategic goal(s).
Strategic goals (collectively: strategic plan) are put to reach an entity's ultimate aim: achieving competitive advantage.
In other words, whenever a project is supposed to aid the entity in achieving competitive advantage, it may be dubbed 'strategic'.
On the other hand, a ‘nonstrategic’ project – often called tactical project – is one that has a smaller impact on the overall direction of the entity.
Many strategic projects may include ‘sub-projects’ of tactical nature, yet a tactical project – regardless of its scope, cost, or any other factor – is one that does not directly contribute to the entity's aspiration for competitive advantage.