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Process=Profits
Survey shows project and program management processes reap profits for companies.
A study released June 30 finds that organizations with project and program management processes in place, such as project portfolio management and project management offices (PMOs), are more profitable than those without them. This conclusion is the result of a survey conducted by Robbins-Gioia, a leading program management consulting firm, with about 80 senior-level IT professionals at the META Group conference in San Diego, March 2-3, 2004, and via PMBoulevard, Robbins-Gioia's online resource for program, portfolio, and project management professionals and executives.
The survey revealed that of those organizations that systematically align projects/programs to their overall business strategy, nearly 75 percent said they were either very profitable (exceeding goals) or gaining momentum and increasing profitability. This finding confirms that organizations that consistently prioritize and manage projects and programs for maximum organizational value-in other words, practice portfolio management and project management-are realizing greater financial returns and/or exceeding business goals.
Additionally, those organizations that have an infrastructure in place to manage and oversee major initiatives in their organization also realize tangible results. Sixty-two percent of organizations with…
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