Survey identifies project portfolio management challenges from the perspective of project and program managers.
Project and program managers are facing an abundance of “bottom-up” challenges when it comes to project portfolio management, according to results of a new study conducted by ESI International. Major concerns include a lack of PPM experience, tools or process in commercial and public organizations; redundancies and conflicts in project portfolios; and inconsistent project reviews with poor follow-up.
Survey respondents were project and program management professionals in the government sector and financial services, telecom, IT, energy, pharmaceuticals and health, professional services, manufacturing and other commercial sectors in the United States, Europe and Asia.
“The survey’s focus on project and program managers rather than senior executives offers a reality check for executives to ponder,” said Mario Arlt, PMP, vice president of client solutions for ESI.
Funding Challenges and the Economy
The survey’s results indicate thatdiscrepancies between expected project results and project funding and available resources are among the most pressing issues encountered by project and program managers.
Globally, 70.5 percent of survey respondents agree that the gap between available funds and project deliverables is increasing.