5 Portfolio Management Findings

Tushar is an experienced product management and marketing professional and the VP of Marketing for Innotas.

  Portfolio Management   Strategy  

There continues to be a high rate of misaligned IT projects and lack of resources for successful project execution, according to a new survey by Innotas. The survey also revealed the lack of a methodology to score and prioritize projects, showing that many organizations still do not have an approach that enables prioritization. These five key findings from the survey illustrate the trends--and the challenges--facing organizations’ project portfolios and project management strategies:

Stat 1: More than 50% of organizations say their projects and resources are not well aligned with business goals. In project management, there’s one truism that can’t be overstated: The purpose and goal of projects should not be focused on activities, but the outcome. The successful execution or completion of projects and initiatives is no longer enough; the focus must be on the project outcome--which translates to the business impact of your project. Initiatives must create value for the organization, which means projects must be aligned with business goals. Given the importance of alignment to corporate goals, it’s surprising that so many organizations continue to struggle in this area.

Stat 2: Resourcing is the top challenge for most organizations. While resourcing is less of a challenge than in 2014, it remains the top challenge for organizations heading into …

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