Informed Decisions Key to PM Value

  Decision Making   Leadership   Strategy   ProjectsAtWork  

A formal decision-making process is “mission-critical” to project and program success, according to a new Project Management Institute report, which finds that a shortage of actionable information available to key players throughout the project lifecycle is a huge roadblock in many organizations.

The 2015 Pulse of the Profession in-depth report on Capturing the Value of Project Management Through Decision Making, recently released by Project Management Institute, establishes the importance of a sound, formal decision-making process in the management and implementation of projects and programs. According to the report, when decision-making is approached with discipline, 79 percent more projects meet original goals and business intent. That discipline includes ensuring decision makers have the right information to make decisions and are familiar with organizational strategy.

Projects fall short of their original goals for many reasons. Pulse research has identified a number of contributing factors and the percentage of projects they impact including: ineffective communications; poor requirements management; and disengaged executive sponsors — the owners of projects and their outcomes. The research shows that disengaged sponsors make poor decisions and contribute to unsuccessful projects. In fact, nearly half of unsuccessful projects are impacted by poor decision-making,…

Please log in or sign up below to read the rest of the article.