Bridge PM Methods, Technology
As stakes get higher for strategic initiatives, organizations are modernizing their project management methodologies and solutions. But a rift often exists between their approaches and the technologies that support them. They must be developed in unison to leverage quick, accurate decision making, ensure collaboration, and improve productivity and outcomes.
There’s a lot riding on today’s projects. The project management environment is growing increasingly competitive, resulting in projects of higher costs and magnitudes. For instance, during the first half of 2015, the costs associated with New York City’s public and private construction projects increased 269 percent from the previous year. This uptick in project cost and scope is not isolated to one city or industry — in fact, stakeholders across North America are seeing a boom in projects, leaving unprepared organizations in the wake of those that are more modernized and technology enabled.
To cope with the growing complexity in both size and scope of projects, project stakeholders must determine the best way for their companies to organize and manage projects at all stages of the lifecycle. Unfortunately, perennial roadblocks continue to hold projects leaders and stakeholders back from achieving success, including the increased demand for expedited and analyzed financial data, inability to
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