Building Resiliency with Business Agility

  PM Network  

In the 21st century, competitive disruption is business as usual. Just look at the airline industry: In less than 15 years, four upstart “super-connector” airlines—Emirates, Qatar, Etihad and Turkish—have surpassed the reach of formerly dominant carriers based in Europe. And they're beginning to move into the traditional turf of U.S.-based airlines.

How to respond to aggressive competitors and navigate volatile markets quickly and successfully is the crux of organizational agility. No longer a buzzword, agility is a must-have for project success in rapidly evolving sectors—which these days is most.

“To be prepared for the future, you need both a culture and an organizational structure that provide the flexibility needed in a changeable environment,” says Jorge Alberto Pérez Torres, PMP, organization deputy director at insurance firm Allianz, Mexico City, Mexico. “The word ‘resilience’—the ability of a system to cope with change—fits very well in this case.”

PMI's 2015 Pulse of the Profession^®: Capturing the Value of Project Management Through Organizational Agility in-depth report found that 75 percent of organizations with a highly developed culture of agility are able to quickly respond to market conditions, compared to 12 percent of organizations with an underdeveloped …

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