Tracking Project Management Trends
From the Voices on Project Management Blog
by Cameron McGaughy,
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Voices on Project Management offers insights, tips, advice and personal stories from project managers in different regions and industries. The goal is to get you thinking, and spark a discussion. So, if you read something that you agree with--or even disagree with--leave a comment.
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Faced with sluggish growth and shifting market priorities, organizations are often tempted to latch on to whatever's being heralded as the next big thing.
But the smartest project players are going back to the basics, according to PMI's 2012
Pulse of the Profession report.
Over the next several weeks, Voices bloggers will address some of the project management trends identified in the report, including:
Talent development: Looking to gain an edge in new markets, organizations are scrambling to ensure the right people with the right skills are allocated to the right programs. And
Pulse of the Profession data shows a payoff for those organizations that get it right.
Among high-performing organizations -- defined as those companies with 80 percent or more of their projects completed on time, on budget and having met business goals --
63 percent have a defined career path for project managers. Compare that to only 26 percent of low-performing organizations, defined as those with less than 60 percent of their projects completed on time, within budget and having met business goals.
Project portfolio management: A still-fragile economy spotlights the need for good project portfolio management, with more than half of respondents reporting its frequent use in 2012.
Pulse of the Profession data also indicates that
72 percent of high-performing organizations use portfolio management compared to only 39 percent of low-performers.
Organizational agility: As organizations are forced to deal with ever-increasing market volatility, use of change management, risk management and iterative practices is on the rise.
Pulse data shows that
80 percent of high-performing organizations use change management techniques and
84 percent practice risk management. Plus,
40 percent of high performers
use agile approaches in project management, versus 20 percent of low performers.
Benefits realization: Companies don't do projects because they can; they do projects because they deliver a strategic outcome.
Pulse of the Profession data reveals that defining key objectives, benefits and expectations is the second-most important factor for project success.
Additionally, having sponsors who are actively engaged is one of the primary factors that lead to projects meeting an organization's business objectives.
Organizations with active sponsors on at least 80 percent of their projects have a success rate of 75 percent, compared to the average 64 percent.
To discuss
Pulse of the Profession on Twitter, please use #pmipulse.
Learn more about PMI's
2012 Pulse of the Profession.
Posted
by
cyndee miller
on: June 29, 2012 10:36 AM |
Permalink
Comments (4)
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Agility has become a norm. The trend was rightly highlighted 5 years ago.
Mansoor Mustafa
Senior PM| Government Department
Rawalpindi Punjab, Pakistan
Luis Branco
CEO| Business Insight, Consultores de Gestão, Ldª
Carcavelos, Lisboa, Portugal
Dear Cyndee
Very interesting this information resulting from Pulse of the Profession 2012
There was a tendency at the time for agile project approaches.
Will we have different results to these in 2020 for projects completed on time, on budget and on scope?
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