Survey shows Project Effectiveness Down
Each year the Project Management Institute undertakes a major worldwide survey of project and programme management practitioners. Since 2008 the share of projects said to have met their original goals and business intent has declined from 72% to 62%.
PMI’s Pulse of the Profession survey collects the views of 800 project management leaders and practititoners across the Americas, Europe, Middle East, Africa, Asia and the Pacific.
This year’s report highlights the waste arising from poor project outcomes. The sharp contrast between succesful and less successful organisations is analysed. For high performers more than 80% of projects achieve time, budget and scope objectives; for low performers fewer than 60% of projects suceed. The PMI identifies 3 core factors which distinguish the more and the less successful organisations: talent development; standardisation; and alignment with organisational strategy.
Consistent, continuous training and development for project managers, complemented by a defined career path and the implementation of efficient project management tools and techniques.
The adoption of standardised practices, leading to efficient use of resources with greater scope to focus on leadership, innovation and delivery.
Alignment of project and programme goals, integrated benefits realisation, and high levels of organisational agility were all features of the high performance group of organisations.