Voices on Project Management

> Back to Voices Home

Your Execs Need a Wake-up Call--Start the Conversation

| | Comments (0)
PMI's The High Cost of Low Performance 2014 reveals the major issues that organizations and leaders worldwide are facing. This year's Pulse research exposes a wide chasm between an organization's actual state and the state of success. Projects, including those focused on an organization's highest priorities--its strategic initiatives--are suffering. And while strategic initiatives are essential to success in today's increasingly complex business world, an alarming 44% of initiatives fail in implementation.

To remain competitive, organizations must focus on three critical areas:

  • People: Organizations must focus on the development of their talent and managing their people through rapid organizational changes that stem from new strategic initiatives. Furthermore, organizations need to ensure executive sponsors are in place to help drive these changes. 
  • Processes: Organizations must fully understand the value of project management and mature their project, program and portfolio management capabilities along with establishing and using standardized project management practices.
  • Outcomes: Organizations must continually focus on the outcomes of the intended benefits of their projects and programs by measuring and communicating the value of these benefits to the organization.  
The full 2014 Pulse of the Profession® report is available on PMI.org. Know what's keeping your executives up at night. What you'll learn will help you start a conversation with them on the importance and value of aligning project and program management with your organization's strategic goals.

The newest edition of the Pulse features feedback and insights from over 2,500 project management leaders and practitioners across North America; Asia Pacific; Europe, the Middle East, and Africa (EMEA); and Latin America and Caribbean regions.

 

Bookmark and Share

 

The views expressed within the PMI Voices on Project Management blog are contributed from external sources and do not necessarily reflect the views and opinions of PMI.

Leave a comment

All comments are reviewed by our moderators, and will not appear on this blog unless they have been approved. Comments that do not relate directly to the blog entry's contents, are commercial in nature, contain objectionable or inappropriate material, or otherwise violate our User Agreement or Privacy Policy, will not be approved. For general inquiries not related to this blog, please contact Customer Service. Please read the Comments -- Question and Answers.

About This Blog

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.

All posts represent the opinions of the bloggers.

Follow PMvoices on Twitter

About Bloggers

Keep checking back because the voices for this blog will continue to grow and change to represent a variety of regions, industries and opinions.

Read blogger profiles

Voices Poll

Categories