PMI Announces 2015 Thought Leadership Series The Power of Project Portfolio Management

PHILADELPHIA, PA

Project Management Institute (PMI) launched its 2015 Thought Leadership Series: The Power of Project Portfolio Management today as part of its annual PMO SymposiumSM.

Focusing on the benefits of project portfolio management, the reports, which mark the third edition of the series, demonstrate the importance of maintaining alignment between an organization’s investments and business strategy.

“The 2015 thought leadership series advances the conversation around the benefits of managing projects and programs as a portfolio and demonstrates the value of this discipline,” said Mark A. Langley, President and Chief Executive Officer of the Project Management Institute. He added that PMI defines project portfolio management as “the centralized management of one or more portfolios that enable executive management to meet organizational goals and objectives through efficient decision making on portfolios, projects, programs and operations.”

PMI’s 2015 series includes:

Some of the series’ key findings include:

  • Portfolio management success requires C-suite support
  • Deficiencies in project termination and resourcing are common
  • At a majority of companies, corporate politics impede portfolio management
  • Organizations that execute portfolio management well differentiate themselves through strong processes, leadership, sponsorship and support, and an enabling culture

“Portfolio management is the crucial link between strategic intent and the initiatives that deliver strategy,” Langley said. “It’s essential to implementing an organization’s strategy, and it’s a practice that every organization can do well.”

About Project Management Institute (PMI)

Project Management Institute (PMI) is the world's leading association for those who consider project, program or portfolio management their profession. Founded in 1969, PMI delivers value for more than three million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. We advance careers, improve organizational success and further mature the project management profession through globally-recognized standards, certifications, communities, resources, tools, academic research, publications, professional development courses and networking opportunities. As part of the PMI family, ProjectManagement.com creates online global communities that deliver more resources, better tools, larger networks and broader perspectives. Visit us at www.PMI.org, www.projectmanagement.com, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

Media Contact:

Mary Ortega
Public Relations Specialist
Tel: 610-356-4600, ext. 7030
Mary.Ortega@pmi.org