What the Fortune 500 know about PM best practices ... and how you can share their knowledge
This article reports on the work of the Fortune 500 Project Management Benchmarking Forum which spent a year studying forty large organizations and exploring the best practices and success factors for project management. One primary area of concern for the Forum was the promotion of project management benefits, where success was shown to be keyed by such factors as organizational structure, strategic position, and promotion to senior management. In the area of personnel issues, success factors included optimizing employee incentives and proactively recruiting talent. Project management benefits were best measured both in terms of performance and value, and key success factors in the area of methodology included having an overarching process,regarding project management as a core competency, and using formal conflict management techniques.