Capturing the Value of Project Management
Organizations need to return to the basis of project, program and portfolio management. By focusing on developing a culture of project management, cultivating talent and defining processes, organizations will capture value and gain competitive advantage.
The report shows that high performers focus on:
- Greater knowledge transfer effectiveness
- More rigorous risk management
- More frequent use of agile/incremental/iterative practices in project management
- Higher benefits realization maturity
This Pulse research found that organizations wasted US$109 million for every US$1 billion invested in projects and programs. But organizations that embrace, value and utilize project management report more success, less waste and a greater competitive advantage.