Organizations are now forced to deal strategically with increasing complexity caused by globalization, rapid change, intense competition and continual innovation. Our Pulse of the Profession® research indicates average budgets for highly complex projects are twice as large as those for less complex projects.
High performing organizations are focusing on several competencies to manage complex projects:
- Creating a culture of project and program management with engaged project sponsors.
- Assessing and developing talent with a focus on fostering leadership skills
- Communicating effectively with all stakeholder groups.
Turning complexity into dexterity allows organizations to improve their project success rates, risk fewer dollars and stay ahead of the competition.