Implementing the Project Portfolio: A Vital C-Suite Focus
Organizations are increasingly recognizing that effective portfolio management helps them make decisions that set them apart from competitors. This Economist Intelligence Unit study, sponsored by PMI, explores whether the C-suite is buying into this. The report examines how strategy implementation and portfolio management intersect.
Three key elements of portfolio management success require C-suite support:
- Providing the necessary resources
- Culture change to eradicate silos within companies
- Effective communication and cooperation between those who formulate the strategy and those involved in executing it.
While 13% of survey respondents evaluated their companies as above average in portfolio management, these leaders differ significantly in how they practice portfolio management and the results they achieve.
This study draws on a global survey of more than 500 senior executives from a range of industries plus interviews with 10 corporate leaders and other experts.