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Project Management

The current state of Project Management

PWC_PM_Report_2012I’ve just come across PWC’s 2012 Global Report into the current state of Project Management and thought it worth sharing some of the key points from the Executive Summary:

  • PM is critical to business performance and organisational success, and 94% of survey respondents agreed that PM enables business growth.
  • Around 30% of respondents believe their organisations do not have suitable succession plans and contingency plans in place for key project resources.
  • Poor estimation during the planning phase continues to be the largest
    (32%) contributor to project failures.
  • Effective communication methodologies positively impacted a project’s quality, scope, and business benefits, but showed a negative correlation with budget and schedule.
  • Lack of executive sponsorship was the second largest factor that contributed to poor project performance.
  • Established PMOs result in projects with higher quality and business benefits.
  • 67% of survey of participants believe PM training contributes to business performance and Survey data also showed that a majority of projects performed higher in three of the five key performance indicators – scope, quality, and business benefits.

Download PWC’s 2012 Global Report and read more of my Project Management White Papers.

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