The High Cost of Low Performance. PMIs Pulse of the Profession- 2014. Presented by Rene Ramirez, PE, PMP. Corporate Strategy. 88% of executive say that strategy implementation is important to their organizations.
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PMIs Pulse of the Profession- 2014
Rene Ramirez, PE, PMP
88% of executive say that strategy implementation is important to their organizations.
Executives tend to ignore that projects or programs are required to “change the business” , which is the objective of corporate strategy.
Most projects are to “run the business”.
(This is based on unrecoverable budget if the project fails.)
High Performers - Organizations that achieve 80 percent of projects on time, on budget and meeting original goals.
Low Performers - Organizations that achieve 60 percent of projects on time, on budget and meeting original goals.
Organizational Agility - the capability of an organization to maintain a competitive edge by responding faster to changing market conditions while improving organizational efficiency and customer satisfaction.
(57% vs. 28%)
Effective talent management is prevalent in high performers.
Effective Talent Management leads to more successful strategic initiatives.
Actively engaged sponsors was a top driver of project success.
Effective Change Management is more prevalent in high performers.
Effective Change Management leads to more successful strategic initiatives.
Process Maturity Leads to Success
Study avg. - 56%
High benefits realization maturity is more prevalent in high performing organizations and leads to more successful strategic initiatives.
High performing organizations successfully complete 89 percent of their projects. Low performers only complete 36 percent of their projects successfully.
On average, organizations report that 3 out of 5 projects are not aligned to strategy.