Positives of Adopting Project Management Practices
"A project is a unique, transient endeavour, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits."
"Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives."
Source: Association for Project Management
Project Management - An Integrative Approach
Achievement & Action
Collaboration
Impact & Influence
Management
Cognitive
Personal Effectiveness
Productive Work Environm
ent
Organisational Savvy
Business A
cumen
Enterprise V
iewP
rocu
rem
ent M
anag
emen
tR
isk
Man
agem
ent
Com
mun
icat
ion
Man
agem
ent
HR M
anag
emen
t
Quality
Man
agem
ent
Cost Management
Time Management
Scope Management
Integration Management
Project Success Factors Source: Raconteur
Firms with Project Management Office or Offering PM Training
Small
Mid Size
Large
61% 62%
88% 79%
90% 84%
With PMO Offering PM Training
Source: Project Management Solutions, 2014
%
% Respondents on Factors ImpactingProject Outcomes
71% 64% 61%
38%
Meeting Goals
Meeting Budget
Meeting Schedules
Scope Creep0
25
50
75
Executive Benefits & Significance of Key Outcomes% Respondents on Key Organisational Benefits
Derived from Project Management
Success withChange
CompetitiveAdvantage
Risk Management
Cost Savings
HigherOrganisational
Agility
0% 10% 20% 30% 40% 50%
Source: PMI, 2016
%
IT Project Success Rate
16%
53%
31%29% 52%
19%
1994 2015
Successful
Challenged
Failed
0
50
100
150Fund Utilisation
Succeeded Funds: 87.8 %
Wasted Funds : 12.2 %
Succeeded Funds Wasted Funds
Source: Standish Group CHAOS Report, 2015 Note: For every $1 Billion Project Investments
$878 M
$122 M
Sources:
1. PMI, “The High Cost of Low Performance: How will You Improve Business Results”, 2016, http://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/pulse/pulse-of-the-profession-2016.pdf.
2. PMI, “Capturing the Value of Project Management”, 2015, http://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/pulse/pulse-of-the-profession-2015.pdf?sc_lang_temp=en
3. Pompeu, R.M.F., and Oliveira, S.R.M., “Critical Success Factors in IT Projects: An Exploratory Study, International Journal of Innovative Research in Science, Engineering and Technology, Vol. 4, Issue 11, November 2015, http://www.ijirset.com/upload/2015/november/117_Critical.pdf
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45%
45%
41%
39%
38%
Managerial Skills
Organisational Perspective
Technical Skills
