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