PwC’s 2017 Portfolio Management Trends and Insights
I've updated the post on Portfolio Management Maturity, I received the link below highlighting PwC's 2017 global project management report which includes key survey results on Portfolio Management insights collected from over 1500 IT leaders in 38 countries.
In the spirit of sharing, I have provided a list of lessons learned or takeaways I gleaned from reading the report along with a link to the document.
Here's what I learned:
- To stay competitive organizations must adopt project and portfolio management as a core part of the business processes.
- Poor project estimating is the number one culprit for project failure.
- Project Portfolio Management adoption has not increased but organizations that have implemented PPM are seeing an increase in performance improvements in the areas of project quality, scope, schedule, cost and benefits realization.
- Organizations that have adopted PPM are seeing significant performance improvements due to the enabling of better IT alignment with the organization's business objectives, increase oversight from an enterprise program management office and a monthly cadence of PPM review meetings.
- PPM software has increasingly matured in the past few years and organizations that have implemented an enterprise PPM solution are reaping the results with greater stakeholder satisfaction from increase project performance.
- Project management maturity has increased and higher PM maturity means higher business performance.
To learn more click on the link below to access the full report.
https://www.pwc.com/gx/en/advisory-services/assets/ppm-service-catalogue-june-2017.pdf
Gerald J. Leonard
Gerald J. Leonard is an international expert on the topics of Developing A Culture That Works, Strategy Implementation, and Project Portfolio Management. He is the author of Culture Is The Bass: 7 Principles for Developing A Culture That Works, and the upcoming book, Workplace Jazz: How Emotionally Connected Teams Thrive and Sustain Results. He is the CEO of Principles of Execution (PofE), a Certified Minority Business Enterprise with over 20+ years experiencing working with large Federal and State Governments and Multi-National Corporations. Gerald provides an insightful and unique way of combining his experience and expertise as a professional bassist and a certified Portfolio Management Professional consultant. Find out how you can work with Gerald as your business coach or attend one of his upcoming programs
