Why Project Management Resources Are So Tight
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Why Project Management Resources Are So Tight
In an ideal world, every IT project would succeed. However, a new study underscores how a lack of project management oversight can undo IT projects. -
The Rise of the Project Management Office
64% report they have established a formal project management office. The IT PMO (34%) is the most popular type of PMO, up from 28% in 2015. Enterprise PMO adoption increased to 29% from 17% in 2015. -
Rate of Project Failure
Just over half (55%) admit they have experienced a failed project in the past 12 months. -
PMO Benefits
Respondents said he key benefits of setting up a PMO include delivering projects on time and on budget (50%) and creating business value (31%). -
PMO Obstacles
Meeting stakeholder expectations (66%), staying on budget (63%), achieving business outcomes (61%) and meeting deadlines (61%) are the biggest challenges facing PMOs. -
Shortage of PMO Resources
More than 70% of organizations report they do not have enough resources to meet incoming project demand. Just under half (46%) say marshalling resources is their top challenge. -
Lack of PMO Alignment
More than half of organizations believe their projects and resources are not well or very well aligned with strategic business goals. -
Pulling From the Same Resource Pool
A full 89% report leveraging the same resource pool for strategic projects and operational work—a significant increase from 72% in 2015. Nearly half (47%) differentiate between strategic and operational work. -
Project Management Scoring
Scoring (49%) is the most popular method among organizations that have a formal methodology for aligning and prioritizing projects. Organizations that are not using any formal methodology to rank their projects decreased to 17% from 24% in 2015. -
Using PPM Systems
Less than half (44%) of respondents say they do not have a solution in place. While this number may seem high, it is an improvement from 2015, when 55% of respondents reported not having a project portfolio management (PPM) system in place. -
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In an ideal world, every IT project would succeed. In reality, more of them wind up failing than most solution providers would care to admit. A big reason for that has little to do with the technology being implemented, but rather a lack of project management oversight. Most solution providers have some project management capabilities. However, project management is all too often a hit-or-miss proposition among many customers, according to a study conducted by project management software provider Innotas. Based on a poll of 140 project management professionals, the study finds that 34 percent have a project management office (PMO). Naturally, there's some debate over who is responsible for managing IT projects. The truth is that it takes a fair amount of collaboration between project managers working for solution providers and their counterparts inside the customer's organization to accomplish anything. The survey also makes it clear that project management resources are in short supply, which may have more to do with the pace of new technology adoption inside the enterprise than anyone inside or outside the channel realizes. Channel Insider looks at key findings from the study.
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