Why Project Management Resources Are So Tight

Project management

1 - Why Project Management Resources Are So TightWhy 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.

2 - The Rise of the Project Management OfficeThe 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.

3 - Rate of Project FailureRate of Project Failure

Just over half (55%) admit they have experienced a failed project in the past 12 months.

4 - PMO BenefitsPMO 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%).

5 - PMO ObstaclesPMO Obstacles

Meeting stakeholder expectations (66%), staying on budget (63%), achieving business outcomes (61%) and meeting deadlines (61%) are the biggest challenges facing PMOs.

6 - Shortage of PMO ResourcesShortage 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.

7 - Lack of PMO AlignmentLack of PMO Alignment

More than half of organizations believe their projects and resources are not well or very well aligned with strategic business goals.

8 - Pulling From the Same Resource PoolPulling 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.

9 - Project Management ScoringProject 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.

10 - Using PPM SystemsUsing 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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