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March 2016 //

Canadian Government Executive /

19

The results demonstrate that signifi-

cant money is being wasted by organi-

zations’ failure to adopt proven project

management models. In the case of

Shared Services Canada and other gov-

ernment agencies, the need to adhere

to good project management practices

is critical given the tax dollars that are

at stake.

Amid the challenges that Canadian

organizations and governmental de-

partments experience — which include

worsening project outcomes, increased

competition, an uncertain economy and

other disruptive global trends, PMI’s re-

port identifies a number of ways organi-

zations can improve their performance:

Look beyond technical skills.

While technical skills are core to project

and program management, they’re

simply not sufficient in today’s competi-

tive global economy. Effective project

and program management relies on

blending technical skills with broader

leadership and business qualities. The

most successful organizations empower

well-rounded professionals capable of

overseeing long-range strategic objec-

tives. Organizations that manage and

train their talent in this way see 40 per-

cent more of their projects meet goals

and original business intent.

Recognize the strategic role

of an enterprise-wide project

management office (EPMO)

and get it aligned to strategy.

Project Management Offices are es-

sential to overseeing strategic initiatives

throughout an organization. This dedi-

cated group can lead to significantly

improved business outcomes. Organi-

zations that align their EPMO to strat-

egy report 27 percent more projects

completed successfully and 42 percent

fewer projects with scope creep.

Drive success with executive

sponsors.

Executive sponsors are uniquely posi-

tioned to overcome barriers to success-

ful project outcomes. They are able to

secure funding, champion strategies

and objectives and foster collabora-

tion within an organization. As a result,

when more than 80 percent of projects

have an actively engaged executive

sponsor, 65 percent more projects are

successful.

In addition to tracking industry fac-

tors, the

Pulse

research can be used to

strengthen focus on the quantifiable

benefits project management can de-

liver to an organization. Increased atten-

tion to project management through the

recommendations listed above can only

benefit an organization and help it navi-

gate a myriad of challenges.

The results from this year’s

Pulse of

the Profession®

, showed no improve-

ment over last year’s figures. Instead,

the data showed declines in many of the

factors used to measure project success.

The percentage of projects meeting

their goals took a significant dip, which

is of serious concern.

Organizations that invest in a project

management framework will, in turn re-

alize significant benefits to the bottom-

line. However, until more organizational

leaders embrace the reality that proj-

ects deliver strategy, we will continue to

see stagnation, wasted money and more

underperforming organizations.

The Pulse findings demonstrate that

organizations simply aren’t paying

enough attention to their ability to ex-

ecutive against their strategy. Given the

responsibility of governments to man-

age the public purse, taxpayers deserve

a better return on their investment.

Craig Killough

is Vice President, Orga-

nization Markets, and brings more than

40 years of business and leadership ex-

perience to PMI. In his current role, Craig

is responsible for PMI’s relationship with

organizations and promoting the value

of project, program and portfolio man-

agement in delivering business results.

The Organization Markets Group in-

tegrates PMI resources supporting the

development of stronger relationships

2016

The High

Cost of Low

Performance

Howwill you improve

business results?

8thGlobalProjectManagementSurvey

with organizations including standards,

global business, government relations,

account management, the Global Ex-

ecutive Council, Alliances and Networks,

and business units in India, China, Aus-

tralia and the United Kingdom.

Prior to joining PMI, Craig was the Ex-

ecutive Vice President of Global Opera-

tions with General Physics Corporation,

providing engineering and technical

services in the energy, manufacturing

and public sectors; and Vice President of

Systems Engineering and Licensing with

Cygna Energy Services, providing engi-

neering services in the nuclear electric

power industry.

Craig served as an officer aboard nu-

clear submarines in the United States

Navy, has a Bachelor of Science from

the United States Naval Academy and a

master’s degree in business administra-

tion from Pepperdine University.

Visit

www.PMI.org/Pulse

to download the reports.