A few days after I published the post on Portfolio Management Maturity, I received the link below highlighting PwC's 2012 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.