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Organizational Agility Increases Project Success Rates

 

PM PROFESSION NEWS

Two new PMI 2017 Pulse of the Profession in-Depth Reports released

18 September 2017 – Philadelphia, PA, USA – The Project Management Institute (PMI®) today unveiled its Pulse of the Profession in-depth reports: Achieving Greater Agility and The Drivers of Agility. The latest research demonstrates that an organization’s agility level helps determine the success rate of its projects in today’s complex and disruptive global marketplace. While all project management approaches help support successful outcomes, the study found that organizations with higher agility reported more projects successfully meeting original goals and business intent – whether they use hybrid (72 percent), predictive (71 percent) and agile (68 percent) approaches – than those with low agility using the same methods.

PMI’s Pulse of the Profession in-depth reports also revealed that:

  • People and Processes are Key: Organizations with higher levels of agility place a significant focus on building diverse skill sets and process capabilities.
  • Revenue Growth is Greater: 75 percent of organizations with high agility report a minimum of 5 percent year-over-year revenue growth last year, compared to only 29 percent of organizations with low agility.
  • The Project Management Office (PMO) could be a Beacon: Organizations with high agility recognize the value of having some form of project governing body, as 94 percent report having a PMO, an agile work group, or another type of formal governance board – versus 81 percent of organizations with low agility.

“Each day, organizations face heightened competition and ongoing disruptions from new technology, market shifts and social change,” said PMI President and CEO Mark A. Langley. “Given these challenges, it did not surprise us to find that a large majority of organizations indicated greater agility over the last five years. In today’s market, successful organizations must be able to react and adapt to unexpected roadblocks and market changes. Organizations with high agility can switch priorities quickly without losing momentum.”

Based on its two most recent in-depth reports, PMI recommends organizations recognize:

  • Agility is a Balance – Not a Battle of Choices: Seek a balance of speed and flexibility, stability and scale.
  • Adaptability is Key: Include all approaches to project delivery in your organization’s project management toolkit.
  • Drivers of Agility include People and Processes: Encourage open thinking and commit to talent development to accelerate results. Build effective processes to achieve high performance.
  • Agility Levels can determine the Success of an Organization: To achieve maximum business value, react with flexibility, respond to change, and engage employees and customers.

Earlier this month, PMI launched the first-ever bundle of its Agile Practice Guide and PMBOK® Guide â€“ Sixth Edition to reinforce its position that industry professionals should consider the full range of project management approaches in determining which method will deliver the best project outcomes. PMI has provided practitioners with critical information spanning many approaches to ensure industry professionals can select the method that is best suited to an individual project.

“As organizations strive to be more nimble and respond faster, they recognize there is no ‘one size fits all’ approach to delivering successful projects,” Langley said. “Having a diverse toolkit for project managers enables them to contribute to the overall agility of an organization.”

The 2017 Pulse of the Profession in-depth reports features feedback and insights from 1,469 project management practitioners and leaders that use predictive and agile project management approaches in Australia, Brazil, Canada, China, France, Germany, India, New Zealand, United Kingdom and United States.

Project Management Institute (PMI) is the world’s leading association for those who consider project, program or portfolio management their profession. Founded in 1969, PMI delivers value for more than three million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. PMI advances careers, improves organizational success and further matures the project management profession through globally-recognized standards, certifications, communities, resources, tools, academic research, publications, professional development courses and networking opportunities. As part of the PMI family, ProjectManagement.com creates online global communities that deliver more resources, better tools, larger networks and broader perspectives. Visit PMI at www.PMI.orgwww.projectmanagement.com, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

Source: Project Management Institute

 

 

AACE 2018 Annual Meeting in San Diego

 

FUTURE PROJECT MANAGEMENT EVENT

Date and location announced, program still under development

18 September 2017 – Morgantown, WV, USA – The 2018 AACE International Annual Meeting will be held at the Grand Manchester Hyatt hotel in San Diego, California during June 24-27.  This is AACE’s largest international event over four days and is now one of the largest project management conferences in the world. To visit the conference website, click here.

The technical program at AACE’s Annual Meeting often represents the best and most current tools and techniques used in industry today covering a wide range of programs and projects. There will be over 100 hours of presentations to choose from over a four day period, organized in a variety of tracks such as: building information modeling; claims and dispute resolution; cost and schedule control; professional development; estimating; earned value management; global projects; IT/IM in project and cost management; owner issues; project management; planning and scheduling; decision and risk management; skills and knowledge of cost engineering; and total cost management.

Founded in 1956, AACE International is a professional society for cost estimators, cost engineers, schedulers, project managers, and project control specialists. AACE International is industry independent, and has members in 78 countries and 71 local sections.  AACE offers a monthly journal, online bookstore, education, library, certification, annual conference, professional development opportunities, employment information, executive search services, member discounts and other benefits.  For more information, visit http://www.aacei.org/.

 

 

Call for Authors from Business Expert Press

 

CALLS FOR PAPERS

5 September 2017 – New York, USA – Business Expert Press is a leading publisher of concise, applied books on business. Their readership includes executives, middle managers, MBA and executive education students. Business Expert Press has recently launched a new, online database series of articles, available through subscription, called Expert Insights.

Expert Insights are short articles designed to provide readers with a professional “tune-up” no matter what their job might be. Whether in need of learning how to use social media, deliver better presentations, or improve skills in managing time, risk, customers, employees, technology, or projects, instruction and guidance is likely to be found in our series.

Business Expert Press are looking for articles in all areas of business including (but not limited to) management and organizational behavior, marketing, accounting and finance, information systems, and operations. Any articles on portfolio and project management will be especially welcome for consideration. Articles should be anywhere from 15 to 40 pages in length or 3,000 to 20,000 words.

Your proposal should include the following information:

Your Name, and Affiliation:
Article Title and Description:
Subject Area (s):
Abstract (no more than one paragraph):
Key Words (6 to 12):
Approximate manuscript page length: (Between 10 to 15 manuscript pages, calculated based on a Word document, 12 point font, double-spaced)
Article Delivery date:
Author Contact Information (address, email, telephone):

Please submit PROPOSALS ONLY (no inquiries) in Word and send to:
scott.isenberg@businessexpertpress.com

Established in 2008, Business Expert Press is now used by thousands of faculty, students and practitioners around the world. BEP is dedicated to developing collections of complementary titles within specific business disciplines and across topics of interest, now up to some 26 different business topics. BEP provides applied and concise books, eBooks and digital collections written by experts, partnering with dozens of course pack companies, digital platform providers, and eBook readers. More information at http://www.businessexpertpress.com/.

Source: Business Expert Press