PMI members have already received mail, for all others it is available here: The new PMI Pulse of the Profession Report is out. Again it is constituted that companies with a higher maturity in project management have better and more profitable projects – seems to be no wonder. But different to the preceding years the study for the first time since five years has detected an improvement of meeting project objectives: “Only” 9.7% of the investment sum were “burnt”, that is 20% less than the year before!
Consequently the report describes this time less what advantages companies have when taking care of good project management, but focuses the actual benefits that a “champion” with more than 80% of projects conducted to plan (time, cost, quality) has compared to an “underperformer” with less than 60% success rate. That applies specifically at strategic important projects where achieving the intended business goals and savings from better project performance does not only pay back during the project but even more after it with long and sustainable effects.
I wish you much pleasure when reading and many good inspirations for your company and business!