Magazine article PM Network

The Trends: Back on Track in 2012

Magazine article PM Network

The Trends: Back on Track in 2012

Article excerpt

ORGANIZATIONS WILL RENEW THEIR FOCUS ON TALENT DEVELOPMENT AS THEY LOOK TO GROW AND GAIN A COMPETITIVE ADVANTAGE IN NEW MARKETS. Many companies-distracted by the chaotic business climate of the recession - are now struggling to compensate. Top talent is retiring, there are not enough new leaders to fill their shoes and organizations are challenged to balance their talent portfolio to ensure the right people with the right skills are allocated to the right programs. PMI's Pulse data reveals that 63 percent of highperforming organizations have a defined project management career path for project managers, compared to only 26 percent of low-performing organizations.

TIGHT ECONOMIC CONDITIONS WILL CONTINUE TO SPOTLIGHT THE NEED FOR GOOD PROJECT PORTFOLIO MANAGEMENT. The selection of the right projects and resourcing those projects for success will be seen as critical to the efficient achievement of an organization's strategy. Pulse data indicates that 72 percent of high-performing organizations use project portfolio management, compared to only 39 percent of low-performing organizations.

AS ORGANIZATIONS STRIVE FOR AGILITY IN ORDER TO LEVERAGE SHIFTING MARKET CONDITIONS, CHANGE MANAGEMENT AND PROJECT RISK MANAGEMENT WILL BECOME EVEN MORE IMPORTANT CORE COMPETENCIES. Pulse data indicates that 80 percent of high-performing organizations use change management techniques (compared to 61 percent of low-performing organizations) and 84 percent practice risk management (compared to 54 percent of low-performing organizations). …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.