Project Management Efficiencies
by Brian Maddox on Apr.02, 2009, under Communications, Cost, Ethics and Conduct, General, Human Resources, Integration, Procurement, Project Management, Quality, Risk, Scope, Time, Training
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Welcome to PMAdvocate.com!
PMAdvocate.com is dedicated to the betterment of project managers, their programs, projects and profession through the collaboration and sharing of relevant project management knowledge and information.
To that end, let me start off this inaugural blog by first stating some facts, and then, posing a thought provoking question for careful analysis. The Center for Business Practices conducted a study that found that through the implementation of project management tools and techniques, project performance in the following areas could be improved by the following percent:
- Schedule Estimating – 38.6%;
- Customer Satisfaction – 37.6%;
- Strategic Business Alignment – 37%;
- Cost/Hour Estimating – 32.8%;
- Time/Budget – 32.5%;
- Schedule Performance – 32.1%;
- Quality Improvement – 31.9%;
- Labor Hours Performance – 25.6%;
- Cost Performance – 23.8%;
- Response Time – 23%;
- Staff Productivity – 22.8%;
- Time to Market – 21.7%.
Based upon the following survey, shouldn’t project managers be the first employees hired, and the last employees fired, at any company or agency? Additionally, and even in this time of economic turmoil and plunging corporate and government budgets, aren’t companies and agencies obligated to take advantage of the substantial return on investment that could be realized by providing their employees with the appropriate level of project management training?
April 8th, 2009 on 1:33 pm
Will project management skills be needed more in this down turn economy? Yes they will! I agree more training will be needed and more focus will be on the project management and project control fields of expertise, these fields will afford the company the best data and information to make critical decisions as budgets and spending tighten. Good question! Matt
May 14th, 2009 on 2:23 pm
Great question Braian! Effective and efficient project has never been more important. Responding to the changes and challenges necessary to sustain operations in this precarious market has never been more vital. Couple this with the essential need for leadership competency development in the area of change management and I think you have your answer. Many organization still don’t see change management as a leadership competency. Your project’s success is driven by the ability to manage the people in your organization through the change process.