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Over 10% of Project Budgets are Wasted!

PMI’s 2016 Pulse of the Profession®: The High Cost of Low Performance finds that over 10% of project budgets are wasted because of poor project management practices.  To avoid these losses the article recommends:

  • Look beyond technical skills.  Leverage blended skills of well-rounded professionals capable of strategic planing.
  • Recognize the strategic role of an enterprise-wide project management office (EPMO) and get it aligned to strategy. PMOs can deliver improved business performance.
  • Drive success with executive sponsors. Executive sponsors critical for financing, stakeholder support and fostering collaboration within an organization.

About Kirk Tramble

Professional Services ● Technology Leader ● Consultant Software and Energy Industries