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Pulse of the Profession®: Retain Focus on People, Processes, and Outcomes

PMI recently unveiled the 2014 edition of its annual global research, Pulse of the Profession®. This year’s report, Pulse of the Profession: The High Cost of Low Performance, shows how organizational leaders are changing their approach to strategy.

Though 88 percent of executives, who were interviewed, said strategy implementation was important to their organization, 61 percent acknowledged that their firms often struggle to bridge the gap between strategy formulation and its day-today implementation. This gap demonstrates a lack of understanding among executives that all strategic change happens through projects and programs.

“While not all projects and programs rise to the level of a ‘strategic initiative’, all of an organization’s strategic initiatives are implemented through projects and programs that inevitably change the business,” said Mark A. Langley, president and CEO, PMI. “Most in the C-suite fail to realize this simple truth. Maybe more would if they assigned a senior executive to oversee strategy implementation the same way many of them designate a chief strategy officer for strategy development. When that person is supported by an organizational culture of project management, including a highperforming project management office (PMO), we will see project success rates climb.”

PMI’s 2014 Pulse of the Profession demonstrates the significant implications of this chasm:

However, there is good news in this region. According to PMI’s 2014 Pulse of the Profession, organizations that focus on strategic practices surrounding people, processes, and outcomes-and that closely align their projects to the strategy of the organization-successfully complete more strategic initiatives than those that don’t. To increase success and achieve these results, PMI’s 2014 Pulse of the Profession shows that organizations must continue to focus on:

Click here for the detailed report.

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