FOSE Keynote

Today at the FOSE conference (www.fose.com) in Washington DC Craig Killough, VP of Organization Markets at the Project Management Institute summarized some of the key findings of PMI’s 2013 Pulse of the Profession report (www.pmi.org/pulse). 

The highlight is that low performing project organizations risk 14 times more value than high performing ones.  Significant given that they also found that organizations risk $135 Million for every $1 Billion they spend.

High performing project organizations appear to succeed 90% of the time - compared with low performing organizations that succeed 34% - by focusing on:

1. Talent Management – hiring, training, and defining career paths and development opportunities
2. Standardization – policies, practices and tools
3. Strategic Alignment – aligning project efforts with strategic firm objectives