Your success in implementing or improving a system to manage your portfolio of projects depends on six drivers. The following key characteristics will prove invaluable as you and your business move forward.
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6 Key Drivers of Successful Project Management
1. S I X K E Y D R I V E R S O F
S U C C E S S F U L P R O J E C T
M A N A G E M E N T
2. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N TS I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
1
S T R O N G L E A D E R S H I P
The key to navigating the variables and tribulations of project management.
Every project has a variety of moving parts; objectives to achieve, people to manage, budgets to mind and more.
With strong leadership in place for your project management needs, these parts move smoothly and goals are
achieved.
3. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
2
O R G A N I Z AT I O N A L M AT U R I T Y
Firms at higher levels of PPM maturity see a greater ROI.
When staffing for a project, its not enough to simply fill the office with PMP certified project managers.
Certification is great, but a proven record of success is even more vital.
4. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
3
B U S I N E S S - D R I V E N A P P R OAC H
Aligning portfolios with business priorities creates a
competitive advantage.
Management is constantly pressured to meet or exceed lofty performance goals. In order to succeed,
executives are willing to fund initiatives that grow revenue, grow market share, reduce cost, meet
regulatory requirements, refresh or replace obsolete technology or assets, or even transform the
company’s culture or overall business model if it’s going to help them reach their goals. However, they
need justification.
5. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
4
E X E C U T I V E B AC K I N G
Recent studies indicate that a lack of executive support is the 2nd
largest factor of poor project performance.
It is absolutely vital for the project component to have the sponsorship and confidence of the
organization’s executive management team.
6. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
5
U S E R A D O P T I O N
A critical failure of any system is a lack of user adoption. A PPM
system is no exception.
For any system to be a success, you must have user adoption. Without it, you have inaccurate
information, wasted time, frustrated users and organizational resentment.
7. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
6
V I S I B I L I T Y
Dashboards positively change the way we view, disperse and work with
information.
Visibility matters. Without having access to project information such as timelines, cost, risk, issues,
skilled resource availability, etc. you’re instincts are to use your gut. While this works in some cases, it’s
not sufficient or reliable. Having the right tools in place to facilitate and automate business process and
supply intelligence is critical.
8. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
C O N C L U S I O N
By keeping these six key drivers in mind as you move forward in improving your
project portfolio management capabilities, you’ll increase your odds of success
dramatically.
Developing projects that mesh with your organization’s priorities and managing them
to achieve the stated goal will also be a vital necessity to creating and maintaining a
competitive advantage.
9. S I X K E Y D R I V E R S O F S U C C E S S F U L P R O J E C T M A N A G E M E N T
Six Key Drivers of Successful Project
Management
G E T T H E F U L L V E R S I O N H E R E
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6 Key Drivers of Successful
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