Managing a single project can be challenging, but juggling a portfolio of projects demands a robust, multi-faceted approach. Your team requires an effective structure, while stakeholders demand a clear view of outcomes. So, how do you help your project leaders achieve them?
PricewaterhouseCoopers (PwC) unveils a startling fact: 20% of 10,000 projects fail to achieve half their intended goals. Gartner amplifies this concern, noting that 51% of projects fail to meet their targets, while KPMG reports an alarming 50-60% project failure rate.
Isn't it amazing how a few clicks can revolutionize workflows? If you are handling multiple projects simultaneously, automation in project management should be at the core of your strategy.
Would it astonish you that 70% of executives lack the insight to foresee emerging risks effectively?
In a recent blog on the PM College site, I rounded up a series of articles I’d read recently in the business press, all of which focused on a similar theme: that AI will help us to grow in essentially human skills...
Effective organizational leadership is the foundation for a company’s success. Chief information officers (CIOs), chief executive officers (CEOs), and other C-suite executives play a pivotal role in guiding and directing individuals and groups within their organization.
While the power of data is undeniable, the buzzwords "big data knows everything" and "data is the new oil" often overshadow the practical challenges faced by businesses when it comes to data-driven decision-making.
Imagine you're flipping a coin to predict your business success. With poor change management, it's like hitting heads just 15% of the time. But with excellent organizational change management, you turn into a lucky charm, landing tails (success) a whopping 93% of the time!
According to a whitepaper from IDC and IBM, businesses with predictive analytics show a return on investment (ROI) of around 250%. The statistics highlight why many businesses are embracing predictive modeling to outpace their competitors.
A few weeks ago in Atlanta, GA, PMI’s Global Summit boasted many presentations and discussions around how Artificial Intelligence will shape projects … and project managers … in the near future. Nearly everyone I met had AI on their minds, some with delight—others with trepidation.