Project Management

KEY FINDINGS

Driving Consistency in Project Management Approach and Expertise

• Successful project management organizations not only have a methodology, but
also ensure that the methodology is adopted and made operational at all levels of the organization.
• The use of collaborative tools facilitates project delivery, communication, and
accountability.
• Continuous refinement of project management processes improves future
results. Effective project management organizations conduct frequent, thorough reviews.
• Full-time project managers help drive success.
• Project management is a core competency, rather than a sideline activity, at
successful project management organizations.

• Among best-practice organizations, strategic alignment outweighs all other factors
in project prioritization.
• Use of company-specific methods to rank project portfolios addresses unique
needs.
• Using effective preliminary project analysis boosts strategic alignment.
• Customer satisfaction is a key stand-alone measure, rather than a byproduct of
on-time or on-budget performance.

• Best-practice organizations ensure the integrity, consistency, and comparability
of data reported in their project status reviews. They do not assess project performance in a static fashion, but instead continually re-evaluate the usefulness of their review measures.
• Best-practice organizations use simple project scorecards and dashboards to
provide fast, comparable metrics for status reporting.
• Among best-practice organizations, project managers are given authority
commensurate with their accountability for project results.

• Bausch & Lomb
• Ford Motor co. Electrical/Electronics Systems Engineering
• NASA Johnson Space Center’s Center Operations Directorate
• Raytheon Integrated Defense Systems
• Texas Instruments Business Applications, Project Execution