Morshona Australian Perspective on current trends and practices in project management is looking favourable, as well as insights into the challenges the project management community faces as we look into the future.
The outlook on project management
The demands of connected and digital businesses operating in disrupted and rapidly changing environment, dominated by challenges of speed of integration, are applying fresh levels of challenge to project management across Australia.
Morshona views gathered from some of the elite project practitioners from around Australia who are at the shaft of delivery and provides insights into what is working, and what is not, in the project management market in Australia today.
Key points
Businesses in Australia continue to find it difficult to deliver projects that meet all objectives around time, cost and scope, along with achieving interested party satisfaction.
The outcomes point to the challenges in applying consistent governance oversight, focus on managing benefits and managing change through the project lifecycle.
About 20 percent of businesses deliver successful projects, at least most of the time
Around 45 percent of businesses are likely to deliver projects that meet original goal and organisation intent
Near 31 percent of businesses are likely to deliver projects that are on time
Close to 38 percent of businesses are likely to deliver projects that are on budget
Roughly, close to 47 percent of projects are delivered with interested party satisfaction.
Where is the Roadmap from here?
In an environment where change is constant and disturbance, successful businesses must be able to adapt and implement quickly, demanding more of Project Managers than ever before. To improve the percentage of projects delivering to full success, review findings suggest there are some key areas to address:
Businesses need to invest in building an agile delivery mindset that works for their unique circumstances.
Project Manager needs to become increasingly strategic and connected to the businesses, developing skills beyond traditional project management practices, such as change management. Greater emphasis on aligning organisational change management capability with project delivery capability is required.
Businesses need to wash down on commitment not that it’s not important but to project governance to see improved returns on investment. Critical governance activities such as risk identification and escalation need to be followed through with senior commitment and engagement.
Project management officers need to focus on facilitating effective decision-making including prioritisation of investment and agility to adapt to the changing strategic requirements of the business.
Investment in new technologies such as collaboration tools and artificial intelligence is needed to enable quicker and more effective use of project management data to support decision-making.
For more information on Project and Change management, talk to Morshona’s Project management and Change Advisory team.
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