We came across a good article by Tim Wasserman for Computer Weekly , he writes: The most effective project management organisations spend most of their time and resources on relationships and minimal time on tasks. Traditionally, project management organisations (PMOs) are perceived as something between a totally tactical execution arm and an overhead cost that doesn’t deliver much. Unfortunately, this perception is a common mistake among senior leaders and leads to misalignment in the organisation, which ultimately affects strategy execution.
If this is your current situation, you’re not alone. According to a recent study by The Economist Intelligence Unit, only 56% of strategic initiatives are successful, and only 9% of the firms surveyed rated themselves as excellent on successful execution. Meanwhile, PMI’s Pulse of the Profession reports that 88% of executives agreed on the importance of strategy. However, a lack of alignment between projects and organisational strategy was said to lead to failure 44% of the time. SNIP, the article continues @ Computer Weekly, click here to continue reading……