03/30/2021

Weekly Now: Surprise! Projects Get More Efficient Amid Pandemic

March 30, 2021

Despite the challenges of the past year, there’s an unexpected benefit: Many organizations have implemented big projects successfully and with surprising efficiency, a recent report suggests.

According to the latest version of the Pulse of the Profession report by the Project Management Institute (PMI), nearly three quarters of organizations (73 percent) met their business goals with their most recent projects, an increase from the prior year (69 percent). Projects were also more likely to be on budget and on time, leading to less wasted investment overall—waste fell from 11.4 percent to 9.4 percent.

Perhaps the secret to the success of these projects is that project managers were less boxed in. Nearly a third reported using all available means to complete a project—a characteristic of what PMI called “gymnastic enterprises.”

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