Do you ever wonder whether or not using the proper project management approach is worth the time and effort? I mean wouldn’t it be easier to just dive in to what you have to do and get it over with?Â
Not according to a landmark study commissioned by the Project Management Institute (the world’s leading non-profit association for project management individuals). The results, delivered at the 2008 PMI Research Conference in Warsaw, Poland, strongly show that using project management techniques lead to a greater level of satisfaction with the project results, a higher degree of alignment between project goals and the business objectives of the company, more consistent methods that make it easier for senior management to keep track of what’s happening, realization of more tangible and intangible benefits due to a higher level of creativity and innovation, and a greater probability of a ‘successful’ project (on time, on budget).Â
Factors that worked against projects being successful included changes in personnel who drive the project, lack of focus or will to do the project on the part of the project team, over bureaucratization of the project process, and poor alignment of goals between the project team and the managers the project is being done for.Â
I guess none of this should be too surprising but in today’s world, where speed is everything and all projects need to be done yesterday, it is refreshing to know that there is some definitive proof that doing things right is more effective than just doing things. It’s particularly telling that the study was not just based on multi-year, mega projects but included projects of varying size and complexity. It’s true in tennis and it’s true in managing projects – form is important.Â
For more details on the report, go to http://www.pmi.org/Value/default.htm for more info and a video of the full presentation. The research monogram is available for pre-order from http://www.pmi.org/Marketplace/Pages/ProductDetail.aspx?GMProduct=00101065301. PMI members will receive a special four page synopsis with the August issues of PM Network and PMI today.  Â