Report Indicates Project Resource Management, Project Success is Falling Short in the U.S.

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Results From the 2010 Project Resource Management Survey Sponsored by Cognitive Technologies, Inc. reveals insights from both upper-level executives and project managers. The report points to a decline in project success in the U.S. as well as failure by executives to truly understand how their own organizations are falling short.

U.S. companies are struggling to find balance when it comes to project resource management success.

Organizations that report project managers 'have a voice' when management wishes to move resources are more likely to report higher rates of project success.

Cognitive Technologies– a consulting firm specializing in project management, collaborative processes, and organizational effectiveness for federal and state government and Fortune 1000 companies – publicly released the findings of their annual Project Resource Management survey of project-centric U.S. organizations this week at the PMO Symposium in Dallas. Among the findings, the 2010 survey results confirmed a discrepancy between how upper-level executives and project management practitioners view resources management and how they perceive project success.

The full report on the findings, which can be downloaded at http://www.cognitive-technologies.com, also reveals the following project resource insights:

-- Organizations with higher project success rates are more likely to have standardized resource management tools and are more likely to believe their tools provide sufficient and timely information.

-- Upper-level executives are more likely to believe projects are more successful than their project management counterparts believe.

-- Executives are more likely to view project resource management-related challenges as less severe than project managers view them.

-- Executives in 2010 are less optimistic and more educated about current resource management challenges and processes than in 2009.

-- Respondents in 2010 ranked their projects as being less successful on average than respondents in 2009.

-- Larger organizations are more likely to have more sophisticated tools and processes, but are also more likely to experience project resource management challenges.

-- Organizations with fewer people working on projects are better able to track and status projects at the task level and are more likely to use past project data when planning future projects.

-- Since 2009, large organizations have decreased use of past project data when planning future projects and are now more likely to reallocate resources without permission from existing projects.

-- Organizations experiencing fewer resource management challenges are significantly more likely to employ standardized resource management tools and processes.

-- Organizations that report project managers “have a voice” when management wishes to move resources are more likely to report higher rates of project success.

One notable difference on this year’s results from last year, was an improved awareness of resource management challenges company-wide. This signifies that resource management has become a more conspicuous issue, and one that organizations are beginning to recognize to a greater degree.

However, while organizations in 2010 are more aware of resources management challenges than in 2009, there has been little to no improvement in the resources management processes employed. This year, organizations reported lower rates of project success, were more likely to agree that project managers struggle to find available resources, and exhibited higher levels of internal competition between managers for available resources.

“This report shows that, while project resource management is gaining respect, there is plenty of room for improvement,” states Bruce A. McGraw, PMP and executive vice president of Cognitive Technologies. “Organizations that embrace and employ mature resource management processes are succeeding, but those organizations are still outnumbered. On average, resource allocation is ad hoc at best – with little tool standardization and even less standardization of tool usage.”

About the Survey
This is the second annual Project Resource Management Survey that Cognitive Technologies has publically released. The 2010 Project Resource Management Survey included both upper-level executives (49 percent of respondents) and project management practitioners (46 percent of respondents) in the United States. A total of 250 complete surveys were analyzed. Of the responding organizations, more than 80 percent classified themselves as commercial companies (44 percent commercially public, 39 percent commercially private) and nearly half (44 percent) report annual revenues of more than $1 billion. The top four most represented industries were: Financial Services, IT/Technology, Healthcare/Pharmaceuticals and Consulting.

About Cognitive Technologies
Cognitive Technologies, Inc. is a certified WBE/DBE consulting firm specializing in project management, collaborative processes, and organizational effectiveness. Cognitive delivers appropriate solutions to improve the performance of business units through the application of expertise in projects, people and technology. We are a certified Microsoft Partner. Visit our blog at http://www.fearnoproject.com and connect with us on LinkedIn and Twitter (@cogtechinc).

Download the full report
The entire report can be downloaded at http://www.cognitive-technologies.com.

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LuAnn Glowacz

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