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Building more agile project management offices

Written by Fcw
management_outlook
  • Fcw
  • 3 years ago

management_outlook

While completing projects on time and on budget is a priority for federal project management offices (PMOs), business partner satisfaction often suffers. In fact, CEB research found that, in both the public and private sectors, 70 percent of projects are delivered according to the original budget and deadline, but only 38 percent meet stakeholders’ expectations.

Furthermore, our research determined that most PMOs have a significant percentage of portfolio value that is at risk due to troubled projects. In addition, a Government Accountability Office audit determined that federal CIO risk ratings are often inconsistent with the actual risk profiles of their projects, suggesting that many “low-risk” federal projects are misclassified.

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