About the report
This report represents the findings from an online survey of 19 questions posed to portfolio management leaders, executives and project managers from August 2022 through December 2022. This report was conducted by KeyedIn, a leading provider of project portfolio management software and services. A total of 121 individuals representing project and portfolio management functions within enterprise organizations, responded to the survey. Findings presented represent responses from individuals across 20 industry verticals, primarily located in the United States, Canada and the United Kingdom. This study was not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.
For more information regarding the survey, please contact KeyedIn at email@example.com.
The past couple of years has brought attention to the changing role of the Project Management Office (PMO) and the pandemic shifted many business priorities that the PMO was expected to respond to. This shift required PMOs to go from being the project police focused on tracking, monitoring and reporting to managing and prioritizing real business outcomes even as initiatives shifted.
The PMO has been front and center in delivering that change for organizations and if there is a common theme over the past couple of years – it is just that, change! The thing is, that isn’t going away and PMOs and organizations are having to continuously adapt to change or they will be left behind.
In this survey, a number of alarming statistics came to light including:
- 92% of projects are not very well aligned with strategic business priorities
- 51% of project practitioners aren’t using strategic insights to drive project prioritization
- 58% of project practitioners have had a project fail in the past year
- 57% of PMO leaders cite the reluctance to change hindering their efforts to improve the function of the PMO
The goal of this report is to analyze the data presented by those in the field to create a depiction of what the industry is experiencing as well as what we can expect for PMOs in the coming year. The facts and opinions covered in this report are designed to help benchmark industry standards and provide insight into current challenges. As the practice of project and portfolio management changes to meet rising business demands, we are committed to the support and betterment of project, program, product, and portfolio management.