07 Nov 2019

The Future of Project Management: Global Outlook 2019

IPMA, KPMG, report, future of project management, global, survey

The Future of Project Management: Global Outlook 2019
The 2019 Australian Institute of Project Management (AIPM), KPMG and International Project Management Association (IPMA) survey findings provide perspectives on current trends and practices in project and program management globally, as well as insights into the challenges the project management community faces as we look to the future.
 

The demands of connected and digital organisations operating in disrupted and rapidly changing landscapes, dominated by challenges of speed of integration, are applying new levels of challenge to project and program management across the world.

The 2019 Australian Institute of Project Management (AIPM), KPMG and International Project Management Association (IPMA) research survey reveals that the future of Project Management lies in how the profession responds to these challenges.

The survey results reflect the views of project practitioners from around the world who are at the coalface of delivery and provides insights into what is working, and what is not, in the project management market globally today.

Key findings

Organisations globally continue to find it difficult to deliver projects that meet all objectives around the iron triangle of time, cost and scope, along with achieving stakeholder satisfaction.

Our survey results point to challenges in applying consistent governance oversight, focus on managing benefits and managing change through the project lifecycle.
  • 19 percent of organisations deliver successful projects, at least most of the time
  • 44 percent of organisations are likely to deliver projects that meet original goal and business intent
  • 30 percent of organisations are likely to deliver projects that are on time
  • 36 percent of organisations are likely to deliver projects that are on budget
  • 46 percent of projects are delivered with stakeholder satisfaction.

Where to go from here?

In an environment of constant change and upheaval, successful organisations must be able to adapt and implement quickly, demanding more of Project Managers than ever before. To improve the percentage of projects and programs delivering to full success, survey findings suggest there are some key areas to address:
  • Organisations need to invest in building an agile delivery mindset that works for their unique circumstances.
  • The future Project Manager needs to become increasingly strategic and connected, developing skills beyond traditional project management practices, such as change management. Greater emphasis on aligning organisational change management capability with project delivery capability is required.
  • Organisations need to double down on commitment to project and program governance to see improved returns on investment. Critical governance activities such as risk identification and escalation need to be followed through with senior commitment and engagement. 
  • PMOs need to focus on facilitating effective decision-making including prioritisation of investment and agility to adapt to the changing strategic requirements of the business.
  • Investment in new technologies such as collaboration tools and artificial intelligence is needed to enable quicker and more effective use of project management data to support decision-making.

Further reading

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