Benchmarking Project Management: Performance Measurement, Processes and Tools
Based on a survey of 20 organizations, this 22-slide presentation identifies how to understand project management operations at companies with renowned project management operations. Key topic areas in this study include: budget variance, schedule variance, quality measurements, methodology, project management tools and supporting systems. Companies can use this information to understand the best methods for project management and high performance rate.
Specifically, the study found that financial impact, including revenue generation and cost savings, are primary factors companies consider when prioritizing projects. While companies strive to be in the 95-100% performance range for all projects, surveyed companies have an average performance rate of 80-90% in completing on time, on budget and with benefits realized. Communication and planning factors rated as the most critical factors in causing project delay. According to surveyed companies, in-house developed processes, PMI’s Book and Design for Six Sigma are the most popular methodologies for project management.
These findings and many others came from metrics collected from Best Practices, LLC's Internet Benchmarking Exchange service.
Business Operations > Financial Management > Resource Allocation and Budgeting > Alignment with Strategic Goals
Industries Profiled:
Financial Services; Banking; Energy; Telecommunications; Aerospace; Pharmaceutical; High Tech; Computer Software; Computer Hardware; Electronics; Retail
Companies Profiled:
Bank of America; ChevronTexaco; Bell South; Boeing; Deloitte & Touche; Eli Lilly; Infosys; Microsoft; Motorola; NCR; Nortel Networks; Raytheon; Texas Instruments; Home Depot
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Business Operations > Financial Management > Resource Allocation and Budgeting > Alignment with Strategic Goals
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