Benchmarking takes on greater urgency as competition heats up.
Every organization wants to know how its PM practice compares with others in the same industry. Just calling yourself “world class” doesn’t make you so unless you’ve got some data to back it up. With the recent acquisition of Human Systems International by the Project Management Institute (PMI)®, benchmarking will now be placed into the forefront for many organizations. It will provide them with an opportunity to see just how really “good” they are and PMI will be front and center in the practice. One thought: Why benchmark your project management practices against your competitors? Why not, as James P. Womack and Daniel T. Jones write in their classic book, "Lean Thinking," benchmark yourself against perfection? No one is offering that service yet!
ESI International’s top 10 trends in project management highlight the need for leadership within projects, whether agile or Waterfall. They also discuss the challenges associated with finding qualified PMs, and finding the right balance of PM approaches in this evolving industry. ESI International’s top 10 trends in project management were identified by a global panel of ESI senior executives and subject matter experts.