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Do you wonder what are the top reasons why
large projects in the financial industry fail to meet budgets, schedules, and
other key performance criteria? Being able to answer this question can provide
important insight and value of good project management practices for your
organization.
According to 400 senior executives who participated
in a new survey conducted by the Economist Intelligence Unit and sponsored by
Oracle, unrealistic project goals is the main reason for roadblocks to success
Other common stumbling blocks are poor alignment between project and
organizational goals, inadequate human resources, lack of strong leadership,
and unwillingness among team members to point out problems.
This survey sample also had a lot to say about the impact of regulatory compliance on the overall portfolio management process. Thirty-nine percent
acknowledged that regulations enabled efficient functioning of their
businesses. But a similar number said that regulations often require more
financial resources than were originally allocated to bring projects in on
time. Regulations were seen by 35 percent of the executives as roadblocks to
their ability to invest in the organization’s growth and success.
These revelations among others are discussed in depth in a new on-demand
Webcast titled “Too Good to Fail: Developing Project Management Expertise in Financial Services” now available from Oracle.
The Webcast features Brian Gardner, editor of the Economist Intelligence Unit,
who presents these findings from this survey along with Guy Barlow, director of
industry strategy for Oracle Primavera. Together,
they analyze what the numbers mean for project and program managers and the
financial services industry. Register today to watch the on-demand
Webcast and get a full rundown and analysis of the survey results. Take the Economist Intelligence Unit
benchmarking survey and see how your views compare with those of
other financial services industry executives in ensuring project success.
Read more in the October Edition of the quarterly Information InDepth EPPM Newsletter
