Project Management Institute Annual Research Report (2012)
Reveals Importance and Value of Organizational Agility
By Dr. Nick Horney, Ph.D.
Principal, Agility Consulting
To compete successfully, organizations need to be able to scan their environments, identify relevant opportunities and threats, design responses that will satisfy customers in ways that competitors can't easily imitate, and ensure that these plans are implemented successfully and have the desired impact. Organizations that are strategically agile are more effective at managing change through portfolio, program and project management.
The Project Management Institute's recent research revealed an exceptionally strong relationship between organizational agility and the capability of organizations to manage change through a dynamic and disciplined approach to portfolio, program and project management. PMI's 2012 Pulse of the Profession In-Depth Report: Organizational Agility, focused on how organizational agility impacts success and how to increase that agility (based on a global study of more than 1,000 project, program and portfolio managers). According to PMI, to forge organizational agility, successful organizations are aggressively reshaping their culture and business practices on a three-pronged front:
· Rigorous change management to better adapt to shifting market conditions
· More collaborative and robust risk management
· Increased use of standardized project, program and portfolio practices
Since the publication of my book on Project Change Management in 2000
and our focus on organizational agility since 2001, the world has continued to become more turbulent. Contact me to discuss how you can effectively integrate best practices in organizational agility, change management and project management.
The report reveals a clear payoff: Highly agile organizations are twice as likely to see increased success with their new initiatives as their counterparts with low agility. >>READ MORE