For the first time in five years, more projects are meeting original goals and business intent and being completed within budget, according to Project Management Institute’s (PMI) latest research in project and program results.
The research also says while this progress is likely due to many factors, the presentation identified the organisational investments that PMI research shows helps organisations achieve their strategic initiatives and realise their business goals.
“You will learn what those organisations we identify as Champions do that differentiates them from underperformers,” says Mark Dickson, the Chair of PMI’s 2017 Board of Directors. He was speaking during the PMI’s 4th Annual International Symposium for Project Management.
The three-day event starting from 14th August has attracted a host of international delegates and speakers, is held in Connexion Conference & Event Centre (CCEC @ Nexus), Bangsar South, Kuala Lumpur.
PMIMY which was founded in 1994, is the local chapter of PMI which is headquartered in Philadelphia, Pennsylvania, United States of America. PMIMY is also the oldest chapter in Southeast Asia. PMI is the world’s leading not-for-profit professional membership association for the project management profession.
In view of the current challenging economic environment, the theme of this year’s event is Project Management Leadership for Change and Survival. PMIMY hopes to impart valuable insights and knowledge to the participants through notable leaders from various industries. This marks the first ever visit to Malaysia by the Sitting Chair of PMI Global Board while on their official capacity.
Dickson, who is based in Australia, also met the Malaysian community and local Chapter leaders who made the Malaysian Chapter the award-winning chapter in the APAC Region. Recently, the Malaysian Chapter was one of three to receive the accolade of Best Improvement in Retention Rate, Jan-Jun 2017 for Asia Pacific.
“Global project management excellence and delivering value to more than 2.9 million professionals worldwide is our main goal”, stressed Dickson.
He went on to add, “We are encouraged to see that organisations are making significant progress and experiencing more success with implementing strategic initiatives and delivering intended project benefits. We have long advocated that project management is essential for any organisation’s success and are excited that others are increasingly realizing this fact as well. Organisations that invest in proven project management practices waste 28 times less money because more of their strategic initiatives are completed successfully. International Symposiums are one of the ways that we share valuable knowledge on a national and regional level”.
PMIMY’s mission is to advocate and advance project management excellence and discipline in Malaysia. A non-profit organisation fully run by volunteers, PMIMY has close to 1,000 members as of August 2017, which is a staggering 80% increase in the last 2 years. The activities undertaken by PMIMY in past 24 months include outreach programs in Bank Negara, Shell IT Cyberjaya, Gamuda Corporation among others. PMIMY has also participated in consecutive Malaysia International Building Construction and Infrastructure Technology Exhibition in KLCC since 2016.