The latest Pulse of the Profession® research was designed to explore the connections between power skills and project success.
A number of compelling links are revealed in the results. According to 92% of respondents, power skills enable them to work smarter.
Organizations that prioritize power skills see higher levels of project management maturity, benefits realization maturity, and organizational agility.
To achieve organizational goals, project professionals must master communication, problem-solving, collaborative leadership, and strategic thinking.
Additionally, the report identifies ways for organizations to leverage these connections and increase project success and value.
Power skills are usually not assessed in performance evaluations of project managers or teams, for example, and organizations spend just about a quarter of their training budget on power skills.
When power skills are an organizational priority — communicated clearly by leadership and reinforced through professional development offerings and individual and team assessments — organizations can expect better project performance.
The PMI Pulse of the Profession 2023 report is a comprehensive and detailed analysis of the current state of the Project Management industry. The report provides insight into the key trends, challenges, and opportunities that the industry is facing.
The PMI Pulse of the Profession 2023 provides an overview of the current global economic, political, and technological context, and highlights key findings from the report.
It includes an analysis of the global macroeconomic situation, the changing nature of work, and the changing role of project management.
It also examines the opportunities, challenges, and risks facing organizations as they move forward in a more complex and challenging business environment.
The PMI defines power skills as abilities and behaviors that facilitate working with others and contribute to project professionals' success. They may also be referred to as "soft skills" or "interpersonal skills" by some individuals and organizations.
It symbolizes the value these abilities and behaviors bring to project professionals, teams, and organizations. Any professional's toolkit must include power skills through this new lens.
The report also offers a look at the impact of digital transformation on the project management profession and explores the key trends and challenges organizations need to be prepared for in an increasingly digital and technology-driven world.
It includes a review of emerging technologies, such as AI and machine learning, and the implications of these advancements on the industry.
The report also provides an overview of the global project management industry and highlights the key trends and opportunities that organizations should be aware of in order to ensure long-term success. It identifies the most important skillsets and abilities that organizations must develop in order to remain competitive in the future.
Finally, the report offers insights into the future of the project management profession, highlighting the key challenges and opportunities that organizations should prepare for in order to remain competitive.
It also provides recommendations and strategies for organizations to better prepare for the future of the work.
To understand what drives project value delivery and success, PMI analyzed data from nearly 3,500 project professionals who responded to the Annual PMI Global Survey on Project Management.
Benefits realization management (BRM) maturity, organizational agility, and project management maturity emerged as top drivers of project success, alongside other factors.
But what are the main recommendations?
• Develop the right skillsets and abilities to remain competitive in the future.
• Understand the implications of emerging technologies on the industry.
• Implement effective project management processes to improve organizational agility.
• Invest in power skill development and prove its value to organizations.
• Utilize the latest technologies and innovations to improve project success.
• Leverage data-driven decision-making to enhance project outcomes
In conclusion, the PMI Pulse of the Profession 2023 report provides an in-depth look at the current state of the project management industry and offers insight into the key trends, challenges, and opportunities that organizations need to be aware of in order to remain competitive in a changing business environment.
It highlights the importance of developing the right skillsets and abilities in order to remain competitive in the future, as well as the importance of understanding emerging technologies and their implications on the industry.
Finally, the report offers a look into the future of the project management profession and provides recommendations and strategies for organizations to better prepare for the future.
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