The Project Success Scan showed that in 65% of the recorded projects, there is no support or active promotion by top management. See related posts.
A recent report “Executive sponsor engagement, top driver of project and programme success” from PMI and BCG uncovers three primary factors that can limit or inhibit sponsors’ ability to be effective: an organizational culture that leads to sponsors being overextended; inefficient communication; and lack of professional development of sponsors.
This PMI’s Pulse of the Profession In-Depth Report addresses these factors and used feedback from 897 project management professionals and 232 project executive sponsors.
Some key takeaways that lead to better project outcomes:
The areas where executive sponsors most help projects and programmes:
- Rallying support of senior management;
- Intervention on escalated issues;
- Removal of roadblocks;
- Stakeholder management;
- Championing the project.
The most important project sponsor skills:
- The ability to influence stakeholders;
- The ability to work across different stakeholder groups to find win-win solutions;
- Decision making;
- Effective communications.
Definitely a must read for project executives and project / programme managers.
To download the report, follow the link to PMI’s website: Executive sponsor engagement