PMI Champions New Era Of Project Success

Project Management Institute (PMI) has launched the most ambitious research initiative in its 55-year history.

In a statement, PMI said it aims to ignite a global movement by shifting the focus from traditional metrics like schedule, budget, and scope to a broader perspective that prioritises stakeholder value and accountability.

The statement said, “The research unveils a new definition of project success: successful projects deliver value that justifies the effort and expense. This broader definition incorporates hard facts and perception, igniting a major shift in how project professionals should view their roles.”

Also speaking about the project, President and CEO of PMI, Pierre Le Manh, said, “This is about going beyond project management success to project success simply. We must take accountability beyond the technical side of our work. The research shows that what truly matters is how stakeholders perceive the value of a project relative to what it took to get there.

Our profession must embrace this shift and hold ourselves accountable for the ultimate success of the projects we lead, not just their proper management. Recognition and career opportunities will follow when we are seen as the key drivers of this value, especially as AI automates more tasks.”