PMI Pulse of the Profession Report – 2019 / 2020 Highlights

The PMI released the PMI Pulse of the Profession report in 2019 / 2020. Here are the key points according to the PMI report.

Organizations wasted almost 12 percent of their investment in project spend last year due to poor performance
Most projects will be tied to technology
They have added a “technology quotient” to their report. It’s referred to as “Project Management Technology Quotient” (PMTQ). PMI defines it as “TQ, or technology quotient is a person’s ability to adapt, manage and integrate technology based on the needs of the organization or the project at hand.”
Work is transforming where people are working on “portfolio of projects”
85 percent of respondents in PwC’s 2019 CEO survey say AI “will significantly change the way they do business in the next five years.”
A high PMTQ is defined by (1) Always-on curiosity, (2) All-inclusive leadership, and (3) A future-proof talent pool.
Data from PMI and Forbes Insights’ The C-Suite Outlook show that while nearly 80 percent of organizations have undergone a significant transformation using disruptive technology, only about 25 percent of those initiatives have yielded tangible benefits realized against their original goals.
The new professional reality demands a combination of technical and project management skills, leadership skills and strategic and business management skills— along with the ability to learn and keep pace with technology.
and more

The report also highlights some of the process and project management capabilities that Pulse data show PMTQ Innovators rely on. They are: