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Enterprise Project Portfolio Management Edition
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Survey Probes the Project Management Concerns of Financial Services Executives

What are the top reasons why large projects in the financial industry fail to meet budgets, schedules, and other key performance criteria? Unrealistic project goals are the roadblocks to success, according to 400 senior executives who participated in a new survey conducted by the Economist Intelligence Unit and sponsored by Oracle.

Other common stumbling blocks are poor alignment between project and organizational goals, inadequate human resources, lack of strong leadership, and unwillingness among team members to point out problems.

These revelations are discussed in depth in a new on-demand Webcast titled “Too Good to Fail: Developing Project Management Expertise in Financial Services” now available from Oracle.

The Webcast features Brian Gardner, editor of the Economist Intelligence Unit, who presents these findings along with Guy Barlow, director of industry strategy for Oracle's Primavera. Together, they analyze what the numbers mean for project and program managers and the financial services industry.

Regulatory Concerns
The survey also provides some important insights into the value of good project management practices. For example, the survey participants were asked to name the benefits that financial services organizations see when they’re able to identify and address project failures early in the project delivery process. Sixty-one percent said timely information about failures enabled them to use limited resources more effectively. The executives also cited better on-time and on-budget project success rates and the ability to gain a competitive advantage over their peers thanks to these early insights.

The survey sample also had a lot to say about the impact of regulatory compliance on the overall portfolio management process. Thirty-nine percent acknowledged that regulations enabled efficient functioning of their businesses. But a similar number said that regulations often require more financial resources than were originally allocated to bring projects in on time. Regulations were seen by 35 percent of the executives as roadblocks to their ability to invest in the organization’s growth and success.

Regulatory concerns surfaced in other responses, as well. When asked what they considered to be the main barriers to effective risk management in their organizations, 39 percent cited uncertainty over future regulations, while 36 percent blamed poor communications across departments.

Register today to watch the on-demand Webcast and get a full rundown and analysis of the survey results.

Take the Economist Intelligence Unit benchmarking survey and see how your views compare with those of other financial services industry executives in ensuring project success.


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