Securing Aviation Avionics

Project management is crucial in bringing order to the chaos of business operation. Projects require resources with the appropriate skills, motivation and leadership to succeed. Organizations are seeking structured project management to solve the chronically late and over budget projects. A study by KPMG NZ of 200 businesses with average project budget of 15 million in 2010 and 2012 is signaling a failure in project management implementation. In 2012, KPMG's study indicated a 15% drop in projects successfully completed consistently on budget. Project success rate dropped to 33% down from 48% in 2010. Projects successfully completed on time also dropped to 29% down from 33% in 2010 (KPMG NZ, 2013). The quality and performance of the talent have a direct impact on the success of projects and ultimately the organization (Project Management Institute, 2013). The biggest contributing factors to delayed or late projects are caused by lack of resources (32.6%), not enough time (29.9%), too many interruptions (35.2%) and Changing priorities (25.2%) (AtTask, 2013). The more than 500 experts responding to the AtTask study paint a bleak image of the underlying causes of chronic project failures. Improper project management significantly impacts staff motivation, productivity and performance. A guide to leading and motivating highly driven professionals explores the needs of the human capital and the results of poor project management.