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Project Manager : Project Manager Oct Nov 2012
www.aipm.com.au Project Manager 41 KRC CORNER The AIPM Knowledge Research Council discusses a hot research topic: reducing the failure rate of high-cost projects. Researching success WITH INDUSTRY AND GOVERNMENT, investing billions of dollars each year in a range of projects and programs, research to improve delivery and bene t realisation has the potential to signi cantly lift Australia's productivity. is is especially pertinent to large projects, which tend to fail more often. "Large [greater than $100 million], technically complex Australian projects have a poor perfor mance record with a failure rate of more than 75 per cent," according to an analysis of more than 650 completed projects from the mid-1990s through to 2012, conducted by Independent Project Analysis Inc for the Business Council of Australia. Where the e ects of organisational comple xity are well managed, according to this research, perfor mance is enhanced by a factor of 10. Researchers from Australian universities want to play their part by providing ideas, strategies and new tools to support project management improvements and to help address the project failure rates. One initiative under way is the establishment of a research agenda that re ects the concer ns of both Australian Gover nment and industry. An upcoming special issue of the International Jour nal of Project Management on establishing an Australian agenda, due for publication in early 2013, is one step in the process. Some of the hot topics to be discussed in it are projects and programs where scale, innovation, ambiguity, uncertainty, context dynamics and the interdependence of diverse stakeholders pose challenges to conventional project ma nagement approaches; project and program leadership; and how project management education can be improved in Australia. Following an AIPM-sponsored series of Australian university researcher forums and the initiatives of the International Centre for Complex Project Management to bring industry, government and researchers together to deliver their Global Perspectives and the Strategic Agenda to 2025 (2011) Task Force Report, the momentum for collaboration is mounting. Project managers can look for ward to exciting research publications and innovative tools to support the important work of delivering projects and programs e ectively, as well as an increasing focus on high quality project and program management education. ••• DO YOU HAVE A QUESTION? Pose a question on any project management issue, current trends or a specific challenge associated with your project for the Knowledge Research Council. E: firstname.lastname@example.org You can also raise questions on the AIPM LinkedIn forum for other members to discuss and the KRC to follow up. W: www.linkedin.com/groups?gid=1952253 PROFESSOR CAROLINE HATCHER DIRECTOR, INNOVATION AND EXECUTIVE AWARD PROGRAMS QUT BUSINESS SCHOOL
Project Manager Aug Sept 2012
Project Manager Dec Jan 2013