44% strategic initiatives over last 3 years were not successful

44% strategic initiatives over last 3 years were not successful: PMOs play key role for implementation success.

Extract from PMI PMO Thought Leadership:

Its title, tasks and structure tends to vary, but its role is increasingly important and clear: the PMO is the engine that gets things done in organizations.  Widely known as a home for best practices and implementation of project and program management, today’s PMO has a key role in strategic success.

PMI is looking in-depth at PMOs as enablers of organizational change, logically suited to convert the energy of ideas into the currency of competitive advantage.

Why good strategies fail: Lessons for the C-suite is a report from the Economist Intelligence Unit, sponsored by PMI.

Senior executives recognize that strategy implementation is essential to competitiveness, but a majority admits to poor performance in this area.  Unfortunately, many executives ignore the problem.  Our report uncovers a range of steps to successfully manage this situation.  It examines the spectrum of opportunities connecting strategy to implementation, including the establishment of PMOs and other enablers of change and success.

© 2013 The Economist Intelligence Unit Ltd.

More … http://www.pmi.org/Knowledge-Center/PMO-Thought-Leadership.aspx