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Making project management indispensable for business results.® Beth Partleton, PMP, 2013 PMI Board of Directors Talent Management: A Strategic Imperative.

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Presentation on theme: "Making project management indispensable for business results.® Beth Partleton, PMP, 2013 PMI Board of Directors Talent Management: A Strategic Imperative."— Presentation transcript:

1 Making project management indispensable for business results.® Beth Partleton, PMP, 2013 PMI Board of Directors Talent Management: A Strategic Imperative Presented to: PMI UK Project Challenge Expo 25 March 2015

2 Tell me and I’ll forget. Teach me and I’ll remember. Involve me and I’ll learn - Benjamin Franklin

3 What the Research Tells Us Organisations with talent aligned to strategy have an average project success rate of 72% This drops to 58% for organisations that do not align talent to strategy Organisations that do it well waste 50% less. 72 % 58 % 50 %

4 What HR Wants  Involve us in your strategic planning, defining your goals and objectives  Improve communication  Increase collaboration

5 What Business Leaders Think  More alignment between HR and strategic initiatives needed  Streamline hiring processes  Improve skills management, planning and resourcing

6 Impact talent management strategies needed 17 % Said 40 % Said talent deficiencies hamper strategy implementation

7 Agreement Executives HR

8 People Are Hard CLOSED

9 Getting Talent Right  Better project performance  Broader competitive advantage  More engaged and loyal staff  Greater financial returns

10 Tell A Different Story Tell me a story, and I’ll listen.

11 Tell a Different Story

12 Shell Project Academy

13  Foundation  Core  Focus  Leadership & People  Toolbox

14 What Executives Are Saying success depends on having people with the right skills 95 % Say

15 Impact: Adapt or Fail

16 What Executives are Saying  Having the right talent will become increasingly important to strategy implementation  Improving talent processes will be the biggest challenge  Human capital will be the key source of sustained economic value

17 Competition Will Be Fierce!

18 Sleepless in the C-Suite 93 % Recognize the need to change 61 % have not done anything about it

19 What to do #1: Align Talent to Business Strategy PMO’s Talent Management Business Objectives

20 What to do #2: Align PMO with Human Resources

21 Align PMO with Human Resources  In identifying the competencies staff need  In recruiting outside talent  In developing and retaining high performers of HR professionals say they are “highly mature” % Only 25

22 The PMI Talent Triangle

23 What to do #3: Take it to the CEO 23 What profession DOESN’T want to get in front of the CEO?

24 PMI 2007 Study Half of CEOs said they were spending 20% of their time on talent concerns

25 It Will Always Be About People! Fundamentally, a programme’s success is founded on people and skills. Thus talent management is core to every successful PMO. – Tony Gayter, VP, Global Program Portfolio Management, HP

26 Change in HR Practices

27 What You Bring to the Table

28 Where We Can Get Better A stronger alignment between organisational strategy and talent management strategy

29 Continuing Certification Requirements System The PMI UK CHAPTER are pleased to announce that you can claim your 1 x PDU for attendance at this event using Category A (Courses offered by PMI’s R.E.P.s or Chapters and Communities). Find the event online at the CCRS registry and type in the Activity Name in the “Quick search box” https://ccrs.pmi.org Project Management Institute Event Details: Activity Name: Talent Management: A Strategic Imperative Activity Number: Provider Name: PMI United Kingdom Chapter Provider Id: C075


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