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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
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Tell me and I’ll forget. Teach me and I’ll remember. Involve me and I’ll learn - Benjamin Franklin
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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 %
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What HR Wants Involve us in your strategic planning, defining your goals and objectives Improve communication Increase collaboration
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What Business Leaders Think More alignment between HR and strategic initiatives needed Streamline hiring processes Improve skills management, planning and resourcing
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Impact talent management strategies needed 17 % Said 40 % Said talent deficiencies hamper strategy implementation
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Agreement Executives HR
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People Are Hard CLOSED
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Getting Talent Right Better project performance Broader competitive advantage More engaged and loyal staff Greater financial returns
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Tell A Different Story Tell me a story, and I’ll listen.
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Tell a Different Story
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Shell Project Academy
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Foundation Core Focus Leadership & People Toolbox
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What Executives Are Saying success depends on having people with the right skills 95 % Say
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Impact: Adapt or Fail
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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
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Competition Will Be Fierce!
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Sleepless in the C-Suite 93 % Recognize the need to change 61 % have not done anything about it
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What to do #1: Align Talent to Business Strategy PMO’s Talent Management Business Objectives
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What to do #2: Align PMO with Human Resources
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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
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The PMI Talent Triangle
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What to do #3: Take it to the CEO 23 What profession DOESN’T want to get in front of the CEO?
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PMI 2007 Study Half of CEOs said they were spending 20% of their time on talent concerns
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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
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Change in HR Practices
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What You Bring to the Table
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Where We Can Get Better A stronger alignment between organisational strategy and talent management strategy
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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: 150325-2 Provider Name: PMI United Kingdom Chapter Provider Id: C075
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