Multi-project management (MPM) faces constantly growing challenges. Properly designed strategies and the right approaches can make the difference between average and outstanding performance. The 11th Multi-Project Management Benchmarking Study (MPM Study), conducted by the Department of Technology and Innovation Management at the Technical University of Darmstadt under the leadership of Prof. Dr. Alexander Kock, has once again identified key success factors. This study ranks among the largest scientifically grounded investigations in the field of multi-project management.
Here are the three success factors that, according to the study, have the greatest impact on whether companies rank among top performers in their multi-project management:
1. Portfolio Agility
Portfolio agility refers to the ability to adjust the project portfolio flexibly and efficiently to changing conditions. In an ever-evolving business landscape, this is crucial for responding to market changes and new opportunities in a timely manner. Companies that embrace portfolio agility ensure that resources are strategically allocated to projects that deliver the greatest value.
2. Agile Culture
A value-driven work environment not only promotes individual responsibility but also enhances personal engagement among employees. Agile culture is characterized by an atmosphere of mutual respect, an open error culture, and continuous learning. This culture lays the foundation for innovative problem-solving and more effective collaboration, securing the success of both individual projects and the entire portfolio.
3. Servant Leadership
Servant leadership places the needs of employees at the forefront. Leaders support their teams in achieving their potential and put their own interests aside. This approach not only boosts employee motivation but also enhances the overall success of the project. Leaders evolve into supporters and advocates who ensure the long-term success of the organization.
A Valuable Contribution to Practice
The findings of the 11th MPM Study provide a wealth of best practices and well-founded recommendations that can help your company elevate its multi-project management to the next level. (Participation in the study is still possible. Participants receive a personalized report, including benchmarking insights comparing the state of their MPM with over 100 other organizations. Learn more about the study here.)
Translating Results into Actionable Steps
To leverage the (sometimes very complex) findings for the further development of project and portfolio management, we offer the “Insights-to-Action Workshop.” In this workshop, we select the success factors relevant to your organization and establish the groundwork for operationalization. After the workshop, actionable fields with concrete measures for advancing your project and portfolio management will be described and prioritized—a valuable next step toward more successful multi-project management.
The "Insights-to-Action Workshop" has already supported other companies, such as BIM Berliner Immobilienmanagement GmbH, during the last MPM Study in utilizing the results for their development in MPM (LinkedIn News).
The study's results clearly show that with the right strategies and consistent implementation, organizations can gain a crucial competitive advantage. Seize this opportunity to make your multi-project management future-proof and even more successful.
For further information about the study or our workshops, feel free to reach out to us—we look forward to assisting you!
