Global business leaders lack confidence in their ability to successfully navigate digital transformation. They also face barriers to building agile operations including a disconnect between project managers and executives, a lack of transparency, poor communication and reliance on spreadsheets.
Those are among the key findings of a new study by Changepoint, a provider of software including project and portfolio management applications. The company surveyed 1,257 project managers and executives at mid-sized and large organizations worldwide.
While C-level executives are concerned with disruptive new competitors, only 10% of survey respondents are confident they can pivot their business if needed.
This struggle is made more challenging by a disconnect between project managers and executives, the report notes. More than half of respondents (53%) acknowledge being unsure of their corporate objectives and values. Half of the respondents cited poor communications between and within departments as the most difficult aspect of managing teams.
Survey respondents said the most pervasive and prevalent barriers to agility include a lack of real-time transparency into projects (41%) and resources (49%), and over-reliance on manual reporting such as spreadsheets (75%).
Despite a surge in business communication products, nearly one-third (31%) of survey respondents say they lack tools for managing better communication across teams and projects, the report says. And nearly half (49%) cite communication as the most difficult aspect of managing a project.
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