SAN DIEGO, CA--(Marketwired - November 23, 2016) - The Technology Services Industry Association (TSIA), the leading association for today's technology services organizations, has issued a new report titled "2016 Professional Services Project Performance Study Summary," co-authored by James Cho, director of research, Professional Services and Operational Best Practices, and Bo Di Muccio, vice president of research, Professional Services. This report summarizes the findings from the TSIA 2016 Professional Services Project Performance Multi-Member Study, a follow-up to five previous studies on project performance.
The full results of this report are available only to survey participants and subscribers, however this summary brings some of the key findings and benchmarks to the entire TSIA Professional Services membership. This study's purpose is to:
- Increase familiarity with TSIA's project performance data set.
- Propose a set of benchmark metrics that companies can use to gauge the performance of their projects.
- Present data of key project variables to assess their impact on standard measures of project performance.
- Re-test an ongoing hypothesis about the benefits of PMOs.
- Create a discussion around which project KPIs are most useful.
"Our core PS benchmark study, in existence and collecting data since 2005, offers TSIA members the ability to understand how their project performance compares to industry benchmarks. However, understanding our members' needs for far deeper, more detailed project performance benchmarks, we launched a period special study focused solely on project performance," state authors Cho and Di Muccio. "For this readout, TSIA has compiled the largest single project performance data set to date."
The Technology Services Industry Association (TSIA) is the world's leading organization dedicated to advancing the business of technology and services. Technology services organizations large and small look to TSIA for world-class business frameworks, best practices based on real-world results, detailed performance benchmarking, exceptional peer networking opportunities, and high-profile certification and awards programs. TSIA corporate members represent the world's top technology companies as well as scores of innovative small and mid-size businesses in four major markets: enterprise IT and telecom, consumer technology, healthcare and healthcare IT, and industrial equipment and technology. TSIA's editorial blog, Inside Technology Services, is widely recognized by technology service professionals for providing thought leadership and insights into industry trends and best practices. Visit us at www.tsia.com, follow us on Twitter @TSIACommunity, or connect with us on LinkedIn and Google+.