Appendix Portfolio Management and Software – The European Perspective The purpose of the European Appendix is to see if there was a greater adoption rate and any further insights into Portfolio Management and Software in Europe. Summary 133 respondents within Europe provided information about their PfM practices. Adoption in Europe is 54% which is in line with the global benchmark of previous years and is slightly higher than the 53% adoption rate from this year’s global survey. Themes which emerged in Europe echoed the Global picture. What was striking amongst European respondents was how critical the role of prioritisation criteria played. Key Finding: Organisations that adopt portfolio management can experience greater satisfaction in their project performance. The positive effects of PfM can be seen Figure 30: Adoption of Portfolio Management by Industry in user satisfaction with each of five key indicators of performance and on additional characteristics of project management (Governance, Risk Management, Resource Management, and Change Control). Overall portfolio management leads to overall higher satisfaction with project performance; however, the European data showed different aspects of improved satisfaction in project performance in portfolios of different sizes of value: • Less than $1M: projects performed better on delivering project quality when using PfM. However, for smaller portfolios (less than 20 projects) the results were more marked where, the use of PfM can improve satisfaction with project performance to deliver on schedule and realizing business benefits. • Between $1M and $10M: (or portfolios of between 20 and 100 projects) PfM can improve satisfaction on project performance on schedule, and on budget. • Greater than $10M: there was improved performance on budget, on delivery of scope and quality when using PfM. 32 Insights and trends: Current Portfolio, Programme and Project Management Practices