Editor’s Note: 
PMI global study shows that companies and specifically executive leaders underestimate the importance of applying efficient project management practices to drive successful implementation of business strategies. As a result, organizations waste resources and billions of Euros per year that can be invested to gain competitive advantage and increase shareholders’ value. I believe that we have a duty as project managers to bring awareness to our organizations on this topic. It is vital to communicate effectively that managing projects following international standards and frameworks will increase the chance to achieve our project targets in terms of budget, scope, time and benefits.

In few words, a proper planning of our projects is the need of the time. Benjamin Franklin, former American president, once said: “By failing to prepare, you are preparing to fail’’.