Ricardo plc Joins Project Management Institute’s Global Executive Council

Ricardo plc Joins Project Management Institute’s Global Executive Council
19 October 2010

Project Management Institute (PMI), the world’s leading project management member association, announces that Ricardo plc has been appointed to the PMI® Global Executive Council.

As a Council member, Ricardo plc joins an elite group of industry-leading decision makers that are using project management to identify opportunities for process improvements in project, program and portfolio management; exchange best practices; and increase the percentage of successful project-related investments within their own organizations.

“We are delighted to join the PMI Global Executive Council,” said Mark Garrett, Ricardo plc chief operating officer. “Reviewing research, exchanging benchmarking data, and sharing best practices with this premier group of market-leading organizations will ultimately deliver both client and shareholder value that leads to long-term results.”

“Performance is a key element of Ricardo’s strategic vision,” said Fred Payne, vice president and global program management director, the company’s representative on the Council and member of the Research Advisory Committee. “Our membership in the PMI Global Executive Council demonstrates our company’s commitment to excellence in program performance.”

The organizations approved for participation in The Council are sufficiently mature and credible in their Organizational Project Management (OPM) practices, and actively utilize and promote PMI standards, programs and services.
Like all participants in PMI’s Global Executive Council, Ricardo plc represents a dedicated group of professionals committed to advancing their organization’s project, program and portfolio management capabilities in order to achieve business results. Council members serve as global advocates and ambassadors for all project management practitioners and aim to create new standards of organizational project management.

“Today’s organizations, more than ever, need to ensure key projects deliver expected results. The critical focus on strategic change, accountability, transparency, and execution all point to the need for excellence in project, program and portfolio management.” said Gregory Balestrero, president and CEO of PMI.  “The executives participating in the Council work for global market leaders who are depending on PMI to help them analyze critical research, benchmark best practices, share data and work on critical solutions that will drive continued business success.”

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