Project Management Changing: 12 Stats That May Surprise You

The project management landscape is changing with an increased emphasis on productivity, reporting, and information technology. Below are a dozen statistics that reveal how project management has changed and is performing across various industries over the last 5 years.

  1. An astounding 97% of organizations believe project management is critical to business performance and organizational success. (PricewaterhouseCoopers)
  2.  The healthcare industry is projected to increase project management roles by 30%, a higher growth rate than any current project intensive industry between 2010 and 2020. (Project Management Institute)
  3. One-third of all projects were successfully completed on time and on budget over the past year. (Standish Group) 80% of “high-performing” projects are led by a certified project manager. (PricewaterhouseCoopers, Insights and Trends: Current Programme and Project Management Practices 2012)
  4. 44% of project managers use no software, even though PWC found that the use of commercially available PM software increases performance and satisfaction. (Pricewaterhouse Coopers)
  5. The average large IT project runs 45% over budget, 7% over time, and delivers 56% less value than expected. (Project Management Institute: Pulse of the Profession 2015)
  6. 60% of companies don’t measure ROI on projects. (KPMG New Zealand: Project Management Survey 2010)
  7. The United States economy loses $50-$150 billion per year due to failed IT projects. (Gallup Business Review)
  8. In just a 12-month period 49% of organizations had suffered a recent project failure. In the same period, only 2% of organizations reported that all of their projects achieved the desired benefits. 86% of organizations reported a shortfall of at least 25% of targeted benefits across their portfolio of projects and many organizations failed to measure benefits so they are unaware of their true status in terms of benefits realization. (KPMG – Global IT Project Management Survey)
  9. More than one in 3 (34%) projects have no baseline. (Wellingtone)
  10. For every $1 billion invested in the United States, $122 million was wasted due to lacking project performance. (PMI.org)
  11. 80% of project management executives don’t know how their projects align with their company’s business strategy. (Changepoint)

Businesses identified “capturing time/costs against projects” as their biggest project management challenge. (The Access Group)

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Bridget Waller

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