108 Project Management Statistics to Help You Ensure Project Success

1. 108 Project Management Statistics to Help You Ensure Project Success

2. 01 Project Management Statistics on Methodology

3. According to a study by PMI,71 percent of professionals who took part in the survey use Agile project management methodology very frequently. The same study shows that PRINCE2 is not a popular project management system. Based on a global survey of project management conducted by PWC,97 percent of organizations believe that using the right project management methodology is critical in ensuring business success. 60 percent of project managers make use of a predefined project management methodology.

4. 02 Project Management Statistics on Benefits

5. Only 21 percent of organizations around the world employ standardized project management systems like Agile or waterfall. 1 out of every 6 IT projects have a cost overrun of about 200 percent. IT projects that have a budget of about $1 million have a 50/50 probability of failing. Project management software can save up to 10 minutes every day.

6. 03 Project Management Statistics on Adoption

7. 21 percent of organizations employ a standardized set of project management practices. The project management industry expects to grow by $6.61 trillion. 55 percent of project managers reported they draft a scope document before execution. 28 percent of organizations around the world use project performance techniques.

8. 04 Project Management Statistics on the Causes of Failures

9. The absence of defined project objectives is the reason for the failure of 37 percent of projects. 70 percent of projects fail. 44 percent of projects fail when project objectives do not align with business objectives. 80 percent of organizations reported they spend a considerable amount of time reworking their projects.

10. 05 Project Management Statistics on the Reasons for Project Success

11. 87 percent of best-performing project managers believe that competent delivery capabilities can lower cost and risks while increasing value. 45 percent of PMOs have clearly set goals and defined roles and responsibilities. 89 percent of well-performing organizations complete their projects successfully. 76 percent of well-performing organizations leverage strategic initiatives to achieve project goals.

12. 06 Industry-Based Project Management Statistics

13. There was a 17 percent hike in project management jobs in the U.S. health care industry. 80 percent of federal IT projects used Agile in 2017. 25 percent of project managers who took part in a study organized by Geneca reported the business team was inharmonious. 93 percent of communication service providers use Agile methodologies.

14. 07 Project Management Statistics on Productivity

15. Kaizen, the Lean project management method, was found to boost employee satisfaction. Every year, the U.S. economy loses $411 billion as a result of low productivity and employees’ sleep loss. Every time there is an economic, political, technological, or climatic change, an average employee’s productivity goes down by 5 percent. Only 35 percent of employees have access to wellness programs at their job.

16. 08 Project Management Statistics on Performance

17. 12 percent of organizations felt the reason for their projects’ poor performance was flawed decision- making. A study showed that moving into green buildings can boost the decision- making skills of employees and employers by 8 percent. 31 percent of companies fail to fully realize what benefits they can reap from their projects. 83 percent of high-performing companies invested in project management training.

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