Project Management Statistics

I love reading project management statistics. They are little snipes of information that can be used to start a conversation with your peers and easily engage.

Here is a quick list of project management statistics I have put together:

  • KPMG found ‘…and incredible 70% of organizations have suffered at least one project failure in the prior 12 months and 50% of respondents indicated that their project failed to consistently achieve what they set out to achieve.’
  • 50% of all Project Management Offices (PMOs) close within just three years. (Source: KeyedIN)
  • The Portland Business Journal found that:  “Most analyses conclude that between 65 and 80% of IT projects fail to meet their objectives, and also run significantly late or cost far more than planned.”
  • Less than a third of all projects were successfully completed on time and on budget over the past year. (Source: Standish Group)
  • An astounding 97% of organizations believe project management is critical to business performance and organizational success. (Source: PricewaterhouseCoopers)
  • According to an IBM study, only 40% of projects meet schedule, budget and quality goals.
  • 33% of projects fail because of a lack of involvement from senior management. (Source: University of Ottawa)
  • Businesses identified “capturing time/costs against projects” as their biggest project management challenge. (Source: The Access Group)
  • Reliability, ease of use, and ease of integration are the top three requirements project managers look for when shopping for software. (Source: The Access Group)
  • 66% of project managers identified level of support as the key decider in investing in a new software. (Source: The Access Group)
  • 44% of project managers use no software, even though PWC found that the use of commercially available PM software increases performance and satisfaction. (Source: Pricewaterhouse Coopers)
  • Geneca, a software development company, stated that unclear business objectives, out-of-sync stakeholders and excessive rework mean that 75% of project participants lack confidence that their projects will succeed.
  • 75% of business and IT executives anticipate their software projects will fail. (Source: Geneca)
  • One in six IT projects have an average cost overrun of 200% and a schedule overrun of 70%. (Source: Harvard Business Review)
  • McKinsey recently found that ‘while an increasing number of non-IT executives give IT a score of 61% for basic services like email and laptop support, only 26% rank IT high in the most vital area of proactively engaging with business leaders on new ideas or systems enhancements.’

 If you have any other project management statistics please share them with us.

Image courtesy of Freepik

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