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Project management is now essential to business success, and smart companies have learned to pay attention to its principles, best practices, and trends. Check out these 18 stats every project manager and business leader should know about the current state of project management.
Organizations are losing $109 million for every $1 billion invested in projects and programs
1 in 6 IT projects has an average cost overrun of 200% and a schedule overrun of 70%.
78% of business and IT executives say project requirements are “usually” or “always” out of sync with the business.
On average, 3 out of 5 projects are not aligned with business strategy.
Large projects are 2x as likely to be late, over budget, and missing critical features than small projects. Large projects are 10x more likely to fail outright.
80% of “high-performing” projects are led by a certified project manager.
The average ROI of project managers (including salary & training costs) is
61% of project managers say their organization currently offers PM training for staff.
89% of high-performing organizations value project management 81% actively engage project sponsors 87% use PM software
of firms say they get a 25% or greater ROI from implementing Project Portfolio Management (PPM) processes.
of large companies (>$1B) of mid-size companies ($100M-$1B) of small companies (<$100M) have a Project Management Office (PMO) in place.
PMP-certified project managers in the US earned an average of 16% more than their non-credentialed peers in 2011.
See the Complete Collection of 2015 Project Management Stats Want more up-to-date facts and figures on project management? Check out our stockpile of statistics from recent studies, surveys, and reports. Take me to the stats!