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You think project management is an easy task to do? Well, not really! Project management is no cakewalk. From crushing deadlines to strangling budgets, there is no arguing with the fact that project management is downright brutal. We’ve assembled a few fascinating and shocking statistics regarding project management. We think there are some valuable lessons we can learn from these blunders
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Surprising Project Management Statistics
EVER WONDER WHY PROJECTS FAIL??
OR HOW MUCH IT COSTS THE COMPANY??
OR WHAT THE ROLE OF THE PROJECT MANAGER IN THIS IS??
Well, we have found these statistics which are surely going to surprise you!
1 OUT OF 6 PROJECTS GETS STRETCHED OUT OF THE TIME-TABLE BY......
OVER 34% (1 IN 3 ) PROJECTS HAVE NO BASELINE
75% of project managers don't believe in their project
75% of project managers don't believe in their project 33% of projects fail due to lack of senior management
75% of project managers don't believe in their project 33% of projects fail due to lack of senior management 44% of project managers use no software
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The US economy loses 50-150 BILLION DOLLARS
due to FAILED IT Projects
For every $1 billion invested in the United States,
lacking PROJECT PERFORMANCE
Only 39% of projects are implemented on time without exceeding the budget
57% of projects fail due to ''breakdown in communications''
39% of projects fail due to lack of planning, resources, and activities.
It is found that the use of PM software increases performance and satisfaction.
Two-thirds of companies communicate with clients using project management software
Thousands of Managers use Project Management Software to plan, track, and manage their projects!
Most used features in a software are file sharing, time tracking and gantt charts
Sources http://www.itcortex.com/Stat_Failure_Cause.htm http://www.pmi.org//media/pmi/documents/public/pdf/learning/thought leadership/pulse/pulseoftheprofession2016.pdf http://www.pmsolutions.com/reports/State_of_the_PMO_2014_Research_ Report_FINAL.pdf https://projectjournal.co.uk/2016/03/16/15shockingprojectmanagement statistics/ http://www.capterra.com/projectmanagementsoftware/userresearch/ http://www.pwc.com/en_US/us/publicsector/assets/pwcglobalproject managementreport2012.pdf http://www.wellingtone.co.uk/wpcontent/uploads/2016/01/TheStateof ProjectManagementSurvey2016.pdf
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