Project Management Statistics: 52 Statistics You Should Know
Project management is a set of tools, techniques and methodologies used by a team to carry out a project from A to Z. Today, project management has become essential. It is increasingly popular, adopted by businesses of all sizes and for all types of projects.
What are the most used methodologies? What are the success and failure rates of projects? How much does a project manager earn on average? Will project management continue to develop? What about the use of project management software ?
Here are more than 50 statistics to get a clearer picture of project management right now.
Project management in general
Businesses that invest in proven project management methods lose 28 times less money because their strategic initiatives are more successful and their results are more reliable.
Only 58% of businesses fully understand the value of project management.
68% of companies say they use external project managers.
69% completed projects have successfully achieved the initial objectives and the targeted commercial scope and 15% were considered failures.
Jobs and salaries
In France, the average gross annual salary for a multimedia project manager is 53,846€ according to SalaireMoyen.com.
According to the 2018 PMI Salary Survey, certified project management professionals earn 23% more than those who don't have one.
By 2027, 2.2 million new positions in project management must be filled each year in 11 countries (China, India, United States, China, India, United States, Brazil, Japan, United Kingdom, Germany, Australia, Canada, Canada, Saudi Arabia, Canada, Saudi Arabia, Canada, Saudi Arabia and United Arab Emirates) (PMI).
Project success and failure
Environ A third of the projects are completed on time and on budget.
According to interviewees, the success of a project is measured according to the following criteria:
- satisfied stakeholders (20%);
- on-time delivery (19%);
- a delivery that respects the budget (18%);
- the achievement of targeted benefits (17%);
- the production of high quality deliverables (15%);
- achieving an acceptable ROI (return on investment) (9%);
- other (2%).
The keys to the success of a project are:
- the technical skills of the team (48%);
- management support (41%);
- good communication within the team (26%);
- Agile methods (19%);
- the leadership of certified project managers (17%);
- effective relational skills (soft skills) within the team (12%).
70% projects tend to fail.
According to the Project Management Institute (PMI) 2018 Pulse of the Profession study conducted among 5402 companies, the three main causes of project failure are:
- a change in business priorities (39%);
- a change in the objectives of the project (37%);
- an erroneous collection of requirements (35%).
Projects with a budget in excess of $1 million tend to fail 50% more than projects with a budget under $350,000.
37% projects fail due to a lack of specific goals.
According to American workers, the two biggest obstacles to the success of a project are communication (59%) and responsibility (29%).
Alone 2.5% of businesses are completing all their projects all the time.
The Agile method
56% of businesses use only one project management methodology.
Of the 1,492 people who responded to the 12th Annual State of Agile Report survey conducted by VersionOne in 2017, 52% say that more than half of the teams in their organization use the Agile method.
However, only 11% of businesses use Agile methodologies all the time, for all their projects.
Regarding Agile methodologies, Scrum and its derivatives (ScrumBan and Scrum/XP) Hybrid) are the most used (70%).
Why are businesses adopting Agile?
- To speed up the delivery of the software (75%);
- To manage the change in priorities (64%);
- To increase productivity (55%);
- To improve the harmonization between business and IT (information technology) (49%);
- To increase the quality of the software (46%).
Among the benefits of the Agile method, interviewees cited:
- managing change in priorities (71%),
- the visibility of the project (66%),
- harmonization between business and IT (65%),
- the speed of delivery/the time to market (62%),
- team productivity (61%).
Agile projects have higher success rates. A study conducted by PWC indicates that Agile projects have 28% more successful than traditional projects.
Use of project management software
According to PWC, in 2007, 77% of businesses were using project management software.
Project management software is purchased at 40% for its functionality, 24% for its ease of use and 9% for its price. Then there are criteria such as support, reputation, software popularity, and training.
Between 2017 and 2018, the rate of businesses using spreadsheets to manage their Agile projects fell by 74% to 67%. Now, these companies have adopted adapted tools such as project management software.
According to Transparency Market Research, the global market for online project management software Will pass from $2.74 billion in 2016 to $6 billion in 2025 .
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Sources: 4PM, Atlassian, CapTERRA, Gallup, Gartner, Gallup, Gartner, Information Week, PMI, PWC, Standish Group, Statista, Version One.
