GITNUX MARKETDATA REPORT 2024

Must-Know Project Management Statistics [Current Data]

With sources from: projectmanager.com, pmsolutions.com, wrike.com, mckinsey.com and many more

According to our research, the Market Data Report sheds light on a range of compelling project management statistics. Did you know that 90% of global senior executives consider project planning crucial for success? Surprisingly, only 58% of organizations fully grasp the value of project management.

Statistic 1

"90% of global senior executives rate project planning as crucial for delivering successful projects."

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Statistic 2

"Only 58% of organizations fully understand the value of project management."

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Statistic 3

"Organizations that invest in proven project management practices waste 28 times less money."

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Statistic 4

"Only 35% of project managers are mostly or always involved in the decision-making process."

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Statistic 5

"By 2027, employers will need 87.7 million individuals working in project management-oriented roles."

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Statistic 6

"On average, 11.4% of all resources in an organization are wasted due to poor project management."

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Statistic 7

"56% of projects meet their original goals and business intent without challenging any parameters."

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Statistic 8

"83% of executive leaders believe that project management is essential to business success."

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Statistic 9

"72% of project managers use a form of stakeholder engagement to ensure project success."

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Statistic 10

"Project management software adoption can lead to a 25% increase in project-team performance."

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Statistic 11

"High-performing organizations successfully complete 89% of their projects."

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Statistic 12

"Agile projects are 28% more successful than traditional projects."

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Statistic 13

"75% of project management offices (PMOs) reported that more than half of their projects were realigned due to COVID-19 impacts."

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Statistic 14

"Poor project management leads to an average loss of $109 million for every $1 billion invested in projects and programs."

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Statistic 15

"77% of high-performing projects use project management software."

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Statistic 16

"Agile projects are completed on time 37% more often than traditional waterfall projects."

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Statistic 17

"61% of companies provide PM certification training to project managers."

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Statistic 18

"The most popular scheduling tool used by project managers is Microsoft Project, with a 67% usage rate."

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Statistic 19

"39% of projects fail due to lack of planning, resources, and activities."

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Statistic 20

"The demand for project management skills is expected to grow by 33% in the next decade."

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Interpretation

Key trends in project management indicate a growing recognition of its importance, with 90% of executives emphasizing the need for effective project planning. Notably, organizations that embrace proven project management practices see significantly reduced financial waste. Surprisingly, only 58% fully grasp the value of project management, potentially leading to missed opportunities and inefficiencies. The projected surge in demand for project management roles highlights the evolving landscape o

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