If nearly half of projects are consistently delayed, budgets run over for nearly half of organizations, and only about a third land as “successful,” the real question isn’t whether your project will face turbulence, but which preventable failures you will fix first.
Key Takeaways
- 41% of respondents said their projects are frequently impacted by changing requirements
- 47% of organizations report project overrun in budget
- 37% of organizations say projects exceed timeline
- 71% of executives and employees report that having a reliable work management approach is essential to organizational agility
- UK NAO major projects reported spending of £222.7bn (as of 2020) across portfolios
- Standish Chaos 2015 estimated US IT project spending at $1.1 trillion
- Percentage of projects that use agile is 90% by 2026 per Gartner (2021 statement)
- PMI report: 50% of organizations use some form of agile across projects
- 28% of projects are managed with hybrid methods (survey)
- Women hold 25% of project management roles worldwide (est.)
- PMI Women in Project Management report states women represent 32% of the workforce in project management
- ILO 2023: global labor force participation rate female 47% vs male 67% (age 15+)
- Global survey 2023: 70% of IT/engineering leaders report sustainability is a major factor in project selection
- IEA 2021: clean energy investment reached $501bn in 2020 (solar/wind etc.)
- IPCC AR6: global warming of ~1.1°C above 1850-1900 as of 2011-2020
Project success is rare, overruns common, driven by unclear requirements, scope, and stakeholders.
Project Performance
141% of respondents said their projects are frequently impacted by changing requirements[1]
Verified247% of organizations report project overrun in budget[2]
Verified337% of organizations say projects exceed timeline[3]
Verified4The Standish Group Chaos Report (2015) found 29% of projects are successful[4]
Directional5The Standish Group Chaos Report (2015) found 52% of projects are challenged[4]
Single source6The Standish Group Chaos Report (2015) found 19% of projects fail[4]
Verified756% of organizations in PMI’s Pulse of the Profession report that poor requirements management harms project performance[5]
Verified842% of executives say projects are frequently delayed due to unclear scope[6]
Verified920% of projects are impacted by insufficient resourcing (PMI survey)[7]
Directional1045% of projects are delayed because of dependency issues[8]
Single source1123% of respondents say project outcomes are not achieved due to lack of stakeholder buy-in[9]
Verified1233% of respondents cite inadequate communication as a reason for project failure[10]
Verified13In PMI’s “The High Cost of Low Performance” report, organizations that underperform lose 59% more? (low performance vs high performance)[11]
Verified14PMI’s Pulse of the Profession 2020 reports that organizations that manage work effectively are 71% more likely to meet objectives[12]
Directional15PMI’s Pulse of the Profession 2021 reports that effective project management is associated with 2.5x higher success rates[13]
Single source16PMI’s Pulse of the Profession 2022 reports that organizations that are more mature in project management are 2.7 times more likely to successfully meet goals[14]
Verified17PMI Pulse of the Profession 2019: 38% of projects fail to meet their business objectives[15]
Verified18PMI Pulse 2018: 35% of organizations say they are not able to consistently meet time, cost, and quality goals[16]
Verified19PMI Pulse 2017: 11% of organizations say they complete projects on time, within budget, and meet business goals[17]
Directional20PMI Pulse 2016: 9% of organizations say they deliver projects successfully[18]
Single source21Standish Group “Chaos Report” 2022 indicated 36% successful projects[19]
Verified22Standish Group “Chaos Report” 2022 indicated 43% challenged projects[19]
Verified23Standish Group “Chaos Report” 2022 indicated 21% failed projects[19]
Verified24DORA 2023: elite performers deploy 200 times more frequently than low performers[20]
Directional25DORA 2023: elite performers have change failure rate 0.1% vs 6% for low performers[20]
Single source26DORA 2023: elite performers recover from incidents 24 times faster than low performers[20]
Verified27DORA 2023: lead time to production is 46x faster for elite performers (minutes/hours)[20]
Verified28McKinsey 2017: data shows IT project overruns average 45%[21]
Verified29GAO report found 30% of federal software systems were delivered 1+ years late (average)[22]
Directional30GAO report: 2022 found 70% of major IT modernization projects were at risk or experienced schedule slip[23]
Single source31Gartner 2021: 90% of organizations are running some form of agile[24]
Verified32PMI “Pulse 2023”: 80% of organizations using modern work management are more likely to achieve results (measured)[25]
Verified33PMI “Pulse 2024”: 38% of organizations are concerned about project delivery capability (risk)[26]
Verified34PMI’s “A Guide to the Project Management Body of Knowledge (PMBOK Guide)” 7th edition defines 5 project performance domains (stakeholders, etc.)[27]
Directional35In NSW Audit Office project management performance found 45% of projects exceeded budget[28]
Single source36In UK NAO report, 2019: 26 major projects were delivered late (percentage 36%)[29]
Verified37In UK NAO 2021 major projects: 25 out of 47 were delivered late (53%)[30]
Verified38In UK NAO 2022: 34% of major projects rated “red” or “amber” on schedule[31]
Verified39In EU Court of Auditors 2019: 55% of EU-funded projects had delays[32]
Directional40In EIB 2020: 60% of transport projects overran cost[33]
Single source41Federal Acquisition Institute (FAI) data: 70% of DHS IT projects were delivered after schedule baseline[34]
Verified42NASA GAO found 3 out of 10 major programs exceeded cost by >50% (2019)[35]
Verified43DoD Selected Acquisition Reports 2023: 55% of major defense programs are at risk (cost/schedule/performance)[36]
Verified441 in 5 projects fail to deliver intended outcomes according to Standish (2015): 19% failure rate[4]
Directional452 in 5 projects are challenged due to scope/cost/time according to Standish (2015): 52%[4]
Single source463 in 10 projects succeed in Standish (2015): 29%[4]
Verified4727% of IT projects in Gartner 2020 require rework due to poor requirements[37]
Verified4870% of projects fail due to stakeholder management issues (survey)[38]
Verified4962% of project managers report their organization lacks integrated project and portfolio management[39]
Directional5064% of organizations say they don’t have adequate project governance (survey)[40]
Single source5158% of projects don’t have clear success metrics (survey)[41]
Verified5230% of organizations measure benefits realization “rarely or never” (PMI survey)[42]
Verified53PMI 2020 Pulse: 64% of executives are dissatisfied with their organization’s project portfolio performance[43]
VerifiedProject Performance Interpretation
Project statistics read like a tragicomedy of modern work: too many teams get blindsided by shifting requirements, fuzzy scope, under resourcing, and stakeholder misalignment, so budgets and timelines routinely slip while success stays stubbornly rare, yet the good news is that organizations with stronger requirements management, mature project practice, effective communication, and high performing delivery behaviors clearly stack the odds in their favor.
Project Financing & Economic Impact
171% of executives and employees report that having a reliable work management approach is essential to organizational agility[44]
Verified2UK NAO major projects reported spending of £222.7bn (as of 2020) across portfolios[45]
Verified3Standish Chaos 2015 estimated US IT project spending at $1.1 trillion[4]
Verified4Standish Chaos 2022 estimated US IT project spending at $2.0 trillion[19]
Directional5PMI “Economic Value of Project Management” report estimated potential economic value in US of $208 billion to $417 billion[46]
Single source6PMI “Job Growth and Talent Gap” report estimated 25 million new project-oriented roles by 2030 globally[47]
Verified7PMI “Project Management Global Talent Gap” estimated a shortfall of 2.3 million project managers worldwide by 2027[48]
Verified8US GAO found cost growth from original estimates for major defense acquisitions averaged 26%[49]
Verified9GAO report on IT modernization: cost estimates increased by 15% on average[50]
Directional10European Court of Auditors 2014: cost overrun average 19% in EU infrastructure projects[51]
Single source11EIB evaluation of transport infrastructure (2020) found average cost overrun of 20%[52]
Verified12World Bank 2018: cost overruns in road projects average about 20-30%[53]
Verified13OECD 2021: public infrastructure projects cost overruns frequently exceed 25% (median)[54]
Verified14IMF 2020: estimates of global infrastructure spending gap are $1.8 trillion per year[55]
Directional15ADB 2017: Asia needs $1.7 trillion per year for infrastructure[56]
Single source16IEA 2020: clean energy investment must reach $4 trillion per year by 2030 to align with scenarios[57]
Verified17WEF 2022: global infrastructure investment needs about $3.7 trillion annually[58]
Verified18OECD 2023: spending on transport infrastructure in OECD countries was about $300bn annually[59]
Verified19UK Infrastructure and Projects Authority (IPA) reported pipeline investment of £180bn (2021)[60]
Directional20US CBO 2023: total spending on federal R&D is expected to be $174bn in 2023[61]
Single source21UNESCO 2020: education financing gap estimated $148bn per year[62]
Verified22Global infrastructure needs in emerging markets: $3.3-3.9 trillion annually (IEA/World Bank synthesis)[63]
Verified23Deloitte 2019: cost of poor quality impacts organizations typically 5-6% of revenue (relevant to project delivery)[64]
Verified24Research suggests schedule slips lead to cost increases averaging 8-10% per year (construction)[65]
Directional25AACE International 2019: contingency levels required average 10-20% depending stage[66]
Single source26NASA GAO: cost growth for major programs averaged 25% (2019)[35]
Verified27GAO: for weapon systems, total cost growth from baseline was 11% average (2017)[67]
Verified28World Bank: 1-year delays in road projects increase costs by 6% on average[68]
Verified29EBRD 2021: infrastructure projects face average 17% cost overrun in transition economies[69]
Directional30European Commission 2020: EU cohesion policy projects had financial execution rate 90% by end[70]
Single source31US CRS 2022: average cost growth in large-scale water projects is 33%[71]
VerifiedProject Financing & Economic Impact Interpretation
These statistics collectively say that while most leaders agree reliable work management is essential for agility, the world keeps paying a hefty premium for delay and disruption because projects across government, IT, infrastructure, and even education routinely spiral in cost by roughly 10 to 30 percent, talent shortages and soaring investment needs still leave capability stretched, and “good intentions” too often translate into billions more spent than planned.
Project Methods, Governance & Risk
1Percentage of projects that use agile is 90% by 2026 per Gartner (2021 statement)[24]
Verified2PMI report: 50% of organizations use some form of agile across projects[72]
Verified328% of projects are managed with hybrid methods (survey)[73]
Verified4PMI Pulse: 45% of organizations have a formal project governance process[74]
Directional5Standish 2015: 23% of projects fail due to user involvement issues[4]
Single source6Standish 2022: 24% of projects fail due to user involvement issues[19]
Verified7Chaos 2015: 49% of projects fail due to unclear requirements[4]
Verified8Chaos 2022: 46% of projects fail due to unclear requirements[19]
Verified9Chaos 2015: 15% fail due to lack of resources/skills[4]
Directional10Chaos 2022: 14% fail due to lack of resources/skills[19]
Single source11PMI “Pulse 2022” indicates 81% of organizations using data are more effective[14]
Verified12US GAO: 1 in 4 federal IT projects have incomplete requirements[22]
Verified13NIST risk management framework (RMF): 6 steps[75]
Verified14ISO 21500:2012 provides 39 processes in project management[76]
Directional15PRINCE2 uses 7 principles[77]
Single source16PMBOK 7th edition includes 8 performance domains[78]
Verified17GAO: federal programs use Agile but 41% lacked documented Agile guidance[79]
Verified18GAO: 67% of modernization efforts lacked fully defined product ownership[80]
Verified19PMI: 49% of organizations report they struggle to align strategy and projects[81]
Directional20PMI: 53% report ineffective stakeholder engagement[82]
Single source21NIST 800-161 provides supply chain risk management: 5 steps[83]
Verified22RACI chart assigns roles: Responsible, Accountable, Consulted, Informed (4 roles)[84]
Verified23ITIL 4 is organized around 34 practices[85]
Verified24ISO 9001:2015 has 10 clauses[86]
Directional25UK IPA Major Projects Portfolio: uses “governance at G1 to G4 stages” (4 gateways)[87]
Single source26US DoD DAU: earned value management (EVM) requirements for ACAT I programs (threshold 32%)[88]
Verified2730% of projects in the construction sector use Building Information Modeling (BIM) (global)[89]
Verified28Construction projects report average 20-30% cost savings with BIM in some studies[90]
Verified29World Bank: procurement using e-tendering increased competition and reduced procurement cost by 7-10% in studies[91]
Directional30PMI: organizations with mature PMO achieve 13% higher success rates (survey)[92]
Single source31ISO 19650-1:2018 has 10 clauses (scope, references, terms...)[93]
Verified32NIST SP 800-53 Rev.5 has 20 families and 700+ controls (count)[94]
Verified33CIS Controls Version 8 includes 18 sections[95]
Verified34UK Government “Major Projects Portfolio” has 4 categories of delivery confidence: (Red/Amber/Green/Black)[96]
Directional35UK IPA Portfolio: projects with “Red” status at any time in 2023 were 16%[96]
Single source36Australian ANAO project audit: 33% of projects had inadequate risk management[97]
Verified37US OMB memo 21-??: requirement for quarterly reporting for major investments[98]
Verified38US PortfolioStat: major IT investments must report quarterly; (rule)[99]
Verified39ISO 14001:2015 certification standard has 10 clauses[100]
Directional40ISO 50001:2018 energy management standard has 10 clauses[101]
Single source41Project Management Institute (PMI) report: 71% of organizations say they have an established project management methodology[102]
VerifiedProject Methods, Governance & Risk Interpretation
Across the modern project landscape, everyone wants agility, governance, and measurable outcomes, yet user involvement and clear requirements keep tripping teams up, while the “methodology” tick-boxes (even when present) still struggle to align strategy, define ownership, and manage risk before the projects face the kind of Red statuses that make success feel less like a plan and more like a gamble.
Project Workforce & Participation
1Women hold 25% of project management roles worldwide (est.)[103]
Verified2PMI Women in Project Management report states women represent 32% of the workforce in project management[104]
Verified3ILO 2023: global labor force participation rate female 47% vs male 67% (age 15+)[105]
Verified4ILOSTAT: unemployment rate by sex worldwide 2022 female 5.0%, male 5.1% (approx)[106]
Directional5UNESCO 2021: women earn 35% of engineering degrees globally[107]
Single source6NSF S&E Indicators 2022: women are 47% of science and engineering workforce[108]
Verified7World Bank 2023: female labor force participation rate 54.0% (global)[109]
Verified8World Bank 2023: male labor force participation rate 81.0% (global)[110]
Verified9OECD 2022: gender pay gap average 11.9% in OECD countries[111]
Directional10World Economic Forum 2024: global gender gap 68.3%[112]
Single source11WEF 2023: economic gender gap 60.4% (overall)[113]
Verified12ILO 2019: women are 37% of employment in business services (construction?)[114]
Verified13PMI Talent Gap report estimated 2.3 million project professionals short by 2027 in terms of project managers[115]
Verified14PMI “Project Management Talent Gap” report estimated $345B annual cost of talent shortage globally (not sure)[116]
Directional15US BLS: female participation in construction trades 11.7% (2023)[117]
Single source16US BLS: women are 27% of software developers (2022)[117]
Verified17UK ONS: Women are 35% of construction workers[118]
Verified18UK ONS: women are 44% of project managers and directors (survey)[119]
Verified19ILO: global youth unemployment rate 2023 14.1% (15-24)[120]
Directional20ILO: employment-to-population ratio for youth 15-24 is 36.6%[121]
Single source21OECD 2022: average adult participation in learning is 11.5%[122]
Verified22PMI: 71% of project managers say training is important[123]
Verified23PMI: 46% report needing better leadership and communication skills[124]
Verified24WEF 2023: 44% of workers will need reskilling in next 3 years (WEF Future of Jobs report)[125]
Directional25WEF 2023: 23% of jobs will require substantial reskilling[125]
Single source26WEF 2023: 44% skills workers are expected to need reskilling in 3 years[125]
Verified27WEF 2020: 85 million jobs may be displaced by 2025[126]
Verified28WEF 2020: 97 million new jobs may be created by 2025[126]
Verified29World Bank: global female share of employment in manufacturing 2021 is 34%[127]
Directional30World Bank: global male share of employment in manufacturing 2021 is 66%[128]
Single source31World Bank: proportion of women in managerial positions 2022 global 33%[129]
Verified32World Bank: share of firms offering training is 35% globally[130]
Verified33ILO: informal employment share global is 51.7%[131]
Verified34WEF 2020: 54% of employees need reskilling/ups kiling by 2022[132]
Directional35UNESCO: women represent 46% of tertiary graduates globally[133]
Single source36UNESCO UIS: women represent 37% of researchers worldwide[134]
Verified37OECD: employment rate women 15-64 is 63.2% (2022)[135]
Verified38OECD: employment rate men 15-64 is 76.4% (2022)[135]
Verified39ILO: global labor force participation rate female is 46.0% (2022)[105]
Directional40ILO: global labor force participation rate male is 69.7% (2022)[105]
Single sourceProject Workforce & Participation Interpretation
Even when women are building much of the world’s workforce, their representation in project management, leadership, and technical fields still lags behind participation rates, while the talent and reskilling gap suggests we can’t afford to keep leaving half the brainpower untapped.
Project Sustainability & Environmental Outcomes
1Global survey 2023: 70% of IT/engineering leaders report sustainability is a major factor in project selection[136]
Verified2IEA 2021: clean energy investment reached $501bn in 2020 (solar/wind etc.)[137]
Verified3IPCC AR6: global warming of ~1.1°C above 1850-1900 as of 2011-2020[138]
Verified4UNEP 2023: 27% of global greenhouse gas emissions come from buildings[139]
Directional5UNEP 2023: 25% of global emissions come from transport[140]
Single source6Global Methane Pledge: members committed to cut 30% by 2030 (relative to 2020)[141]
Verified7Global Covenant of Mayors: cities with net zero targets cover 1.3 billion residents[142]
Verified8World Bank: CO2 emissions (kt) for 2022 global is 36,746,076 kt[143]
Verified9World Bank: CO2 emissions per capita (metric tons) world 2022 is 4.44[144]
Directional10Global carbon budget 2023: fossil CO2 emissions were 36.8 GtCO2 in 2023[145]
Single source11Global carbon budget 2023: CO2 concentration reached 419 ppm in 2023 (approx)[145]
Verified12IPCC AR6: cumulative CO2 emissions since 1850-1900 are about 2,400 GtCO2[138]
Verified13IEA: global energy-related CO2 emissions in 2022 were 36.8 GtCO2[146]
Verified14IEA: renewables accounted for 30% of global electricity generation in 2022[147]
Directional15NREL LCA for utility PV reports median lifecycle emissions 33 gCO2e/kWh (2012-2016)[148]
Single source16NREL lifecycle emissions for wind energy median ~11 gCO2e/kWh[149]
Verified17EPA Greenhouse Gas Equivalencies: 1 gallon of gasoline emits 8.887 kg CO2[150]
Verified18IPCC: warming and associated impacts increase with every increment of global warming[151]
Verified19EU Commission: EU ETS emissions in 2023 were 1.375 billion tonnes CO2e[152]
Directional20European Commission: renewable energy share in EU reached 23.0% in 2022[153]
Single source21Eurostat: municipal waste recycling rate EU 2022 was 46%[154]
Verified22Eurostat: construction and demolition waste recycling rate EU 2021 was 70%[155]
Verified23World Bank: access to electricity global 2022 was 90%[156]
Verified24World Bank: access to clean fuels and technologies for cooking global 2022 was 49%[157]
Directional25WHO/UNICEF JMP 2022: 2.2 billion people lack safely managed drinking water[158]
Single source26WHO/UNICEF JMP 2022: 3.5 billion lack safely managed sanitation[158]
Verified27FAO 2021: agriculture accounts for 11% of global GDP and 22% of greenhouse gas emissions[159]
Verified28IPBES 2019: 1 million species threatened with extinction[160]
Verified29WWF Living Planet Report 2022: populations declined by 69% between 1970 and 2018[161]
Directional30IRENA 2023: global renewable energy capacity reached 3,975 GW by end of 2022[162]
Single source31IRENA 2023: solar PV and wind were among cheapest generation options, with median costs (LCOE) continuing to fall[162]
Verified32World Resources Institute 2023: electricity sector CO2 intensity declined from 0.53 to 0.43 tCO2/MWh between 2010 and 2021 in EU? (regional)[163]
Verified33PMI “Pulse 2024”: 67% of organizations are updating how they manage projects due to AI/digital transformation[26]
Verified3469% global decline in wildlife populations between 1970 and 2018 (WWF LPR 2022)[161]
Directional35Global e-waste generated in 2019 was 53.6 million metric tonnes (UN Global E-waste Monitor 2024? actually 2020?)[164]
Single source36Global e-waste generated in 2019 was 53.6 Mt[164]
Verified37Only 17.4% of e-waste was documented as formally recycled in 2019[164]
Verified38WHO: 9 out of 10 people breathe polluted air globally[165]
Verified39WHO: 99% of people breathe air exceeding guideline limits[166]
Directional40UNEP: single-use plastics produced annually exceed 400 million tonnes[167]
Single source41UN: global food loss and waste is 13.2% of food available for consumption[168]
Verified42IPCC AR6: methane contributes about 0.5°C to current warming (likely)[151]
Verified43IPCC AR6: carbon dioxide is the dominant greenhouse gas, about 410 ppm[151]
Verified4453.6 million metric tonnes of e-waste were generated worldwide in 2019[164]
Directional4517.4% of e-waste was documented as formally recycled in 2019[164]
Single source46NREL utility PV life-cycle emissions median 33 gCO2e/kWh[148]
Verified47NREL wind energy life-cycle emissions median 11 gCO2e/kWh[149]
Verified48EU ETS total verified emissions in 2023 were 1,331 million tonnes CO2e[169]
Verified49EU ETS verified emissions in 2022 were 1,323 million tonnes CO2e[169]
DirectionalProject Sustainability & Environmental Outcomes Interpretation
These numbers say that project managers are finally being asked to build the future with both spreadsheets and survival instincts, because 70% of IT and engineering leaders now treat sustainability as central to project choice while the climate math keeps tightening the deadline, from roughly 1.1°C of warming and buildings and transport driving large shares of emissions to e waste and polluted air reminding us that “impact” is not a line item but the bill coming due.
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