The 2016 PMI global project management survey highlights that only 47% of organizations have a formal knowledge transfer process, and 49% of projects completed on schedule, with many failing due to shifts in organizational priorities. There is a disconnect between the perceived value of project management among senior executives and PMO directors; 74% of respondents believe organizations understand this value, yet only 47% of executives agree. The study indicates the importance of a strong project management culture, revealing that 71% of projects succeed when project management is prioritized.

1. PMI’s 2016 PULSE of the PROFESSION ®
8TH
Global Project Management Survey
12 Statistics that Project Managers should care about
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2,428 Project Management Practioners surveyed
192 Senior Executives surveyed
282 PMO Directors surveyed

2. PM Practioners Survey
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Only 47% stated that there is a
formal process for knowledge
transfer from one part of the
organization to another.

3. PM Practioners Survey
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61% stated that there is
ongoing training for employees
on how to use Project
Management tools and
processes

4. 90% reported that their organization
have a high or medium alignment of
strategy and projects.
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PM Practioners Survey

5. © Copyright 2016 Binfire
62% of projects completed successfully met the
original goals and business intent of the project
PM Practioners Survey

6. © Copyright 2016 Binfire
Only 49% of projects completed within their
initially scheduled times.
PM Practioners Survey

7. 53% of projects were completed within their initial budget
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PM Practioners Survey

8. © Copyright 2016 Binfire
The number one reason that projects
were deemed a failure was change in
organization’s priorities.
PM Practioners Survey

9. 74% of respondents believe that their
organization fully understand the
value of Project Management.
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Senior Executives Survey

10. © Copyright 2016 Binfire
91% of Senior Executives stated that formulating
strategy appropriate for changing market
conditions will be Essential or Very Important over
the next three years.
Senior Executives Survey

11. 64% of Senior Executives stated that it
was Essential or Very Important to create
a culture that values Project Management
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Senior Executives Survey

12. © Copyright 2016 Binfire
Senior Executives Survey
Only 6% of Senior Executives believe that
an organization wide Project
Management
Office should be responsible for managing
high impact strategic initiatives.

13. PMO Director
Survey
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Only 47% believe that their organization
fully understands the value of Project
Management.

14. FINDINGS AND CONCLUSIONS
Fewer projects completed within budget and in line with business intent compared with last year’s survey.
There is still a lack of clarity and consensus regarding the role of the PMO with in the organization.
There is a strong difference in perception about the value of Project Management between Senior Execs and PMO Directors.
Not enough projects have the active support of Senior Management.
For each US$ 1 billion invested , there is US$122 million wasted due to poor project performance (12% YOY increase).
71% of Projects reached their goal when Project Management culture is a high priority within the organization.
Only 52% of Projects reached their goal when Project Management culture is a low priority within the organization.
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15. © Copyright 2016 Binfire
Put an awesome team
in place.
Choose a project manager
that can mentor a team and
lead by example.
Understand how
Project
management
impacts strategy
Incent your team based
on project performance.
Get a project
management tool that is
adaptable to the
growing needs or your
organization.