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Project Management Survey Research
1.
PMI’s 2016 PULSE
of the PROFESSION ® 8TH Global Project Management Survey 12 Statistics that Project Managers should care about © Copyright 2016 Binfire 2,428 Project Management Practioners surveyed 192 Senior Executives surveyed 282 PMO Directors surveyed
2.
PM Practioners Survey ©
Copyright 2016 Binfire Only 47% stated that there is a formal process for knowledge transfer from one part of the organization to another.
3.
PM Practioners Survey ©
Copyright 2016 Binfire 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. © Copyright 2016 Binfire 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 © Copyright 2016 Binfirec 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. © Copyright 2016 Binfire 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 © Copyright 2016 Binfire 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 © Copyright
2016 Binfire 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. © Copyright 2016 Binfire
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.
Download now