PMI Pulse of the Profession 2018

Since 2013, we’ve seen a 27 percent decrease in the amount of money organizations are wasting due to poor project performance. As of this research, 9.9 percent of every dollar invested is wasted, down from 13.5 percent in 2013.

• The #1 driver of Project success is an Actively engaged Executive Sponsor
• Organizations which align projects to Strategy perform better than those which do not
• 68% of organizations report using outsourced or contract Project Managers
• On-time and Within-budget projects continue to hover around the 50% mark
• Only 23% of organizations report using standardized project management practices throughout the entire organization.

Champion organizations—those who complete 80 percent or more projects on time, on budget, meeting business intent and having high benefits realization maturity—are continuing to mature their project talent, capabilities and culture. Because of this, they have higher project success rates (92 percent versus 32 percent for underperformers), enjoy more successful business outcomes and waste significantly less money due to poor project performance.