Project management is now essential to business success, and smart companies have learned to pay attention to its principles, best practices, and trends Check out these 18 stats every project manager and business leader should know about the current state of project management Organizations are losing $109 million for every $1 billion invested in projects and programs in IT projects has an average cost overrun of 200% and a schedule overrun of 70% 78% of business and IT executives say project requirements are “usually” or “always” out of sync with the business On average, out of projects are not aligned with business strategy Large projects are 2x as likely to be late, over budget, and missing critical features than small projects Large projects are 10x more likely to fail outright 80% of “high-performing” projects are led by a certified project manager The average ROI of project managers (including salary & training costs) is 61% of project managers say their organization currently offers PM training for staff 89% of high-performing organizations value project management 81% actively engage project sponsors 87% use PM software of firms say they get a 25% or greater ROI from implementing Project Portfolio Management (PPM) processes of large companies (>$1B) of mid-size companies ($100M-$1B) of small companies ([...]...89% of high-performing organizations value project management 81% actively engage project sponsors 87% use PM software of firms say they get a 25% or greater ROI from implementing Project Portfolio Management (PPM) processes of large companies (>$1B) of mid-size companies ($100M-$1B) of small companies ( ... “high-performing” projects are led by a certified project manager The average ROI of project managers (including salary & training costs) is 61% of project managers say their organization currently offers... manager and business leader should know about the current state of project management Organizations are losing $109 million for every $1 billion invested in projects and programs in IT projects has... overrun of 200% and a schedule overrun of 70% 78% of business and IT executives say project requirements are “usually” or “always” out of sync with the business On average, out of projects