108 Project Management Statistics_1

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The importance of project management cannot be understated, as it is the backbone of all operations in a company. Project management allows for a company to be well-organized and ensures that tasks are completed on time, on budget, with minimal errors. However, it can be very difficult to manage projects if there is no structure in place, and there are many risks that come along with not giving these operations the right attention.

 

Project management tools and techniques have evolved over the years. With a variety of project management software being developed, it has become easier to find one that is tailored to your company's specific needs. Using these new tools has improved productivity, increased profitability, and created a more streamlined process for producing quality products.

 

Being aware of project management statistics and how they have changed over the years can help you to identify changes in the industry and allows you to be prepared for potential project management failures. For example, for projects that were delivered after the due date, the failure rate has been steadily increasing by 4% since 2015 and is estimated to reach 44%.

 

That's why GreyCampus has compiled 108 data-backed project management statistics that will help you be aware of the recent changes in the project management landscape and become a better project manager.

 

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Uploaded on July 7, 2021