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Project management statistics show that in 2018 organizations that overlooked the PM process reported failure of half or more of their projects. Organizations that undervalue project management see 50% more of their projects failing. The implementation of a management process, however, is shown to reduce the failure rate to 20% or below. The percentage of projects that fail is fairly high-a whopping 70% of all projects fail to deliver what was promised to customers. General Project Management Stats & Facts 1.

62% of successfully completed projects had supportive sponsors.

Stakeholder engagement is the most valuable PM process.

The project management industry is set to grow by $6.6 trillion by the end of 2020.

55% of project managers cite budget overrun as a reason for project failure.

42% of companies don’t understand the need or importance of project management.

Top Project Management Statistics: Editor’s Choice So, read on to learn all about project management, and most importantly, why you can’t afford to overlook this process. That’s why we’ve put together the most important project management statistics to help you paint a clearer picture of the PM performance rate but also understand why projects fail, what factors are crucial to success, and more.

Running a project without solid management, or bad project management, however, will do more harm than good.

Project management doesn’t come cheap-it takes up to 20% of the overall project budget.