Project Management: By the Numbers 2
December 14, 2016 by The FlexPro Group
This article is a continuation of our “Project Management: By the Numbers” series. Part one can be found here.
In theory, every project we take on in life should have some form of guidance. We often rely on past experience for support, ensuring that the same mistakes won’t be repeated, but other sources can also provide direction. Maybe it’s the instruction manual on the 100-piece IKEA dresser or a wedding planner that helps us pull together the perfect night to remember – management can come from just about anywhere.
Walking into the office, large assignments need the same type of supervision and tracking. The major difference with professional projects, however, is that there is far more at stake than just our personal happiness. Millions of dollars in funding, patient care in the life sciences, and industry advancement all rely on our ability to successfully navigate through project plans.
Strong PM practices create a reliable backbone for consistent and sustainable business, and the numbers are there to prove it. Thanks to the Capterra Project Management Blog, we’ve got some very current statistics regarding PM work and its effectiveness. You can check out the full article here, but let’s examine more of the figures below in part two of PM by the Numbers:
1. More than one in three projects (~34%) have no baseline.
This one is a jaw-dropper for anyone with project management experience, yet a common problem for those struggling to meet their commitments. Project management starts with initiation and planning, creating a foundation for future success through consistent monitoring. Without a baseline and set expectation on which to execute, teams can find themselves adrift with no real direction or road map to the finish.
2. Barely over half (~56%) of Project Managers are certified.
It seems odd that a decision-maker would hire someone to lead their efforts without the proper training, but obtaining a PMP (Project Management Professional) certification is a fast-growing trend in the modern workplace. Sponsored by the Project Management Institute, a PMP certification is the most effective way to ensure best practices are utilized as well as continue your education on emerging trends within the world of project management. We expect the percentage to rise in the next few years, but just over half in 2016 is shocking nonetheless.
3. 44% of Project Managers use no PM software despite studies showing that the use of commonly available software increases performance and satisfaction.
It’s no coincidence the last two figures show a similarly ill-equipped population within the PM world. Technology and consistent innovation are at the heart of project management as we know it – software very much included. The use of common office software for planning, execution, tracking, and reporting is essential in delivering what was promised at the start of the project. PMs that are willing to put in the work to stay ahead of the technological curve are setting themselves up for success before sitting down for the first planning discussion.