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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ephysici/public_html/digitalworktools.com/wp-includes/functions.php on line 6114The rapid development of project management technology has increased the speed of these changes significantly. With so many details and resources to track, project management is no easy feat, especially when trying to stay within budget, hit the required
The rapid development of project management technology has increased the speed of these changes significantly. With so many details and resources to track, project management is no easy feat, especially when trying to stay within budget, hit the required KPIs, and respect the given deadlines.
As a result, project management software providers keep developing more robust tools to help project managers and their teams achieve success with more projects.
But what is the state of project management and its biggest challenges in 2021? How do they currently handle these challenges?
Finally, what can you do to improve your own methodologies for project management with the tools available on the market today?
Here are more than 50 project management statistics to help you grasp the reality of project management in 2021 – and help you proactively improve your own projects in the future.
If you research ‘project management software’, you’ll find a barrage of options to choose from. The most popular tools typically include features such as:
Although there are dozens of tools available, some of the most popular include Jira, Microsoft Project, Smartsheet, Asana, Monday, Basecamp, and Wrike:
(Sources: ReportLinker, PWC, Datanyze, Capterra, Hive, KPMG, Monday.com, Basecamp, Asana, Wrike)
But here is how project management technology is helping improve project management as a whole:
Sources: (Wellingtone, PMI)
If your organization already uses project management methodologies, it’s easy to think the majority of other companies do the same.
Surprisingly, many organizations don’t see the value of project management! But as the data states, project management methodologies and software are responsible for better project performance.
(Sources: PMI, Hive, VersionOne, Wellington, Scrum)
Overall, standardized project management is on the rise, but any organizations haven’t adopted the tools to make it work yet. Let’s see what the data says about what project management software can do to improve collaboration, remote work communication, time management, and budgeting.
Communication between team members tends to be one of the biggest challenges for project management – especially when it comes to remote work, since teams cannot rely on proximity.
Bad collaboration habits that don’t get addressed can worsen with remote work, which can result in project managers spending too much time micromanaging their team.
(Sources: Atlassian, Smarp, Capterra, PWC, McKinsey, Geneca, Achievers, blind, Workplace Insight, GirlsGuidetoPM)
Data suggests that project management features like project objectives, real-time editing, communication tools, and task dependencies can improve the biggest challenges of workplace collaboration. With better communication and clear expectations set in place, team members no longer have to rely on their managers to constantly answer questions or micromanage their responsibilities.
With better communication and collaboration comes improved productivity. According to these project management statistics, time is a big issue for a large portion of teams.
(Sources: Capterra, PMI, Geneca, Wellingtone, Workzone, Capterra)
Because project management software typically utilizes tools such as calendars, Gantt charts, and timelines, teams who use these tools can become much more efficient at planning and executing projects. For instance, because most company executives aren’t satisfied with time allocation, they could keep track of how much time each team member spends on each task with such software.
With this data, you can better understand where time goes and plan time allocation more efficiently for the next project.
In addition to time management, budget is another element companies struggle to control in a project. Data suggests that project costs are nearly as difficult to mitigate as time:
(sources: Capterra, PMI, Harvard Business Review, PMI, Hive, Axelos)
In order to mitigate project costs, project managers must track their budget just like they track time. Project management software allows teams to do this easily. By tracking time and budget together, you can become more accurate with estimations and stay under budget for the majority of your projects.
Now it’s up to you to keep these project management statistics in mind when planning and executing your own projects.
With standardized project management on the rise and constantly improved tools available to make adoption easier for organizations of all sizes, the time to become more efficient and complete projects successfully with project management is today!
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