Today, we’re going to explore some of the most valuable Project Management statistics for 2023.

Let’s get started.

Key Project Management Statistics 2023 – MY Choice

  • Only 58% of organizations fully understand the value of project management. 
  • 77% of high-performing projects use project management software.
  • Only 2.5% of companies complete their projects 100% successfully.
  • 18% of projects fail because of outdated project management software 
  • 39% of projects fail due to lack of planning, inadequate resources, and insufficient work activities.
  • 70% of project professionals in SMBs have no certification; most (small, medium, and large) organizations employ a project manager based on experience. 
  • 46% of project leaders say completing projects on time is their biggest challenge.

Project Management Statistics 2023: Industry-Wide Assessment

  1. 93% of organizations abide by standardized project management practices
  1. High-performing companies are more likely to establish project management processes than low-performing ones (95% versus 84%).
  1. 56% of project managers are somewhat or very dissatisfied with the current level of PM maturity.

Project Management Failure Statistics 2023

  1. If management takes five hours or more to make a decision, the project’s failure rate increases by 22%.
  2. More than 50% of all projects suffer from some scope creep.
  1. Only 1 in 3 organizations have high-benefits realization management maturity.
  2. 9.9% of every dollar is wasted due to lacking project performance.
  3. 18% of projects fail because of outdated project management software.

Project Management Statistics: Benefits of Project Management Software 2023

  1. 77% of high performing projects use project management software.
  2. The project management software market is likely to register a CAGR of 10.67% during the forecast period (2020 – 2025).
  1. Jira leads the project management software market, with 41.96% of organizations utilizing it.
  1. 75% of project managers believe their PM software will lead to bad project management.
  2. Over 100,000 companies across the world use to manage their projects.
  3. 4.96% of all organizations including Uber and Pinterest use Asana to manage their projects.
  4. Over 200,000+ teams use ClickUp to stay on track.
  5. 20,000+ companies spread across 140 different countries use Wrike for collaborative work management.
  6. TeamWork is most often used by companies with 1-10 employees and 1-10 million dollars in annual revenue.

Project Planning Statistics 2023

  1. 39% of projects fail due to lack of planning, inadequate resources, and insufficient work activities.
  2. 60% of project managers use hybrid methods to deliver their projects.
  1. Almost 40% of project teams are made of 6 to 10 people.

Project Management Performance Statistics 2023

  1. Only 2.5% of companies complete 100% of their projects successfully.
  2. 50% of projects fail because of communication breakdown.’s project management stats based on 102 companies in different industries found that 75% of teams do not report organizationally. 

Given that most companies employ numerous teams on a single project, managers say that 59% work in separate groups. And 21% of teams are engaged by different companies. 

In addition, only 15% of project professionals report that their projects are led by a team working in the same building; the other 85% of organizations outsource a part of a project to multiple project teams. As a result, 77% of teams work in different cities, while 49% collaborate from other countries. 

Under such circumstances, it is not troublesome to see why most projects fail due to a lack of proper communication. For this reason, one of the proven project management practices is to have appropriate team collaboration tools in addition to incorporating reliable project management software.

Project Management Statistics on Project Timelines 2023

  1. Project management software saves the average employee 498 hours per year.
  2. Almost 50% of project professionals spend a day or more each month manually collating project KPI reports.
  3. 46% of project leaders say completing projects on time is their biggest challenge.

Setting clear deliverables, setting real deadlines, active involvement of team members and stakeholders is all it takes to meet project deadlines. 

Yet, almost half of the project leaders say that time is the scarcest resource; in fact, time tracking is the second most-requested project management feature across organizations.

Wellington’s State of Project Management report states that only 40% of projects are completed on time. While only 36% of projects completed within the deadline mostly or always deliver full benefits.

Project Management Office (PMO) Statistics 2023

  1. 89% of organizations have at least one PMO (project management office), but only 45% of staffers have a Project Management Professional (PMP)® certification.
  1. 51% of PMOs say their biggest challenge is demonstrating the value-add a PMO represents.
  2. 44% of PMOs agree that their roles and responsibilities are clearly defined.

Project Management Training Statistics 2023

  1. 49% of organizations have a project management training program in place.
  1. 70% of project managers in SMBs have no certification; plus, most (small, medium, and large) organizations employ a project manager based on experience.
  2. A poorly trained project manager is the largest project management challenge in organizations.

Use These Project Management Statistics to Future-Proof Your Projects.

These are not just the latest project management statistics that a project manager should know. Instead, as a project manager, you should use these insights to polish your project management processes. 

For instance, it must be clear to you that organizations that undervalue project management report more failed projects than organizations following standardized project management practices.

Plus, organizations using project management software have more successfully completed projects than ones that undervalue project management software. 

But above all, these project management statistics reveal the relationship between project management processes and project success or project failure rate. 

Meaning incorporating effective project management can avoid poor project performance and increase the project success rate in your organization.

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