15 Surprising Stats About Project Management Certification

Project Management certification, whether formal or informal, is essential to a team's success. It's not complicated, but it's also not easy either. Official or unofficial, project managers typically have a lot on their plates. Project Management Training is one of the most important aspects for project managers.

Project managers should be aware of these statistics.

Some of the most important project management statistics for 2022 are listed here.

1.   77% of effective teams make use of project management tools

It is beyond dispute that project management software significantly improves any project. Project management software is actually used by more than three out of four productive project teams. The productivity of the project teams who utilise them is significantly increased by the simplicity with which quality project management software facilitates project collaboration, tracking, and periodic analysis.

2.   Hybrid: preferred method of delivery in the sector

Your chosen project management strategy has a big impact on the outcomes. It would be nearly difficult to list all of the different project management methodologies here. Most project managers must choose between the iterative technique and the predictive approach (waterfall) (Agile). Both options have advantages and disadvantages and are influenced by various circumstances, including the sector, corporate culture, etc.

Data reveals that instead of committing to a single approach, almost 60% of firms often utilise a hybrid methodology. An effective hybrid methodology can produce the ideal blend that enables you to benefit from the freedom of Agile and the waterfall approach's focus on a proper framework.

3.   PM software adoption stands at 22%

Only around one-fifth of firms currently employ project management software, despite the clear advantages of doing so, as we'll explain later.

4.   The current market size for project management is $6 Billion

The market for project management software was estimated to be worth USD 6 million. By 2030, it is anticipated to reach USD 15.06 million, expanding at a CAGR of 10.77%. (2022–2030).

 

5.   People who hold a PMP certification make 23% more money than those who don't

The importance of continuing your education is highlighted by Project Management Certification Courses Statistics. Average pay for project managers with certifications are significantly greater than those for those without.

6. In the world, there are roughly 16.5 million project managers.

7. By 2027, the lack of project managers might cause a $207.9 billion GDP loss.

8. A staggering 97% of firms believe that project management is essential to achieving organisational success and good business results.

9. According to the US workforce, accountability (29%) and communication (59%) are the two main roadblocks to success.

10. High-performing organizations successfully complete 89% of their projects, while low performers complete only 36%.

11. 83% of high-performance organizations always invest in project management course to boost performance.

12. 54% of businesses lack access to real-time project KPIs.

13. Only about 43% of projects are finished within the budget.

14. The success rate of agile transitions is 41%.

15. Project managers in the US get an average base salary of $90,139 annually.

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