pulse of the profession 2020 research highlights …...pulse of the profession® 2020 research...
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Pulse of the Profession® 2020
Research Highlights by Region and IndustryThe new decade is ushering in a world full of complex issues, and organizational leaders need to reimagine not just the nature of work, but how it gets done. Individual projects are no longer viewed as separate yet adjacent to operations, but as how work gets accomplished and problems get solved. It’s the leaders who can mobilize the right team members to help the company move faster and achieve results who will thrive in The Project Economy.
At a time of extraordinary change, success requires having people with the skills and mindset to deliver big, bold projects. Yet the 2020 Pulse of the Profession® revealed that organizations are struggling to deliver. Organizations that undervalue project management as a strategic competency for driving change report an average of 67 percent more of their projects failing outright.
Executive leaders who want to stay ahead of the curve are rebuilding their organizations to make agility and creativity part of the organizational DNA and prioritizing building a culture that is receptive to change. To achieve success, organizations will need even more empowered project leaders with the skills and attitude to take the lead on change. Organizations must continue to mature their value delivery capabilities so that project leaders are equipped with the knowledge to apply any approach to needed to get work done.
Future FocusRethink the way work gets done by taking these steps:
1. Get nimble: Organizations that can fail fast and pivot to what’s next arebest positioned for the future.
2. Invest in technology—and people: Disruptive technologies like AI andmachine learning are only as smart as the people behind them. Executivesand project leaders must have the training, processes and talent to getthe job done right.
3. Don’t be limited by title or functional area: With so much change,executives are increasingly turning to project leaders to help them turnideas into reality. Today’s project managers must have a mix of technical,leadership, business and digital skills to deliver results and advocate forthe customer. In The Project Economy, project managers will need to breakdown silos between an organization’s function areas to leadmultidisciplinary teams of people.
Report Background
Conducted since 2006, Pulse of the Profession® is the premier global survey of project management practitioners. Pulse follows the major
trends for project management now and in the future. It features original market research that reports feedback and insights from project, program and portfolio managers, along with an analysis of third-party data.
The 2020 edition of the Pulse highlights feedback and insights from 3,060 project professionals, 358 senior executives and 554 directors of project management from a range of industries, including information technology (IT), financial services, government, manufacturing, energy, construction, healthcare and telecom. Respondents span the globe including North America, Europe, Middle East, Africa, ASEAN (Association of Southeast Asian Nations), China, India, and Latin America and the Caribbean. Industry and Regional highlights provide a comparison to the global total. The full report is available at PMI.org/Pulse.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Africa
Africa ComparisonOrganizations in Africa waste an average of $84 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in Africa are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL AFRICA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 54%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 64%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 40%
Percentage of organizations where development of technical skills is a high priority 68% 78%
Percentage of organizations where development of leadership skills is a high priority 65% 70%
Percentage of organizations where development of business skills is a high priority 58% 61%
Percentage of organizations where development of digital skills is a high priority 50% 56%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 67%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 62%
Percentage of organizations with a PMO that is an EPMO 45% 46%
Percentage of organizations with high alignment of the EPMO to strategy 46% 58%
Percentage of organizations that use standardized project management practices throughout the organization 22% 27%
Percentage of organizations with high project management maturity 42% 44%
Percentage of organizations with high program management maturity 35% 40%
Percentage of projects using hybrid project management approaches 19% 20%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Africa
GLOBAL TOTAL AFRICA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 20%
Percentage of organizations that highly value project management 69% 72%
Percentage of organizations with high portfolio management maturity 32% 34%
Percentage of projects with active sponsors 61% 64%
Percentage of organizations with high organizational agility 30% 37%
Percentage of organizations with high benefits realization maturity 31% 40%
Percentage of organizations where creating a culture that values project management is a high priority 46% 53%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 56%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 51%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 46%
Percentage of organizations that require any project management certification 51% 66%
Average percentage of PMPs across organizations 41% 24%
Average percentage of project management contractors across organizations 20% 21%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 72%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 57%
Percentage of projects with scope creep 35% 33%
Percentage of projects deemed failures 13% 12%
Percentage of project budget lost if a project fails 37% 30%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$84M on $1B
(8.4%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor upfront planning -- 38%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: ASEAN
ASEAN ComparisonOrganizations in ASEAN waste an average of $103 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in ASEAN are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL ASEAN
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 56%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 60%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 43%
Percentage of organizations where development of technical skills is a high priority 68% 62%
Percentage of organizations where development of leadership skills is a high priority 65% 59%
Percentage of organizations where development of business skills is a high priority 58% 57%
Percentage of organizations where development of digital skills is a high priority 50% 49%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 62%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 65%
Percentage of organizations with a PMO that is an EPMO 45% 39%
Percentage of organizations with high alignment of the EPMO to strategy 46% 47%
Percentage of organizations that use standardized project management practices throughout the organization 22% 21%
Percentage of organizations with high project management maturity 42% 37%
Percentage of organizations with high program management maturity 35% 29%
Percentage of projects using hybrid project management approaches 19% 18%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: ASEAN
GLOBAL TOTAL ASEAN
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 17%
Percentage of organizations that highly value project management 69% 61%
Percentage of organizations with high portfolio management maturity 32% 27%
Percentage of projects with active sponsors 61% 58%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 31%
Percentage of organizations where creating a culture that values project management is a high priority 46% 40%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 49%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 49%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 38%
Percentage of organizations that require any project management certification 51% 58%
Average percentage of PMPs across organizations 41% 30%
Average percentage of project management contractors across organizations 20% 24%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 69%
Percentage of projects completed on time 53% 56%
Percentage of projects completed within budget 59% 61%
Percentage of projects with scope creep 35% 35%
Percentage of projects deemed failures 13% 14%
Percentage of project budget lost if a project fails 37% 33%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$103M on $1B
(10.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor requirements-gathering/management -- 33%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Australia
Australia ComparisonOrganizations in Australia waste an average of $133 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in Australia are below the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL AUSTRALIA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 36%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 48%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 31%
Percentage of organizations where development of technical skills is a high priority 68% 57%
Percentage of organizations where development of leadership skills is a high priority 65% 56%
Percentage of organizations where development of business skills is a high priority 58% 52%
Percentage of organizations where development of digital skills is a high priority 50% 40%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 57%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 70%
Percentage of organizations with a PMO that is an EPMO 45% 53%
Percentage of organizations with high alignment of the EPMO to strategy 46% 46%
Percentage of organizations that use standardized project management practices throughout the organization 22% 26%
Percentage of organizations with high project management maturity 42% 39%
Percentage of organizations with high program management maturity 35% 28%
Percentage of projects using hybrid project management approaches 19% 23%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Australia
GLOBAL TOTAL AUSTRALIA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 21%
Percentage of organizations that highly value project management 69% 63%
Percentage of organizations with high portfolio management maturity 32% 30%
Percentage of projects with active sponsors 61% 61%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 25%
Percentage of organizations where creating a culture that values project management is a high priority 46% 32%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 47%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 43%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 37%
Percentage of organizations that require any project management certification 51% 51%
Average percentage of PMPs across organizations 41% 28%
Average percentage of project management contractors across organizations 20% 27%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 67%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 54%
Percentage of projects with scope creep 35% 44%
Percentage of projects deemed failures 13% 11%
Percentage of project budget lost if a project fails 37% 40%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$133M on $1B
(13.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor upfront planning -- 40%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Brazil
Brazil ComparisonOrganizations in Brazil waste an average of $133 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in Brazil are below the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL BRAZIL
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 45%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 53%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 36%
Percentage of organizations where development of technical skills is a high priority 68% 70%
Percentage of organizations where development of leadership skills is a high priority 65% 60%
Percentage of organizations where development of business skills is a high priority 58% 64%
Percentage of organizations where development of digital skills is a high priority 50% 41%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 43%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 62%
Percentage of organizations with a PMO that is an EPMO 45% 46%
Percentage of organizations with high alignment of the EPMO to strategy 46% 56%
Percentage of organizations that use standardized project management practices throughout the organization 22% 21%
Percentage of organizations with high project management maturity 42% 35%
Percentage of organizations with high program management maturity 35% 22%
Percentage of projects using hybrid project management approaches 19% 18%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Brazil
GLOBAL TOTAL BRAZIL
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 20%
Percentage of organizations that highly value project management 69% 65%
Percentage of organizations with high portfolio management maturity 32% 25%
Percentage of projects with active sponsors 61% 59%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 27%
Percentage of organizations where creating a culture that values project management is a high priority 46% 36%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 39%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 45%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 33%
Percentage of organizations that require any project management certification 51% 48%
Average percentage of PMPs across organizations 41% 36%
Average percentage of project management contractors across organizations 20% 24%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 65%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 55%
Percentage of projects with scope creep 35% 32%
Percentage of projects deemed failures 13% 19%
Percentage of project budget lost if a project fails 37% 38%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$133M on $1B
(13.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 47%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Canada
Canada ComparisonOrganizations in Canada waste an average of $123 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in Canada are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL CANADA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 47%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 56%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 48%
Percentage of organizations where development of technical skills is a high priority 68% 69%
Percentage of organizations where development of leadership skills is a high priority 65% 68%
Percentage of organizations where development of business skills is a high priority 58% 58%
Percentage of organizations where development of digital skills is a high priority 50% 47%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 58%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 68%
Percentage of organizations with a PMO that is an EPMO 45% 51%
Percentage of organizations with high alignment of the EPMO to strategy 46% 54%
Percentage of organizations that use standardized project management practices throughout the organization 22% 21%
Percentage of organizations with high project management maturity 42% 43%
Percentage of organizations with high program management maturity 35% 35%
Percentage of projects using hybrid project management approaches 19% 18%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Canada
GLOBAL TOTAL CANADA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 19%
Percentage of organizations that highly value project management 69% 73%
Percentage of organizations with high portfolio management maturity 32% 36%
Percentage of projects with active sponsors 61% 63%
Percentage of organizations with high organizational agility 30% 30%
Percentage of organizations with high benefits realization maturity 31% 35%
Percentage of organizations where creating a culture that values project management is a high priority 46% 46%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 54%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 52%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 45%
Percentage of organizations that require any project management certification 51% 46%
Average percentage of PMPs across organizations 41% 48%
Average percentage of project management contractors across organizations 20% 20%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 70%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 56%
Percentage of projects with scope creep 35% 39%
Percentage of projects deemed failures 13% 10%
Percentage of project budget lost if a project fails 37% 41%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$123M on $1B
(12.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is change in project objectives -- 35%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: China
China ComparisonOrganizations in China waste an average of $97 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in China outperform the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL CHINA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 77%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 76%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 69%
Percentage of organizations where development of technical skills is a high priority 68% 73%
Percentage of organizations where development of leadership skills is a high priority 65% 70%
Percentage of organizations where development of business skills is a high priority 58% 66%
Percentage of organizations where development of digital skills is a high priority 50% 56%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 76%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 68%
Percentage of organizations with a PMO that is an EPMO 45% 41%
Percentage of organizations with high alignment of the EPMO to strategy 46% 42%
Percentage of organizations that use standardized project management practices throughout the organization 22% 22%
Percentage of organizations with high project management maturity 42% 49%
Percentage of organizations with high program management maturity 35% 45%
Percentage of projects using hybrid project management approaches 19% 19%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: China
GLOBAL TOTAL CHINA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 29%
Percentage of organizations that highly value project management 69% 78%
Percentage of organizations with high portfolio management maturity 32% 40%
Percentage of projects with active sponsors 61% 65%
Percentage of organizations with high organizational agility 30% 40%
Percentage of organizations with high benefits realization maturity 31% 50%
Percentage of organizations where creating a culture that values project management is a high priority 46% 62%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 57%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 65%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 55%
Percentage of organizations that require any project management certification 51% 78%
Average percentage of PMPs across organizations 41% 39%
Average percentage of project management contractors across organizations 20% 25%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 69%
Percentage of projects completed on time 53% 63%
Percentage of projects completed within budget 59% 68%
Percentage of projects with scope creep 35% 24%
Percentage of projects deemed failures 13% 20%
Percentage of project budget lost if a project fails 37% 31%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$97M on $1B
(9.7%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is change in project objectives -- 31%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Europe
Europe ComparisonOrganizations in Europe waste an average of $131 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in Europe are below the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL EUROPE
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 46%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 63%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 43%
Percentage of organizations where development of technical skills is a high priority 68% 69%
Percentage of organizations where development of leadership skills is a high priority 65% 62%
Percentage of organizations where development of business skills is a high priority 58% 56%
Percentage of organizations where development of digital skills is a high priority 50% 48%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 52%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 64%
Percentage of organizations with a PMO that is an EPMO 45% 41%
Percentage of organizations with high alignment of the EPMO to strategy 46% 38%
Percentage of organizations that use standardized project management practices throughout the organization 22% 21%
Percentage of organizations with high project management maturity 42% 46%
Percentage of organizations with high program management maturity 35% 36%
Percentage of projects using hybrid project management approaches 19% 20%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Europe
GLOBAL TOTAL EUROPE
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 19%
Percentage of organizations that highly value project management 69% 67%
Percentage of organizations with high portfolio management maturity 32% 31%
Percentage of projects with active sponsors 61% 53%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 25%
Percentage of organizations where creating a culture that values project management is a high priority 46% 44%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 45%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 51%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 43%
Percentage of organizations that require any project management certification 51% 47%
Average percentage of PMPs across organizations 41% 41%
Average percentage of project management contractors across organizations 20% 18%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 68%
Percentage of projects completed on time 53% 48%
Percentage of projects completed within budget 59% 55%
Percentage of projects with scope creep 35% 33%
Percentage of projects deemed failures 13% 14%
Percentage of project budget lost if a project fails 37% 40%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$131M on $1B
(13.1%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 41%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: India
India ComparisonOrganizations in India waste an average of $92 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in India outperform the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL INDIA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 65%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 67%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 62%
Percentage of organizations where development of technical skills is a high priority 68% 75%
Percentage of organizations where development of leadership skills is a high priority 65% 70%
Percentage of organizations where development of business skills is a high priority 58% 70%
Percentage of organizations where development of digital skills is a high priority 50% 69%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 70%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 80%
Percentage of organizations with a PMO that is an EPMO 45% 41%
Percentage of organizations with high alignment of the EPMO to strategy 46% 62%
Percentage of organizations that use standardized project management practices throughout the organization 22% 44%
Percentage of organizations with high project management maturity 42% 58%
Percentage of organizations with high program management maturity 35% 54%
Percentage of projects using hybrid project management approaches 19% 21%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: India
GLOBAL TOTAL INDIA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 37%
Percentage of organizations that highly value project management 69% 83%
Percentage of organizations with high portfolio management maturity 32% 46%
Percentage of projects with active sponsors 61% 65%
Percentage of organizations with high organizational agility 30% 46%
Percentage of organizations with high benefits realization maturity 31% 45%
Percentage of organizations where creating a culture that values project management is a high priority 46% 61%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 75%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 73%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 69%
Percentage of organizations that require any project management certification 51% 79%
Average percentage of PMPs across organizations 41% 30%
Average percentage of project management contractors across organizations 20% 13%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 72%
Percentage of projects completed on time 53% 58%
Percentage of projects completed within budget 59% 64%
Percentage of projects with scope creep 35% 32%
Percentage of projects deemed failures 13% 12%
Percentage of project budget lost if a project fails 37% 33%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$92M on $1B
(9.2%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is change in project objectives -- 40%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Latin America
Latin America ComparisonOrganizations in Latin America waste an average of $125 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for organizations in Latin America are below the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL LATIN AMERICA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 47%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 47%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 38%
Percentage of organizations where development of technical skills is a high priority 68% 66%
Percentage of organizations where development of leadership skills is a high priority 65% 68%
Percentage of organizations where development of business skills is a high priority 58% 58%
Percentage of organizations where development of digital skills is a high priority 50% 51%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 44%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 66%
Percentage of organizations with a PMO that is an EPMO 45% 38%
Percentage of organizations with high alignment of the EPMO to strategy 46% 49%
Percentage of organizations that use standardized project management practices throughout the organization 22% 19%
Percentage of organizations with high project management maturity 42% 33%
Percentage of organizations with high program management maturity 35% 25%
Percentage of projects using hybrid project management approaches 19% 15%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Latin America
GLOBAL TOTAL LATIN AMERICA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 19%
Percentage of organizations that highly value project management 69% 65%
Percentage of organizations with high portfolio management maturity 32% 25%
Percentage of projects with active sponsors 61% 56%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 27%
Percentage of organizations where creating a culture that values project management is a high priority 46% 38%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 48%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 44%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 39%
Percentage of organizations that require any project management certification 51% 57%
Average percentage of PMPs across organizations 41% 32%
Average percentage of project management contractors across organizations 20% 19%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 64%
Percentage of projects completed on time 53% 48%
Percentage of projects completed within budget 59% 55%
Percentage of projects with scope creep 35% 30%
Percentage of projects deemed failures 13% 18%
Percentage of project budget lost if a project fails 37% 35%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$125M on $1B
(12.5%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 40%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Middle East
Middle East ComparisonOrganizations in the Middle East waste an average of $84 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in the Middle East are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL MIDDLE EAST
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 50%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 61%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 42%
Percentage of organizations where development of technical skills is a high priority 68% 74%
Percentage of organizations where development of leadership skills is a high priority 65% 65%
Percentage of organizations where development of business skills is a high priority 58% 61%
Percentage of organizations where development of digital skills is a high priority 50% 52%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 56%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 64%
Percentage of organizations with a PMO that is an EPMO 45% 38%
Percentage of organizations with high alignment of the EPMO to strategy 46% 43%
Percentage of organizations that use standardized project management practices throughout the organization 22% 23%
Percentage of organizations with high project management maturity 42% 41%
Percentage of organizations with high program management maturity 35% 33%
Percentage of projects using hybrid project management approaches 19% 15%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: Middle East
GLOBAL TOTAL MIDDLE EAST
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 21%
Percentage of organizations that highly value project management 69% 73%
Percentage of organizations with high portfolio management maturity 32% 32%
Percentage of projects with active sponsors 61% 61%
Percentage of organizations with high organizational agility 30% 32%
Percentage of organizations with high benefits realization maturity 31% 41%
Percentage of organizations where creating a culture that values project management is a high priority 46% 47%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 52%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 52%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 49%
Percentage of organizations that require any project management certification 51% 71%
Average percentage of PMPs across organizations 41% 37%
Average percentage of project management contractors across organizations 20% 24%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 71%
Percentage of projects completed on time 53% 49%
Percentage of projects completed within budget 59% 60%
Percentage of projects with scope creep 35% 33%
Percentage of projects deemed failures 13% 12%
Percentage of project budget lost if a project fails 37% 29%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$84M on $1B
(8.4%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor requirements-gathering/management -- 34%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: North America
North America ComparisonOrganizations in North America waste an average of $123 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in North America are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL NORTH AMERICA
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 44%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 56%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 45%
Percentage of organizations where development of technical skills is a high priority 68% 66%
Percentage of organizations where development of leadership skills is a high priority 65% 64%
Percentage of organizations where development of business skills is a high priority 58% 54%
Percentage of organizations where development of digital skills is a high priority 50% 47%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 58%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 65%
Percentage of organizations with a PMO that is an EPMO 45% 51%
Percentage of organizations with high alignment of the EPMO to strategy 46% 47%
Percentage of organizations that use standardized project management practices throughout the organization 22% 20%
Percentage of organizations with high project management maturity 42% 40%
Percentage of organizations with high program management maturity 35% 33%
Percentage of projects using hybrid project management approaches 19% 20%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: North America
GLOBAL TOTAL NORTH AMERICA
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 23%
Percentage of organizations that highly value project management 69% 68%
Percentage of organizations with high portfolio management maturity 32% 31%
Percentage of projects with active sponsors 61% 65%
Percentage of organizations with high organizational agility 30% 29%
Percentage of organizations with high benefits realization maturity 31% 27%
Percentage of organizations where creating a culture that values project management is a high priority 46% 42%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 54%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 53%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 41%
Percentage of organizations that require any project management certification 51% 38%
Average percentage of PMPs across organizations 41% 48%
Average percentage of project management contractors across organizations 20% 19%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 70%
Percentage of projects completed on time 53% 53%
Percentage of projects completed within budget 59% 59%
Percentage of projects with scope creep 35% 41%
Percentage of projects deemed failures 13% 11%
Percentage of project budget lost if a project fails 37% 42%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$123M on $1B
(12.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 41%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: United Kingdom
United Kingdom ComparisonOrganizations in the UK waste an average of $130 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for organizations in the UK are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTALUNITED KINGDOM
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 44%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 66%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 41%
Percentage of organizations where development of technical skills is a high priority 68% 69%
Percentage of organizations where development of leadership skills is a high priority 65% 65%
Percentage of organizations where development of business skills is a high priority 58% 56%
Percentage of organizations where development of digital skills is a high priority 50% 48%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 59%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 70%
Percentage of organizations with a PMO that is an EPMO 45% 47%
Percentage of organizations with high alignment of the EPMO to strategy 46% 36%
Percentage of organizations that use standardized project management practices throughout the organization 22% 18%
Percentage of organizations with high project management maturity 42% 44%
Percentage of organizations with high program management maturity 35% 37%
Percentage of projects using hybrid project management approaches 19% 21%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Region: United Kingdom
GLOBAL TOTALUNITED KINGDOM
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 21%
Percentage of organizations that highly value project management 69% 64%
Percentage of organizations with high portfolio management maturity 32% 27%
Percentage of projects with active sponsors 61% 60%
Percentage of organizations with high organizational agility 30% 24%
Percentage of organizations with high benefits realization maturity 31% 24%
Percentage of organizations where creating a culture that values project management is a high priority 46% 41%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 53%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 50%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 43%
Percentage of organizations that require any project management certification 51% 47%
Average percentage of PMPs across organizations 41% 32%
Average percentage of project management contractors across organizations 20% 21%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 67%
Percentage of projects completed on time 53% 46%
Percentage of projects completed within budget 59% 53%
Percentage of projects with scope creep 35% 39%
Percentage of projects deemed failures 13% 12%
Percentage of project budget lost if a project fails 37% 39%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$130M on $1B
(13.0%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor requirements-gathering/management -- 39%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Construction
Construction ComparisonConstruction organizations waste an average of $127 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for Construction organizations are below the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL CONSTRUCTION
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 52%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 52%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 41%
Percentage of organizations where development of technical skills is a high priority 68% 68%
Percentage of organizations where development of leadership skills is a high priority 65% 59%
Percentage of organizations where development of business skills is a high priority 58% 50%
Percentage of organizations where development of digital skills is a high priority 50% 40%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 58%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 57%
Percentage of organizations with a PMO that is an EPMO 45% 35%
Percentage of organizations with high alignment of the EPMO to strategy 46% 43%
Percentage of organizations that use standardized project management practices throughout the organization 22% 24%
Percentage of organizations with high project management maturity 42% 41%
Percentage of organizations with high program management maturity 35% 36%
Percentage of projects using hybrid project management approaches 19% 15%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Construction
GLOBAL TOTAL CONSTRUCTION
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 13%
Percentage of organizations that highly value project management 69% 73%
Percentage of organizations with high portfolio management maturity 32% 29%
Percentage of projects with active sponsors 61% 60%
Percentage of organizations with high organizational agility 30% 27%
Percentage of organizations with high benefits realization maturity 31% 35%
Percentage of organizations where creating a culture that values project management is a high priority 46% 48%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 47%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 45%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 40%
Percentage of organizations that require any project management certification 51% 47%
Average percentage of PMPs across organizations 41% 28%
Average percentage of project management contractors across organizations 20% 19%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 69%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 56%
Percentage of projects with scope creep 35% 33%
Percentage of projects deemed failures 13% 13%
Percentage of project budget lost if a project fails 37% 41%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$127M on $1B
(12.7%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor upfront planning -- 37%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Energy
Energy ComparisonEnergy organizations waste an average of $113 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for Energy organizations are comparable to the global total in the Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL ENERGY
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 56%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 69%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 49%
Percentage of organizations where development of technical skills is a high priority 68% 71%
Percentage of organizations where development of leadership skills is a high priority 65% 73%
Percentage of organizations where development of business skills is a high priority 58% 61%
Percentage of organizations where development of digital skills is a high priority 50% 46%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 54%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 72%
Percentage of organizations with a PMO that is an EPMO 45% 48%
Percentage of organizations with high alignment of the EPMO to strategy 46% 45%
Percentage of organizations that use standardized project management practices throughout the organization 22% 27%
Percentage of organizations with high project management maturity 42% 44%
Percentage of organizations with high program management maturity 35% 37%
Percentage of projects using hybrid project management approaches 19% 14%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Energy
GLOBAL TOTAL ENERGY
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 14%
Percentage of organizations that highly value project management 69% 73%
Percentage of organizations with high portfolio management maturity 32% 36%
Percentage of projects with active sponsors 61% 60%
Percentage of organizations with high organizational agility 30% 26%
Percentage of organizations with high benefits realization maturity 31% 37%
Percentage of organizations where creating a culture that values project management is a high priority 46% 50%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 56%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 56%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 41%
Percentage of organizations that require any project management certification 51% 56%
Average percentage of PMPs across organizations 41% 42%
Average percentage of project management contractors across organizations 20% 25%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 71%
Percentage of projects completed on time 53% 53%
Percentage of projects completed within budget 59% 60%
Percentage of projects with scope creep 35% 34%
Percentage of projects deemed failures 13% 11%
Percentage of project budget lost if a project fails 37% 39%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$113M on $1B
(11.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 34%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Financial Services
Financial Services ComparisonFinancial services organizations waste an average of $128 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for Financial services organizations outperform the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTALFINANCIAL SERVICES
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 51%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 67%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 55%
Percentage of organizations where development of technical skills is a high priority 68% 66%
Percentage of organizations where development of leadership skills is a high priority 65% 65%
Percentage of organizations where development of business skills is a high priority 58% 66%
Percentage of organizations where development of digital skills is a high priority 50% 58%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 63%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 75%
Percentage of organizations with a PMO that is an EPMO 45% 55%
Percentage of organizations with high alignment of the EPMO to strategy 46% 51%
Percentage of organizations that use standardized project management practices throughout the organization 22% 27%
Percentage of organizations with high project management maturity 42% 49%
Percentage of organizations with high program management maturity 35% 37%
Percentage of projects using hybrid project management approaches 19% 23%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Financial Services
GLOBAL TOTALFINANCIAL SERVICES
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 31%
Percentage of organizations that highly value project management 69% 74%
Percentage of organizations with high portfolio management maturity 32% 36%
Percentage of projects with active sponsors 61% 62%
Percentage of organizations with high organizational agility 30% 32%
Percentage of organizations with high benefits realization maturity 31% 33%
Percentage of organizations where creating a culture that values project management is a high priority 46% 44%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 59%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 56%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 47%
Percentage of organizations that require any project management certification 51% 53%
Average percentage of PMPs across organizations 41% 41%
Average percentage of project management contractors across organizations 20% 26%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 68%
Percentage of projects completed on time 53% 51%
Percentage of projects completed within budget 59% 57%
Percentage of projects with scope creep 35% 38%
Percentage of projects deemed failures 13% 13%
Percentage of project budget lost if a project fails 37% 40%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$128M on $1B
(12.8%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 52%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Government
Government ComparisonGovernment organizations waste an average of $97 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for Government organizations are below the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL GOVERNMENT
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 40%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 58%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 33%
Percentage of organizations where development of technical skills is a high priority 68% 60%
Percentage of organizations where development of leadership skills is a high priority 65% 60%
Percentage of organizations where development of business skills is a high priority 58% 45%
Percentage of organizations where development of digital skills is a high priority 50% 39%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 46%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 64%
Percentage of organizations with a PMO that is an EPMO 45% 48%
Percentage of organizations with high alignment of the EPMO to strategy 46% 46%
Percentage of organizations that use standardized project management practices throughout the organization 22% 18%
Percentage of organizations with high project management maturity 42% 38%
Percentage of organizations with high program management maturity 35% 29%
Percentage of projects using hybrid project management approaches 19% 13%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Government
GLOBAL TOTAL GOVERNMENT
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 19%
Percentage of organizations that highly value project management 69% 65%
Percentage of organizations with high portfolio management maturity 32% 28%
Percentage of projects with active sponsors 61% 62%
Percentage of organizations with high organizational agility 30% 21%
Percentage of organizations with high benefits realization maturity 31% 25%
Percentage of organizations where creating a culture that values project management is a high priority 46% 39%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 45%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 46%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 26%
Percentage of organizations that require any project management certification 51% 40%
Average percentage of PMPs across organizations 41% 40%
Average percentage of project management contractors across organizations 20% 26%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 70%
Percentage of projects completed on time 53% 50%
Percentage of projects completed within budget 59% 59%
Percentage of projects with scope creep 35% 38%
Percentage of projects deemed failures 13% 11%
Percentage of project budget lost if a project fails 37% 32%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$97M on $1B
(9.7%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 38%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Healthcare
Healthcare ComparisonHealthcare organizations waste an average of $113 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for Healthcare organizations are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL HEALTHCARE
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 44%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 56%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 43%
Percentage of organizations where development of technical skills is a high priority 68% 65%
Percentage of organizations where development of leadership skills is a high priority 65% 62%
Percentage of organizations where development of business skills is a high priority 58% 56%
Percentage of organizations where development of digital skills is a high priority 50% 43%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 54%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 68%
Percentage of organizations with a PMO that is an EPMO 45% 50%
Percentage of organizations with high alignment of the EPMO to strategy 46% 39%
Percentage of organizations that use standardized project management practices throughout the organization 22% 17%
Percentage of organizations with high project management maturity 42% 36%
Percentage of organizations with high program management maturity 35% 31%
Percentage of projects using hybrid project management approaches 19% 23%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Healthcare
GLOBAL TOTAL HEALTHCARE
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 23%
Percentage of organizations that highly value project management 69% 65%
Percentage of organizations with high portfolio management maturity 32% 28%
Percentage of projects with active sponsors 61% 67%
Percentage of organizations with high organizational agility 30% 22%
Percentage of organizations with high benefits realization maturity 31% 23%
Percentage of organizations where creating a culture that values project management is a high priority 46% 38%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 52%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 53%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 38%
Percentage of organizations that require any project management certification 51% 43%
Average percentage of PMPs across organizations 41% 51%
Average percentage of project management contractors across organizations 20% 19%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 67%
Percentage of projects completed on time 53% 48%
Percentage of projects completed within budget 59% 57%
Percentage of projects with scope creep 35% 41%
Percentage of projects deemed failures 13% 13%
Percentage of project budget lost if a project fails 37% 34%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$113M on $1B
(11.3%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 49%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: IT
IT ComparisonIT organizations waste an average of $101 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for IT organizations outperform the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL IT
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 59%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 65%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 57%
Percentage of organizations where development of technical skills is a high priority 68% 75%
Percentage of organizations where development of leadership skills is a high priority 65% 68%
Percentage of organizations where development of business skills is a high priority 58% 62%
Percentage of organizations where development of digital skills is a high priority 50% 64%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 69%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 67%
Percentage of organizations with a PMO that is an EPMO 45% 44%
Percentage of organizations with high alignment of the EPMO to strategy 46% 49%
Percentage of organizations that use standardized project management practices throughout the organization 22% 25%
Percentage of organizations with high project management maturity 42% 47%
Percentage of organizations with high program management maturity 35% 45%
Percentage of projects using hybrid project management approaches 19% 23%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: IT
GLOBAL TOTAL IT
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 33%
Percentage of organizations that highly value project management 69% 73%
Percentage of organizations with high portfolio management maturity 32% 40%
Percentage of projects with active sponsors 61% 63%
Percentage of organizations with high organizational agility 30% 43%
Percentage of organizations with high benefits realization maturity 31% 39%
Percentage of organizations where creating a culture that values project management is a high priority 46% 51%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 61%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 63%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 57%
Percentage of organizations that require any project management certification 51% 67%
Average percentage of PMPs across organizations 41% 43%
Average percentage of project management contractors across organizations 20% 16%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 71%
Percentage of projects completed on time 53% 59%
Percentage of projects completed within budget 59% 64%
Percentage of projects with scope creep 35% 33%
Percentage of projects deemed failures 13% 14%
Percentage of project budget lost if a project fails 37% 35%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$101M on $1B
(10.1%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 36%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Manufacturing
Manufacturing ComparisonManufacturing organizations waste an average of $135 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
A number of the study results for Manufacturing organizations are below the global total in the 2020 Pulse of the Profession®. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL MANUFACTURING
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 51%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 63%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 45%
Percentage of organizations where development of technical skills is a high priority 68% 67%
Percentage of organizations where development of leadership skills is a high priority 65% 65%
Percentage of organizations where development of business skills is a high priority 58% 58%
Percentage of organizations where development of digital skills is a high priority 50% 47%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 63%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 62%
Percentage of organizations with a PMO that is an EPMO 45% 38%
Percentage of organizations with high alignment of the EPMO to strategy 46% 43%
Percentage of organizations that use standardized project management practices throughout the organization 22% 16%
Percentage of organizations with high project management maturity 42% 35%
Percentage of organizations with high program management maturity 35% 28%
Percentage of projects using hybrid project management approaches 19% 21%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Manufacturing
GLOBAL TOTAL MANUFACTURING
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 17%
Percentage of organizations that highly value project management 69% 72%
Percentage of organizations with high portfolio management maturity 32% 27%
Percentage of projects with active sponsors 61% 59%
Percentage of organizations with high organizational agility 30% 25%
Percentage of organizations with high benefits realization maturity 31% 34%
Percentage of organizations where creating a culture that values project management is a high priority 46% 46%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 48%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 53%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 46%
Percentage of organizations that require any project management certification 51% 53%
Average percentage of PMPs across organizations 41% 42%
Average percentage of project management contractors across organizations 20% 18%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 66%
Percentage of projects completed on time 53% 54%
Percentage of projects completed within budget 59% 58%
Percentage of projects with scope creep 35% 34%
Percentage of projects deemed failures 13% 16%
Percentage of project budget lost if a project fails 37% 40%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$135M on $1B
(13.5%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% --
Top mention is poor upfront planning -- 36%
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Telecom
Telecom ComparisonTelecom organizations waste an average of $97 million for every $1 billion spent on projects and programs due to poor project performance, compared to the global average of $114 million for every $1 billion spent.*
While most of the study results for Telecom organizations are comparable to the global total in the 2020 Pulse of the Profession®, there are a few differences. The table below identifies in red the areas that have a meaningful difference from the global total.
GLOBAL TOTAL TELECOM
TALENT
Percentage of organizations with a recognition process for meeting milestones 51% 58%
Percentage of organizations with ongoing training for staff on project management tools and techniques 61% 65%
Percentage of organizations with a defined career path for those engaged in project or program management 47% 50%
Percentage of organizations where development of technical skills is a high priority 68% 74%
Percentage of organizations where development of leadership skills is a high priority 65% 68%
Percentage of organizations where development of business skills is a high priority 58% 62%
Percentage of organizations where development of digital skills is a high priority 50% 60%
Percentage of organizations where development of customer-centricity skills is a high priority 59% 66%
PROCESSES AND PROJECT MANAGEMENT CAPABILITIES
Percentage of organizations with a PMO 66% 72%
Percentage of organizations with a PMO that is an EPMO 45% 44%
Percentage of organizations with high alignment of the EPMO to strategy 46% 40%
Percentage of organizations that use standardized project management practices throughout the organization 22% 21%
Percentage of organizations with high project management maturity 42% 46%
Percentage of organizations with high program management maturity 35% 40%
Percentage of projects using hybrid project management approaches 19% 20%
* Figures are U.S. dollar amounts, but represent a percentage that applies to any currency. Note: Numbers in red indicate a significant difference compared to the Global Total at a 95% confidence level.
PULSE OF THE PROFESSION® 2020 | Research Highlights by Industry: Telecom
GLOBAL TOTAL TELECOM
ORGANIZATIONAL CAPABILITIES
Percentage of projects using agile project management approaches 22% 25%
Percentage of organizations that highly value project management 69% 75%
Percentage of organizations with high portfolio management maturity 32% 33%
Percentage of projects with active sponsors 61% 62%
Percentage of organizations with high organizational agility 30% 33%
Percentage of organizations with high benefits realization maturity 31% 34%
Percentage of organizations where creating a culture that values project management is a high priority 46% 44%
Percentage of organizations where creating a culture receptive to organizational change is a high priority 53% 57%
Percentage of organizations where investing in technology to better enable project success is a high priority 53% 57%
Percentage of organizations where developing a comprehensive value delivery capability that allows for quick adaptation to changing market conditions is a high priority 45% 58%
Percentage of organizations that require any project management certification 51% 62%
Average percentage of PMPs across organizations 41% 40%
Average percentage of project management contractors across organizations 20% 22%
PROJECT OUTCOMES
Percentage of projects meeting goals and business intent 69% 70%
Percentage of projects completed on time 53% 53%
Percentage of projects completed within budget 59% 61%
Percentage of projects with scope creep 35% 31%
Percentage of projects deemed failures 13% 15%
Percentage of project budget lost if a project fails 37% 32%
DOLLARS WASTED
Dollars wasted$114M on $1B
(11.4%)$97M on $1B
(9.7%)
PRIMARY CAUSE OF PROJECT FAILUREPRIMARY CAUSE OF PROJECT FAILURE
Top mention is change in organization priorities 37% 41%