Things you really need to know from surveyed customers:

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• 70% know effective project management is important for business ✓ Only 15% currently have effective project management efforts ✓ 50% reported that delays increase project costs ✓ Almost 40% have lost at least 10% of projected revenue due to project delays ✓ Over 40% reported most delays occur during the project initiation phase due to poor planning

 

• Over 60% reported key causes of project delays include: • #1-Poor communication • Client caused schedule slippage • Lack of clarity and set expectations ✓ Over 67% evaluate project management success by looking at whether projects are completed on time and on-budget✓ Top barriers to project management office success include: • Demand and project prioritization (55%) • Changing and evolving business processes and environments (46%) • Lack of team adoption of prescribed tools and processes (46%) • “Business as usual” was also cited as a barrier to project success