12% of organisations' resources will be wasted in 2022 due to ineffective project management

Project Management Institute Pulse of the Profession (2020)

A recent study by the Project Management Institute found that 12% of an organisation's resources are wasted due to ineffective project management; this is a staggering amount. It highlights the importance of having skilled project managers in place. Many factors can contribute to inefficient project management. Still, some of the most common ones include a lack of clear objectives, inadequate communication, and poor resource allocation. By addressing these issues, organisations can significantly reduce the amount of waste associated with their projects. Doing so can free up valuable resources that organisations can use more effectively elsewhere.