The True ROI of Project Management Software (Infographics)
THE IMPORTANCE OF USING PROJECT MANAGEMENT SOFTWARE
Reading time 25 min
THE IMPORTANCE OF USING PROJECT MANAGEMENT SOFTWARE
Fewer than a third of all projects were successfully completed
on time and on budget over the past year
%
44% of project managers use no project management software, even though PWC found that the use of commercially available PM software increases performance and satisfaction.
More mature organizations are significantly more likely to use project management software:
%
95% of organizations within the highest maturity category use project management software
compared to
%
55% of organizations within the lowest maturity category use project management software
HOW IS PROJECT MANAGEMENT SOFTWARE BEING USED?
Software tools are the most commonly used to manage single projects versus multiple projects of programs.
One in five respondents cites task management as the most important feature.
%
49% of organizations have a project management training program in place.
A majority of PMOs do not engage in resource management functions, including:
RESOURCE FORECASTING
CAPACITY MANAGEMENT
DEMAND MANAGEMENT
RESOURCE MANAGEMENT PROCESS IMPLEMENTATION
Costs and issues and risks are the most commonly reported areas.
%
Only 23% of cost reporting is generated from project management software.
PROJECT MANAGEMENT SOFTWARE LEEDS TO SUCCESS
There is a positive correlation between use of project management software and project performance.
%
Among the highest performing projects, 87% use project management software, while only 13% do not.
%
69% of respondents
%
who use a methodology at least 75% of the time
reported a lower project failure rate.
The use of project management software is commonplace, and for good reasons - it is linked to high-performing projects.
%
77% of companies use project management software.
As you can see, project management software leads to more successful and higher performing projects. The best software platforms not only help you manage your projects, but also are flexible, intuitive, and collaborative. So if you’re wondering if a project management solution is worth the investment, wonder no more. The numbers show the true ROI.
If you’re looking to get started with a project management solution, Visual Planning provides a powerful yet easy-to-use platform. It adapts to your needs, so you can use only the solutions you need to reach your goals.
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