10 Project Management Stats All PMPs Should Know for 2022
The world of project management is forever changing. The project management industry is
constantly in flux from the emergence of more demand for remote work due to the COVID-19
pandemic to the consistent development of new software solutions.
As a result of the constant evolution, it can be hard to keep your ear to the ground
and stay current on trends and new happenings.
Today, we want to make that task a bit easier. We've gathered a list of important
stats that every project management professional should know, along with insights
into why it's an essential piece of data to keep in mind. You might even want to
bookmark a few mentioned source websites for future reference.
Take a look at these ten critical PMP-related industry stats:
By 2027, organizations will need 87.7 million people working in project management positions. -
PMI estimates that the project management profession will have grown by 33% between
2017 and 2027. This scenario is excellent news for two reasons. First, for project
managers who want to move around to other companies and sectors, the jobs will be
there. Second, this means that the profession is growing in need, which is good news
for those looking for job security. So, keep this one in mind as you continue to grow
and evolve in the field as there will be more opportunities to flourish in this profession.
The healthcare sector has seen the most significant rate of growth in project management positions in the U.S. -
For those looking to make a sector switch or want to get into the project management
profession in general, the healthcare sector may be the best bet. This industry has
started to see a greater need to hire project managers to help improve patient care,
manage operational logistics, and improve the function and operations of medical facilities
across the country.
The United States has the second-highest median PMI Salary in the world - PMI
According to the PMI's Project Management Salary Survey Twelfth Edition report, the United
States has the second-highest median salary globally with a $115,000 annual salary.
While this isn't representative of all the professions and related salaries, it shows that the
project management profession can be lucrative with the right experience and industry.
Data from this survey also revealed that it doesn't hurt to have a PMP certification as
it can also lead to a salary raise.
Agile organizations have a 70% chance of being in the top quartile of organizational health. -
McKinsey and Company
There are many benefits to embracing agility in company processes — including project management.
McKinsey and Company's report on agile organizations also revealed that they have long-term
performance, a faster time to market, higher revenue growth, and even a more engaged workforce.
It's likely that these company-wide benefits can also extend to project management professionals
and their teams.
54% of workers believe they would save over five hours each week if they could automate tasks. -
In a Monday.com, a project management software solution, survey of 1,000 workers, they found
that 54% of respondents believed they would save five hours a week by automating repetitive tasks.
How many times have you had to stop what you're doing to add someone to a CRM, remember to send
out a routine email, or conduct data entry? Now think about how many times your team has had to
do that along with other tasks. Your team and you could likely be more productive by embracing
automation where they can.
Over half of project managers see the adoption of AI in their field within the next five years. (IPMA, 2022)
Software tools like Zapier and Todoist helped companies move toward dynamic automation,
but they were only the beginning. Considering the number of routine tasks associated with
many project management positions and the new technological landscape that the profession
is embracing, it's highly likely that artificial intelligence will grow in prominence for
With the emergence of location-independent work and the continued use of technology,
it's even easier to integrate AI technologies into project management systems. The article
linked above by The International Project Management Association (IPMA) also pointed out
that AI may even replace entry-level positions like project management assistants and advisers.
More projects are meeting their goals and objectives. -
According to PMI's 2021 Pulse of the Profession, between 2019 and 2021, the percentage of
projects that met their original goals and business intent rose from 68% to 73%. While this
is a subtle shift, it does reveal that despite the pandemic, project managers are still
able to help their company not only meet its objectives but possibly exceed them.
Also, the percentage of companies that completed their projects within budget jumped from
57% to 62%. Even in the most unstable times, the project management position is resilient.
Technical skills are the highest priority for talent development for companies. -
To support the development of successful projects, many companies are looking for technical
skills according to PMI's 2020 Pulse of the Profession report. If you're thinking of making a
switch or increasing your position status or salary within the field, then you may want to put
the focus on expanding your skillset in a technology-related area.
This can vary, depending on your field, position, and your company's overall goals. If you're
unsure of where to start, meet with your manager to see the current needs and then see how they
align with your aspirations. If you're on the job hunt, start researching job descriptions to
see the technical skills in demand so that you can add the relevant training to your resume to
Project management tools improve project timeline estimation and the effective use of resources. -
For those that use project management tools, 60% saw an increase in timeline estimation,
and 55% reported more effective use of their project resources, according to Capterra's
Project Management Software Market Research Report.
Project management tools are not a cure-all for those needing to sharpen their workflows.
However, it can be a great way to increase efficiency and make life easier for your clients
and team members. And always remember that any successful project management tool integration
starts with an excellent policy that can be supported by tools that fit your team and workflow.
45% of companies spend between $5,000 and $25,000 on their project management tools. -
There is a wide range of prices that project management companies pay for their project
management software solutions. And according to data from Capterra, most companies were
able to stay close to what they budgeted for their software costs.
The study also revealed that while the price was a top concern, the top feature that many
companies were looking for was functionality.
Ultimately, there is a wide variety of pricing structures for those interested in adding
a project management software solution to their workflow, so even if you have a smaller
budget, you can still find something that may work for your team.
The project management profession will continue to evolve. There's a lot to keep an eye on,
from changing technological landscapes (that may include new platforms
like the Metaverse
to an increase in project management jobs. Therefore, make a point to track and record
the stats. Good data regarding the profession can help you stay on top of new developments
and further excel in your career in the short and long term.
A monday.com report: the state of workplace automation,
Project Management Job Growth and Talent Gap 2017–2027,
Project Management Salary Survey Twelfth Edition,
Project Management Institute (2021). Beyond Agility: Flex to the Future. Pulse of the Profession®.,
Project Management Software Market Research Report,
The five trademarks of agile organizations,
The metaverse: Why it matters for business,