Without accurate planning and scheduling a project is destined to fail. Estimations regarding budget and timelines should be carefully considered to ensure a project runs smoothly and outputs meet requirements.

According to a report from the Project Management Institute entitled AI Innovators: Cracking the Code on Project Performance, 85% of global CEOs predict that AI will have significantly changed their business practices by 2024.

97% of employees and executives believe that a lack of alignment within a team impacts the outcome of a task or project, according to this blog from Bit.AI. Good team collaboration is crucial to the success of any project, as it can help increase efficiency, enhance creativity, and improve morale.

Already obtained your PRINCE2® qualification and wondering which certification to consider next?

According to Zippia, agile projects have a 64% success rate. Some projects are better suited to a more traditional methodology, but for those that require a more iterative, flexible approach, agile project management could offer the solution.

According to this blog by TeamStage, 55% of project managers cite budget overruns as a reason for project failure.

It is estimated that 90% of the world’s data was generated in the last two years alone. And in 2023, 120 zettabytes of data was generated, and this is expected to increase by over 150% to 181 zettabytes by 2025, according to this blog by Exploding Topics.

It’s been predicted by Gartner that 80% of today’s project management tasks will be eliminated by 2030, through the use of artificial intelligence. AI has the potential to revolutionise the project management industry, but to take full advantage of it an organisation needs to stay ahead of emerging technology trends.

PRINCE2® is a project management methodology that has supported individuals and organisations to improve the way that projects have been run since the 1980s. Initially it was established to run IT projects, but in 1996 the methodology was evolved to be applicable for a wider range of projects.

Be it big or small, every project comes with a certain amount of risk. Whether it’s a delay in delivery, a budget constraint or a change in requirements, project managers need to have an effective risk strategy in place to minimise the likelihood of risks occurring, and reducing the consequences if they do.