Almost 80% of companies using project management software achieve high project performance.

Despite this, only 22% of companies are actively using the software.

More businesses are looking to implement project management software in their business and achieve these levels of success. 

Below, we’ve researched and asked experienced business owners and managers to provide insight into what drives users to buy software. We’ve gathered pricing data, popularity of the software market, and business outcomes of implementing project management software.

Quick jump to:

• How much does project management software cost?
• How many businesses benefit from project management software?
• How popular is project management software?
• How many businesses use project management software?
• What is the most common cause of failure for projects?
• What are the key features of project management software?
• Does project management software impact a project's budget?

Please see our research and findings below.

Based on our pricing data, we’ve found that, on average, you can expect to pay $136 per month for your project management software. Typically, you can expect to pay this per user per month.

“This is interesting because it proves the positive connection between project performance and project management software. A lot of managers and CEOs are still not sold on the benefits of using such software, yet results like these are proof that they should give the software a chance.”

Reuben Yonatan, founder and CEO of GetVoIP.

Although project management software has continued to be a popular search term, we’ve seen the number of searches steadily increasing over the last five years. Interestingly, these figures often peak at the start of the year as businesses are preparing for their new annual objectives, and entering the first quarter.

“As someone who originally came from a chaotic organization with no project management habits at all, I can understand that few businesses are using software. However, as someone who now sees the benefits of project management, I just can’t understand how 80% of businesses haven’t utilized the software. We personally use project management software heavily to manage multiple projects, create project templates for consistent results, and get a high level view of statuses which is all the more important in our current remote environment.”

Quincy Smith, co-founder at Test Prep Nerds

“It's important not to forgo managing your resources when planning projects. Improper resource management is responsible for three different ways that projects fail. Industry professionals reported that in the past 12 months: 21% of failed projects were due to limited or taxed resources, while 26% of projects failed due to resource dependency, and inadequate resource forecasting accounted for 18% of failures. Meaning resources were not properly managed during the planning process, which led to disappointing outcomes.”

Amanda Haynes, marketing manager at Ganttic

90% of project management solutions offer task prioritization, to-do lists, and assigning tasks as standard according to our data. We’ve found most solutions offer some variation of these capabilities, as well as having a dashboard.

Project management software helps keep track of resources helping businesses to stay on track and within budget. In contrast to this, only 40% of businesses managed to keep within budget without using a project management solution.

To find more project management software please view our category page where you can shortlist and make custom comparisons.

If you have an interesting piece of data you believe belongs on this report, please contact me directly at megan@softwarepath.com to let me know!

References:

https://saaslist.com/blog/project-management-statistics/

https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/pulse/pulse-of-the-profession-2018.pdf

https://www.wellingtone.co.uk/wp-content/uploads/2018/05/The-State-of-Project-Management-Survey-2018-FINAL.pdf

https://www.pwc.com/cl/es/publicaciones/assets/insighttrends.pdf

https://trends.google.com/