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.

According to this blog, 47% of organisations that used change management were more likely to achieve their objectives, compared to 30% that didn’t.

Artificial intelligence (AI) is causing drastic change in the business world, and this is only going to continue with an expected annual growth rate of 37.3% from 2023 to 2030[1]. Which is no surprise when 64% expect AI to increase productivity[1].

For two consecutive years, our research has found that management and leadership skills are the most in demand within organisations.

PRINCE2® is one of the most widely used project management methodologies globally, helping organisations to run projects that reach time, budget, and quality requirements. The framework has been through many iterations since its initial launch in 1996, with the current 6^th Edition launched in 2017. But as the industry changes, the guidance needs to adapt as well, which is why PRINCE2® 7 is coming in Autumn 2023!

Effective project management is vital for any business looking to succeed. Which is why PRINCE2® is one of the most commonly used frameworks for project management in organisations around the world.