Economic Snapshot

Quarterly report on economic indicators of importance to the project management community

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Economic conditions are mixed.

Many of the key economic indicators tracked by PMI on the project management community are regressing compared to this time last year (Q2 of 2014) while a few are showing signs of improvement.

There has been a steady increase in the amount of projects cancelled or delayed since the end of 2014. This is the highest it has been since 2013 but significantly lower than it was when PMI began tracking this back in 2009 (40% vs. 53%). The number of projects that organizations have restarted remains relatively stable at 20%.

Additionally, there were also more canceled or delayed professional development training activities from last year (38% vs. 34%). There is however an increase in the number of organizations that rescheduled training activities after delaying them (23% vs. 20%).

Another key indicator, the hiring of project managers, is down from this time last year (44% vs. 50%), while the number of organizations that reported layoffs has decreased slightly (23% vs. 25%) and the number of employed project managers has increased (92% vs. 89%).

Snapshot Trends

The following trending information has been collected from the quarterly PMI economic snapshot research. The most recent results below are from Q2 2015.

Government Involvement

The percentage of projects funded by government stimulus monies has remained stable over the past few quarters. That percentage increased from 11% in the second quarter of 2014 to 14% in the second quarter of 2015.

The PMI Economic Snapshot Survey is sent to a random global sample of 2,000 PMI members and credential holders on a quarterly basis.

Please direct questions about the study to market.research@pmi.org.