A first in 5 years: India beats China in project execution, says study

Money wasted on projects lowest in India; European projects most wasteful

Project Management Institute's (PMI) latest research shows that for the first time in five years, more projects in India are meeting original goals and business intent while being completed within budgets, and that fewer projects are deemed failures.

The findings unveiled today in PMI's 2017 Pulse of the Profession: Success Rates Rise, Transforming the High Cost of Low Performance, demonstrate that last year organisations across the globe reduced the average amount of money they wasted on projects and programmes by 20 per cent over the previous year.

The study found that, globally, organisations wasted an average of $97