When everyone on a project team keeps open lines of communication and makes sure everyone is on the same page, up to 80% of projects are completed successfully and within the original allocated budget. Adjusting spoken and written communication styles are also important when working with a project team, especially when you’re trying to communicate up. Clearer communication sees the highest success rates when project managers take a proactive approach to conveying information, listening to feedback, and recognizing the need for open lines of communication among everyone involved in an organization’s projects.
Key Takeaways:
- For any type of project to be successful, good communication skills are vital for both managers and team members.
- Up to 56% of all projects fail due to poor communication, regardless of the niche industry, according to their figures.
- Scope creep, which affects as many as 45% of all projects, is also a common problem due to lack of communication between different members.
“On a larger scale, at least $1 billion per year is spent on project management, and studies have shown that up to $75 million of that budgeted money is at real risk of being lost due to ineffective communication. Businesses with highly effective levels of communication spend up to 13% less on each project.”
