A report by PMI, Pulse of the Profession™ In-Depth Report: The Essential Role of Communications, quantifies what executives and project managers around the world would agree, poor communications contribute to project failure. According to the 2013 Pulse report, for every US$1 billion spent on projects, US$135 million is at risk. Fifty-six percent of that amount — US$75 million — is at risk due to ineffective communications.
Organisations that communicate more effectively deliver more successful projects. PMI’s Pulse research reveals that highly effective communicators are five times more likely than minimally effective communicators to be high performers — to complete their projects on time, on budget and having met original goals and business intent.
Social collaboration can assist and improve project communication. With project conversations, key deliverables, important documents, and major milestones all collected and unified in context, your teams can identify issues, solve problems and communicate with ease, keeping everyone up to date on the status of deadlines and deliverables. Find out how, with Kona.