Communication Statistics
• For every $1B worth of projects, approximately $75M is lost due to ineffective communication (7.5%) (PMI 2018). • Recapturing 25% of that lost revenue as profit would generate ~$200,000 in additional profit for a $10M firm ($1.39M v $1.58M per Zweig Group’s average firm profitability index of 13.9%). • Two in five projects do not meet their original goals and half of those unsuccessful projects are related to ineffective communication (PMI 2018). • 88% of remote workers face inconsistent leadership and miscommunications with team members (Institute of Leadership and Management, 2020).
THE PRINCIPALS ACADEMY 2022
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