| Do you have enough funding at present to deliver to deadline and specified quality criteria?
Without proper funding, projects often face a difficult choice between compromising on time or on quality. Whichever is chosen, there is likely to be an impact on the benefits they’re able to deliver.
We found that in only three UK regions – Scotland, North West England, and South West England and the Channel Islands – did the majority of respondents have enough funding at the present time to deliver their social benefit project to deadline and to specified quality criteria. In every other part of the UK, the majority said they lacked sufficient funding to meet their original deadline, quality criteria or both.
The issue of funding is most keenly felt in the East of England, where 75% of respondents said they didn’t have the funding needed to deliver to deadline, quality criteria, or both.
When broken down by industry sector, the survey results showed that project professionals in the architecture, engineering and building sector are most likely to have sufficient funding to deliver their project to deadline and to desired quality standards (60%).
The ones least likely to have funding to meet deadline and quality targets are those in the sales, media and marketing sector (27%). The majority of project professionals in this sector state that their social benefit project did have enough funding to meet at least one of these criteria, however.
The sector with the highest proportion of respondents who say their current funding is insufficient to meet deadline and quality criteria is the education sector (5%).