11.000 thousand applications ≠ 11.000 permanent residencies. Saying that, to reach the quota the government will need to accept less than 11.000 applications. Statistically it could be a third, so roughly 4.000: Some applications are unipersonal, some are of couples and groups of 3/4, etc.
Although a lot of people may apply, not everyone does it correctly or are eligible for many reasons.
Overall:
Step ONE checks for eligibility, completed signed forms, and readable/complete list of basic 'requested' documents .
Many can be ineligible, forms can be wrongly filled/not signed, some people lack documents/are not readable. (Still while lacking documents or having document variations, people are getting positive response)
2.After applying and being processed applicants must pass background checks and medical exams. > This step might shut down some of the already accepted applications,: opening space for eligible ones in the queue. If an application of a family of 4 is denied, it will open 4 new reviews for unipersonal applications or 2 new reviews for couples, or a new review for a single person and a family of three...
Beyond that: Governments have a plan within an immigration program of how many family groups they will accept, how many single people, couples... This might also affect the order of applications processing some profiles faster instead of another. Also probably because of the humanitarian nature of the program, people who have been displaced from country of origin, might have some priority, like for example Venezuelans living out of Venezuela (seem to get positive response) Once again not all Venezuelans out of country of origin might meet all requirements so not just because displacement they will be accepted.
Lots of factors affect this processes...