5 Signs You Should Invest In Project Management

5 Signs You Should Invest In Project Management

Consistency is one key factor which is required for project excellence, and more and more project managers are looking towards adapting a technical approach towards managing their projects. This ensures:

  • Uniformity in the delivery mechanism,
  • Accuracy in product delivery,
  • Maintenance of quality, and
  • Assurance of customer satisfaction

Safeguarding the outputs and ensuring customer delight are what project managers are concerned about. The impact of competition and global economy are also matters which coax executives to invest in authorized project management trainings.

The courseware designed by PMI for Project Management Professionals assist them from the beginning of a project till the very end of it. From deciding on a conceptual budget of the project to calculating the slack, and from designing the WBS to communicating between cross-functional teams, everything is a part of the PMBOK program.

But, all that is being said will make no sense until the top officials truly feel the need of a methodical and controlled process to handle projects. So, let’s talk about those 10 vital signs which will help decide on the need for a Certified PMP® Training.

  1. Lack of communication to arrest stakeholder satisfaction: This is perhaps the primary sign to show that your progress, your profits, and also your delays and constraints need to be communicated along with the right metrics. Project communication management instructs the correct methodology to capture and communicate the project movement in a manner that strikes the stakeholders the most.
  1. Lack of coordination between the plan and the execution:  While the kick-off of the project happens with all pomp and show, the actual execution is far from the plan and sees quite a lot of changes. A well-documented, acknowledged project charter can help arrest this chaos.
  1. Inefficiency in managing more than one project: When the requirement is to manage more than one project, with different timelines, resources, and deliverables, project managers bear the brunt of operative delegation. PMP training equips professionals to gauge the scope, time and cost of each project with utmost accuracy.
  1. Inadequacy in calculating minor risks: While the major risks can be foretold by studying older, similar projects, minor risks show up recklessly. Project Risk Management knowledge area educates managers to curb these trifling yet detrimental hazards.
  1. Quality of the project seems to go downhill due to time-crunch: Towards the end of the project quality doesn’t seem much of a priority, and this is when customer satisfaction gets hindered. Planning and working on TQM, using COQ technique, and arranging for alpha/beta testing substantiates quality of the output being preserved.

The PMP training and the knowledge areas are fundamentally the guidelines to make a project worthwhile, throughout all of its phases. From understanding the triple constraints of scope, time and cost to the resolution of conflicts, project management covers it all. And therefore, more than 86% of the organizations have already invested in it, and 52% of the rest are ready to consider the benefits.