To stay ahead of the crowd in today’s competitive and tumultuous global economy, companies are turning to project management to consistently deliver business results. Being able to deliver projects on time and within budget often decides whether your company will get the next job or whether its new product hits the market. When you adopt project management practices across your organisation, you can create a strategic value chain that will give you this advantage over your competitors. Furthermore, according to PMI Pulse of the Profession 2018 survey, organisations that use some type of formal project management approach successfully meet their goals. This reinforces the fact that adopting proven standardized project management processes leads to greater organisational success.
Increased staff productivity
Standard project management techniques and processes make collaboration within an organisation easier. When you follow structured processes, it will add business value and create an environment where you can merge collaboration and innovation with proficiency and less risk. Furthermore, if your organisation has a well trained and professional workforce, you can better apply standard project management procedures. Not only will this help you deliver successful projects, but it will also encourage the growth of your organisation.
By adopting project management practices within your organization, you will consistently deliver quality products that your customers need. This will result in repeat customers due to the enhanced satisfaction of customers.
Risk tolerance is necessary for any organisation because projects rarely go exactly according to plan. Project management training teaches leaders and team members how to mitigate risk, plan for uncertainty and reduce ambiguity. With PMP, you can acknowledge and account for risk management. Ron Kasabian, general manager at global IT giant Intel once said: “Good project management discipline stopped us from spending money on projects that fail”. This is evidence that adopting project management practices within your organisation will encourage the avoidance of risks, reduces costs and ensures an efficient delivery process.
The PMP certification is proof that you are cognizant of project management best practices and that you apply them. As a result, having PMP certified individuals within your organisation will go a long way in ensuring that you follow these best practices and that you manage projects within the constraints of time, budget and scope. This will ensure that you manage projects systematically which will, in turn, reduce waste. Also, did you know that according to a survey carried out by The State of the PMO in 2010, the presence of Project Management Offices in organisations saved the companies an average of US$567,000 per project.