Effectively managing projects is an important element to the overall success of an organization.
Organizations that acquire talented and skilled project managers have a higher overall success rate when it comes to completing projects. Training is a key element to success, and here are some reasons why.
Helps with meeting deadlines
A Harvard Business Review report has found that one out of every six projects has a cost overrun of at least 200%. The report further stresses that these projects have a schedule over run of approximately 70%.
These shocking statistics show how poorly projects are run globally by non-qualified project managers. Trained project managers are able to set reasonable deadlines to achieve realistic goals. Attending an Online PMP training
course will help project managers learn the standards set forth by the PMBOK.
Improves resource allocation skills
A project manager should be able to make the best use of the resources that are available. In some cases, the ideal set of resources may not be available at all. In such circumstances, project managers must put into practice their resource allocation skills acquired through training in order to complete the project.
Sharpens project documentation skills
On any given day, a project manager will sort through several project documents that need to go to stakeholders. The most commonly used project documents include:
Project management plan
Statement of work
Project budget vs actuals
Each document has its own purpose and content. Preparing the documentation itself is a task that requires caution and attention. A project manager who has completed online PMP training will be able to complete the documentation part without any common mistakes.
Provides knowledge to use tools and resources
Information Systems and project management go hand in hand. In most business scenarios, the project manager will use Information Systems and reports generated by it to monitor the progress of multiple projects.
An online PMP prep course helps the project manager to become:
Well versed in Information Systems commonly used in project management
An expert in generating and archiving reports related to each project
Skilled in monitoring several metrics as provided by the Information Systems
Encourages proactive decision making
It is estimated that for every 100 projects, 94 projects are restarted due to poor planning and allocation of resources. Unqualified project managers who lack experience fail to have a long-term vision for project implementation, which causes delays in projects.
Organizations that provide online PMP training for their employees find themselves among the top 80% of high performing businesses. They are able to achieve 3.5 times better project results than those organizations without PMP training.