“An employee’s lack of project management skills can result in a company’s overspending, general inefficiencies and an unmotivated team. However, an employee’s strengths in project management can also be directly linked to its success.
1. Project managers increase profit margins
Businesses that embrace effective project management methods reduce risk, decrease cost and benefit from higher efficiency rates. To put this in perspective, a recent study by the Center for Business Practises (CBP) found that such organisations:
- experienced a 75% increase in employee productivity
- completed 50% more projects, and
- saw an improvement on budget by 30%.
2. Project managers maximise team successes
We all want to work in a team that kicks goals each day. Thankfully, good project managers streamline processes and heighten productivity. This is because staff members become acutely aware of what is expected of them, when to deliver work and to whom. The same study cited above also revealed that companies with good project management practices exhibited 40% more employee satisfaction. That doesn’t come as a surprise; after all, success boosts confidence – and when employees recognise they’re doing well, they strive to achieve even more.
3. Project managers problem-solve with ease
According to the CSIRO, tasks at work continue to increase in complexity. Executing these tasks require a high level of skill. With a number of restraints (such as stakeholder requests, costly resources, tight budgets and rapid technological changes, just to name a few) projects are today more complicated than ever.” – excerpted from RMIT University for CIO, click here to read the article in its entirety. Click here to visit RMIT University’s online PM Graduate Diploma. [end]
Well said!. The Project Management Office (PMO) is one of the fastest emerging organizational structures across all industries. The courses offered by PMO Advisory focus on the challenges that are important to effectively manage intense project environments and explore the best practices to improve communication, cut costs and optimize resource utilization. Our courses provide strategies and tactics to enable process improvement for a currently established Project Management Office.