Did you know that only 2.5 % of companies are able to complete 100 % of their projects?
And the reason behind these staggering numbers is simply a lack of proper project management. Now, if this doesn’t say why project management is critical for corporational success, what will? Read on to find out…
Research by PWC shows that 44% of project managers don’t use any software or popular tools to improve performance and project satisfaction.
No matter how many project managers have pursued a PMP online certification, if they are not leveraging modern tools and technologies at their disposal, it’s all a waste. In today’s time and day, technology is at the forefront of every job role. Leveraging these technologies is only common knowledge.
Before you enrol for a PMP online certification, let’s help you understand the importance of project management for an organisation.
- Helps Outline a Project Plan
More often than not, organisations overestimate how quickly they can achieve a given set of deliverables and underestimate the costs, or worse, both – which is a recipe for disaster.
Project management allows managers and leaders to consider the big picture and set realistic goals, budgets, and timelines. Without this, a project can go off track very quickly.
In order to set these realistic goals, project managers communicate with different stakeholders and senior management to understand the objectives and priorities of the initiative. And based on that understanding, they outline a project plan that balances the priorities and lays down the time and budget for a project.
- Helps Lay Down Clear Focus and Objectives
Project management helps organisations see eye-to-eye with their priorities and define project objectives. However, if left to the team to handle, the project’s scope and objectives can get muddled very easily, very quickly.
And Unclear Focus = Scope Creep = Missed Deadlines + Overspending.
Moreover, without a project manager to oversee the project plan, tasks, and overall performance, teams won’t notice potential risks factors as they arise. And if they don’t address these risk factors, they could end up prioritising the wrong tasks.
A PMP online certification can help you understand the risk management facet of the domain so you can help your team remain focused on the right tasks at the right time and adapt as needed.
- Aligns Projects with Business Strategy
One of the most critical advantages of project management is that it helps align the project’s objective with the organisation’s overall business strategy. After all, if your organisation is not good at project management, you are putting too much at risk in terms of delivery, quality, and ultimately, efficiency.
In simple words, project management is the driver of organisational strategy.
So if you don’t have your initiative straight, you miss out on crucial opportunities to grow. One such PMP certification that helps you gain the requisite knowledge is the IIM project management course. Offered in collaboration with Talentedge, this course helps ensure that you are well-equipped to align the project’s overall goals and its milestones with the organisation’s strategy.
- Helps Breakdown the Project into Manageable Pieces
Another reason why project management is critical for success is that it helps the right people to perform the right tasks at the right time. Without a well-thought-out project management plan, teams end up reworking on issues they have already tackled with.
Project management breaks down a project into small, manageable pieces. And this allows the project manager to set a clear process of assigned tasks, milestones, and deadlines, directing their team towards efficiency and greater agility.
For more in-depth knowledge into the what, why, and how of project management, consider enrolling for the IIM project management course. Meanwhile, you can refer to a case study on PMP certification in India, which can lay down the scope, scale, and prospects that lie ahead of you.
- Keeps an Eye on Quality Control
Quality control is perhaps one of the most critical components of project management. Your project can meet all the parameters and deadlines, but if the quality is not at par, the project will be deemed a failure.
Unfortunately, more often than not, teams fall into this trap very easily due to the pressure of delivering on time and within the given budget. This can lead to rushed work and shoddy execution. This is where project management comes in. It manages the deadlines and objectives and helps project managers keep an eye on how well the tasks are executed.
Of course, every project will have different parameters when it comes to quality. However, as a project manager, you must learn the basic quality parameters of your industry. A PMP online certification is the ideal choice. However, you need to prepare rigorously to acquire a PMP certification. You need to get certified by the PMI, take PMP examinations, and gain work experience of at least 2 years. But in the end, it’s all worth the effort.
- Aims to Improve Efficiency, Mitigate Risks, and Optimise Resources
A penny saved is a penny earned, and that is what project management focuses on.
By optimising the use of resources, improving efficiency, and decreasing risks, project management reduces overall costs. Therefore, even with unforeseen expenses, you stand in the clear.
Furthermore, the project manager ensures that the quality of the deliverables remains at par and the project is delivered on time. This results in delivering what was promised to the client – a quality project on time.
Takeaway
In retrospect, project management is critical to organisational success. And with the right tools, you can make a big difference to your project’s success.
If you are worried about the kind of jobs you can get with a project management certification, DON’T. A PMP online certification enhances your skill value and boosts your career prospects so you can land a job in almost every sector or industry. A credible certification is all you need.
The IIM project management course offered on the Talentedge platform is considered to be the best in its class due to its comprehensive curriculum, 360-degree knowledge, and advanced skill set it can help you acquire. So enrol for this course TODAY and make your way towards career progression.