Benefits of Project Management..
Benefits For The Project ManagerThe following are benefits of applying project management principles or earning the PMP certification for project managers:
- Contribute to the benefits your manager, director and executives wish to see
- Improve the success of the projects you run
- Improve your effectiveness and reputation as a project manager
- Improve the effectiveness of your team and their buy-in to the project by teaching them about how you are going to run this project
- Improve your value to both the company and the marketplace by earning your PMP certification
- Get hired or promoted first and command a higher salary by becoming PMP certified
- Demonstrate your commitment to excellence by remaining up to date and maintain your PMP certification by earning post-certification PDUs
Benefits for Executives
Often the strategic importance of project management to the organization is underestimated. Project Management means working smarter with more successful completion of business objectives. Project management is the way to make these objectives happen.
Project management applies a proactive approach to planning and executing your mission critical work. Improving work methods has become the critical differentiator of organizational success. Successful strategic projects means successful business. Gain a competitive advantage by applying project management concepts and methods. Your competitors are.
Having successfully completed projects brings the following strategic benefits:
- Increased profitability
- The product of these projects is completed successfully
- Increased ROI for strategic projects
- Cost overruns are prevented or minimized
- Time to market or implementation is reduced
- Completion dates and times can be predicted
- Customer satisfaction is improved
- Market position is increased
- Increased competitive advantage
- Employee satisfaction and retention improve
- Increased net profitability
- Increased market penetration
- Increased confidence in your company's ability to deliver
Investing in project management at a corporate level, and the implementation of a project management office demonstrates your commitment to organizational maturity. Mature organizations are more profitable, have a stronger market presence, and are more respected by investors.
Benefits For Directors
Project management methods provide the means to improve the effectiveness of your staff and projects at all levels. At the departmental level, teaching employees to apply project management concepts will have the following effects:
- Strategic and operational work will be completed for less money
- Projects will be implemented with a greater level and frequency of success
- Employee satisfaction will increase and attrition will decrease
- Rework will decrease
- Costs to implement projects will decrease
- Your department will become more profitable
- You will be able to do more work with less people through increased efficiency
- Get the most value from your education budget
- Raise corporate value by supporting PMP certification
- Contribute to the corporate benefits that executives are concerned about
Project management methods provide the means to improve the effectiveness of your staff and projects at all levels. Teaching employees to apply project management concepts, and applying them yourselves, will have the following positive effects:
- Contribute to the benefits your director and executives would like to see
- Lower employee attrition and improve employee loyalty by providing valuable education
- Make the most of your education budget by training many employees for an on-site fixed daily rate
- Have all employees communicate better by understanding a common language of work
- Reduce stress and anxiety caused by poorly managed projects
- Make yourself more valuable to the company and the market by passing your PMP certification or learning to apply project management principles
- Move up in the organization and increase your salary by proving you can run projects effectively
- Educate your employees so they can successfully implement projects
- Increase your corporate exposure by proving you and your team can successfully complete projects
- Earn the respect of your employees and peers by managing work using proven effective methods
- Earning the PMP certification shows your commitment to yourself, your career, and your company
- PMP certified managers are hired first and command a higher salary
The following are benefits of learning and applying project management principles for people who are new to work, project teams, or are more senior team or work package leaders:
- Show your willingness to learn and work well to your superiors
- Assist with all the goals your managers, directors, and executives are working towards
- Earn promotions and salary increases more quickly by learning how to work well and then applying what you were taught
- Learn how to plan your work and execute it well
- Improve your ability to manage small teams and "get the job done"
- Reduce the anxiety you feel when asked for things or to do things you don't understand - such as change orders
- Prepare for management by becoming PMP Certified
