Project management is something that is required across all industries today. If you currently find yourself managing projects at your place of work, yet you are not a qualified project manager so to speak, now would be the perfect time to plug your skills gap. You may think that you are getting along just fine without any project management qualifications. However, there are many benefits you will experience, as you will discover below:
Solve complex problems – It seems that projects are getting more and more complicated, especially in certain industries, for example, IT. If you add the increasingly complicated landscape of managing budgets and resources, and satisfying stakeholders, managing a project can be a bigger challenge than it seems on the surface. This is why it is a good idea to consider some form of formal project management training.
Increase customer satisfaction – By enhancing your project management skills, you are guaranteed to improve customer satisfaction. In one study, published by Mark Mullaly and Janice Thomas, they revealed that 38 percent of organisations reported boosted customer satisfaction when projects are managed properly. This is because customers reap the rewards in the form of better value and improved quality.
Increase profit and ROI – One of the main reasons why a lot of professionals ignore the possibility of project management training is because they don’t want to spend money on plugging their skills gaps. This is understandable. After all, every business expense needs to be scrutinized carefully. Nevertheless, by enhancing your skills, you are guaranteed to increase profits and reduce margins. Not only is this because projects will become more efficient and quality will improve, but you will also enhance your capabilities in terms of budget management, which can make a massive difference.
Better strategic alignment – Another benefit associated with plugging your project management skills gap is that you will achieve better strategic alignment. In the survey that was mentioned earlier, it was also revealed that 64 percent of the businesses involved in the survey delivered improved project alignment with their business strategy. This means that you will be able to get rid of any projects that do not support your organisation goals. This results in boosted productivity and waste being driven down.
Team success and satisfaction – Last but not least, team success and satisfaction will be achieved once project management skills gaps are addressed. It’s quite simple: confidence breeds success. When you do your job, and you do it well, others will feel more confident in your, and your team will benefit. You will also become better at delegating roles, distributing feedback, and managing your team overall, which will result in them working harder for you and achieving better results.
As you can see, there are a number of reasons why you should plug your project management skills gap. By doing this, you will be able to increase satisfaction amongst your customers, improve ROI, and enhance your ability to deal with complex projects. This can do wonders for you and your business.