Key competences covered: project management skills, scheduling, project planning, project execution, project stakeholders, project status reports
How can you deliver projects on time and on budget?
A large industrial manufacturer after investing €40m over 3 years decides to put a stop to the project. A partner organization who was going to use the product developed by the project also loses their investment of €10m. A newly modified plant for the product stands idle, as there are no customers for the product. Somewhere the benefits realization plan of the project must have failed.
What is the morale of this story? Well, it is poor project management all the way from the decisions made to initiate the project, through planning, execution and providing adequate project oversight.
Amongst the pitfalls that were cited in the this project: poor justification of the project, decision making based on the enthusiasm of a few important stakeholders in the organization, poor understanding and explanation of the technology, focusing on just numbers, poor project oversight and we can go on and on. By the way, this is a real case.
Was this the first major project of this company? No, it wasn’t. But this one put a big dent in its finances. Luckily for them the company survived and is still operating today. For some other companies project failure has cost them their existence. Some others like government funded projects have a safety net, which is covered by tax payers’ money. That way a €600m project can balloon to €7 billion without much of a problem except for criticisms in the local press – e.g. Berlin’s new Brandenburg airport that was scheduled to open in 2011, then 2017 and now finally and hopefully at the end of 2020.
Are these companies novices in project management? How can it be? Project Failure due to poor project management practices should be relegated to the past at this stage. We live in an era where there are numerous bodies that provide standards and methods for all types of projects, programmes as well as the management of portfolios. Thousands of organizations world-wide are engaged in training and preparing project managers achieve certifications – and there are many types of certifications one can go for – PMP®, PRINCE®, CAPM®, PgMP®, MPM, Agile, CPMP etc. There are over 3 million certified project managers in the world. And yet, certification does not guarantee success in projects. Well informed sources put out project success and failure statistics that indicate annual losses from projects to be in multiples of 10s of billions of Euros annually – and these do not include Research and Development Projects where organizations do take a calculated risk in financing these.
What is important is to know how to apply project management practices in projects, as well as methods best suited for the type of project at hand. This must be complemented by adequate benefits realization plans. A 2018 study, “pulse of the Profession“, published by the Project Management Institute, highlights that only 17% of the surveyed companies (over 1000 PM professionals) had a high benefits realization maturity. Meaning that most projects are done without a good understanding of the business value that they bring.
No doubt then that 80 percent of global executives surveyed in an Economist Intelligence Report believed having project management as a core competency helped them remain competitive during the recession. This was followed by a survey carried out by McKinsey & Co. who found that nearly 60 percent of senior executives said building a strong project management discipline is a top-three priority for their companies as they look to the future.
Project Management Training Programmes
MCE has developed a full portfolio of Project Management training programmes for managers in international companies and organizations. These programmes cover key competences including: project management planning, project execution, scheduling, key roles and responsibilities, stakeholders, project management book of knowledge and more.
These programmes are available as:
- Open Programmes: Online or Face-to-Face (across EMEA region)
- Off-the-Shelf: delivered for your company with limited changes
- Modules: Any of the programmes can be customized for an InCompany solution for your organization.
To find out more about MCE’s services and to arrange a free call:
- email: [email protected]
- tel: +32 2 543 2120
Project Management Skills for Non-Project Managers
Essentials of Project Management for the Non-Project Manager: focuses on launching a new project, planning the work, applying best practices and techniques, reporting the status, roles and responsibilities, framing the project and more.
Ideal for: all business professionals whose roles require coordinating project activities and stakeholders, or are making a career transition towards project management.
Project Management Skills
Improving Your Project Management Skills: The Basics for Success focuses on the project management framework, starting the project, SMART models, Work Breakdown Structures, scheduling the work, budgeting, executing the plan and closing the project.
Ideal for: business people who are new to project management, “accidental” project managers (i.e. professionals for whom project management is secondary to their jobs), business analysts, subject-matter experts from any field who contribute to projects, managers responsible for projects and experienced project managers looking to review current tools, techniques, and processes.
The Full Project Management Programme
Project Management Excellence: The Complete Programme focuses on the project management framework, the Project Management Body of Knowledge, starting the project, planning the project, executing the project plan, monitoring and controlling the project, closing the project and more.
Ideal for: project managers, programme managers, and project team leaders who have several years of experience initiating, planning and managing projects, and project team members who are interested in enhancing their career by preparing to become a certified PMP.
Prerequisite: This programme requires you to have basic knowledge and experience in project management. It is not designed for total beginners in project management.
Live Online Express Courses - 2.5 hours online
Live Online Express Courses: Improve your management skills in just 2.5 hours without leaving your desk.
- Virtual class room with all participants connected (live in real time)
- One session of 2.5 hours
- Work in small groups and breakout sessions to maximize learning
- Get real-world advice from business practitioners in the field
- Receive live, personal feedback from your facilitator and peers
- Engage in a variety of activities that create a dynamic learning experience