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 skills training programmes
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
How to Successfully Execute a Project Plan
Learn how to deliver results no matter what comes up. In less than 3 hours you’ll get techniques to manage change requests and negotiate with stakeholders to prevent delays.
How to Start a
Project Right
Set your project up for success. Learn to properly plan dramatically increases your odds of meeting project objectives and coming in on time and under budget.
Create a Project Schedule that Works
A well-defined project schedule is the most important tool that will guide your project to completion. Equip yourself with the skills to deliver the expected results on time and budget.
Tips for Giving and Receiving Feedback
When done right, both
giver and receiver of feedbacks
are inspired to improve
business results and leap to
higher performance in their position.
FAQs
What are the training timings and are there any breaks during the day?
All MCE training programmes are scheduled from 9:00am to 5:00pm each day. There is a lunch break at 12:30pm of 1 hour and coffee breaks.
You can plan to finish each day at 5:00pm (except for the last day of the training, that you will finish at 16.00)
Who will be delivering the training programme? Are they experts?
Yes, all MCE Facilitators are experienced business people with more than 15 years corporate experience. They are experts and understand your business issues.
Do you provide any visa support?
Yes, MCE will provide you with a Visa Letter to support your application to the Embassy. You will be able to download your visa application letter on the MyMCE platform
Will I receive a Certificate after attending the programme?
Yes you will receive an MCE Certificate if you have attended all the days on the programme. If you miss some of the classes, you will not be eligible for the Certificate.
Is lunch included?
Yes lunch is included each day. Depending on the training venue, there will be a buffet or 3-course meal. There are various choices available and there is always a Halal option available. If you have special dietary requirements please let us know in advance (e.g. dairy intolerance etc.)