Did you know that 70 percent of all business projects fail?
There’s no doubt this is a shockingly high percentage. In fact, it’s way too high, wouldn’t you say? The three main reasons for this business project breakdown are lack of direction, failure to stick to the budget and not meeting deadlines.
This all results in a sub-standard project that doesn’t meet its goals and these problems can easily be prevented by introducing one major player into the game: a project manager.
Project management is like the glue that holds your team together. It doesn’t matter what industry or field you’re in, whether its scientific research or business consulting - a project manager is critical to delivering successful and efficient projects.
Project managers are also the ones that will oversee the whole project and navigate others in your team through the good times and definitely through the bad. So let’s have a closer look at exactly how project managers do this and what benefits they’ll bring to your business.
Project managers are planning the final result from the very beginning. Their role is to create briefs and objectives so that the whole team knows what they’re trying to achieve and how they should achieve them.
After all, clients will have certain goals they want you to achieve through your project, so it’s important that everyone sticks to these guidelines at all times.
The project manager will find the best way to achieve these goals and make sure the right strategies are followed to keep everything on track. Plus, this guidance isn’t just at the beginning – it’s through the whole project lifecycle.
When disaster strikes, it’s easy to throw in the towel and give up. This is what leads to 70 percent of business projects eventually failing, right? Well, with the help of a project manager, any issues or problems that arise will be dealt with effectively and efficiently.
Sometimes you can’t stop something from going wrong in a project. The most important thing is how you react to it. Your project manager will make sure everything stays on course, whether your budget is suddenly cut or there’s a change in direction. They’ll work on adapting the team strategy and make sure nobody gets lost in the fog.
When you’ve got a team of people, there always needs to be someone in charge that leads everyone and keeps everything on track. In business projects, this is the role of the project manager.
They’re the captain of the ship and make sure the project is steered to success. Using their leadership skills, project managers will inspire the team vision and motivate others to deliver.
Plus, project managers make sure the right people are in the right places during projects to best utilize everyone’s skills and knowledge to the fullest potential.
Every project has a budget and certain resources. Of course, the most important thing is that the project uses the budget wisely in order to meet its goals.
A project manager will provide the continuous oversight that’s needed to monitor everything that’s included in the budget so that nothing runs over. This is HUGE.
Without someone leading the team, it’s hard to stick to the schedule and meet the deadlines that clients expect. But a project manager’s role is to ensure that tasks are accomplished efficiently and on time.
They’ll create milestones, reviews and timelines to make sure that everything runs its course. This ensures clients are happy with delivery of the project.
Of course, these are the benefits of a project manager when they know what they’re doing and take their role seriously. In other words, project management is only good when it’s done properly.
How can you make sure project management is successfully implemented into your projects? It’s easy, through effective online training. After all, you don’t want your project to be like an episode of The Apprentice!
Project management may sound easy, but when it comes down to it, there’s certain skills and knowledge that a project manager needs in order to start and finish a project successfully.
From the planning and organizing of the project and the team to maximizing available resources and ensuring a quality end result, project managers need to learn how they can complete their role successfully first before they’re launched into the deep end.
E-learning courses are one of the best ways to provide project management training for your employees. They’re designed by experts and provide some of the best project management techniques from professionals around the world.
Plus, they’re available 24/7 and can be accessed in your employee’s own time. You can even track how your new project managers are doing to make sure they’re ready to take on the next big project.
At the end of the day, you reap what you sow. If you provide your employees with project management training, this is going to pay you back when it comes to successful project management.
So, make sure you choose to invest in your project managers today so you can be part of the 30 percent of businesses that succeed in their projects!