Project Management

project management FOR BEST RESULTS, ADD TRAINING how project management trainıng is successfully raisıng the bar Project managers are often thought of as the gears that keep a business moving full-steam ahead. But with the high-stakes pressure of deadlines, limited staff, and tight budgets, they need all the help they can get. One survey, conducted by PM Solutions Research, provides some insight into how companies are going about training their project managers-and the results they are witnessing. how are busınesses traınıng project managers? •T DAY! UDGE • DUTSOUR $2,211 56% The average number of training days The percentage of project management training The average amount spent per year per employee by businesses on project management training. project managers undergo each year. that businesses outsource to external vendors. PERCENTAGE OF ORGANIZATIONS OFFERING PM TRAINING AND AVERAGE AMOUNT SPENT $2,421 $2,435 $1,854 84% 79% 62% LARGE ORGANIZATIONS MID-SIZE ORGANIZATIONS SMALL ORGANIZATIONS (revenue > $1 Billion) ($100 Million - $1 Billion) (revenue < $100 million) PM TRAINING INITIATIVES ADDRESSED BY ORGANIZATIONS 65% 63% 61% 57% 57% 55% BASIC PROJECT AVOIDING MISSED PROJECT DEADLINES DEVELOPING PROFESSIONAL PROJECT MANAGERS IMPROVING QUALITY REDUCING PROJECT FAILURES MINIMIZING MANAGEMENT SKILLS SCOPE CREEP 53% 48% 24% 21% 21% ONBOARDING NEW EMPLOYEES RESPONDING TO COMPETITIVE PRESSURES EXECUTIVE MANDATES MINIMIZING INCREASING PRODUCTIVITY ADHERING TO COST OVERRUNS news flash: trainıng produces results ORGANIZATIONS HAVE EXPERIENCED BROAD SUCCESS FROM THEIR TRAINING INITIATIVES Organizations that measure improvement witnessed a on average, across the 8 major areas of project management performance. 26% improvement, Stakeholder Satisfaction 29% Schedule Performance 27% Project Failures 26% PERCENT OF IMPROVEMENT Quality 25% WITNESSED BY ORGANIZATIONS Budget Performance 25% AFTER A YEAR OF PM TRAINING Requirements Performance 25% Productivity 24% Time (Speed) to Market 24% WHICH TRAINING METHODS ARE MOST EFFECTIVE? INSTRUCTOR-LED CLASSROOM TRAINING 87% 69% 57 29% 48% 27% 25 20. 40% 53% + MOST INSTRUCTOR-LED CLASSROOM SELF-DIRECTED INSTRUCTOR-LED TECHNOLOGY-DELIVERED BLENDED LEARNING EFFECTIVE E-LEARNING VIRTUAL LEARNING TRAINING METHOD O Percentage of Companies Using Training Method O Percentage of Companies Rating the Training Method Effective or Very Effective the future of project management Eraining + PERCENTAGE OF ORGANIZATIONS THAT INTEND TO PURCHASE THE + FOLLOWING TRAINING PRODUCTS AND SERVICES IN THE NEXT YEAR 48% 40% 40% INSTRUCTOR-LED CLASSROOM TRAINING PROJECT MANAGEMENT BASICS TRAINING ADVANCED PROJECT MANAGEMENT SKILLS TRAINING 36% 30% 26% INTERMEDIATE PROJECT MANAGEMENT SKILLS TRAINING SELF-DIRECTED E-LEARNING PROJECT MANAGER COMPETENCY ASSESSMENTS 23% 19% 19% INSTRUCTOR-LED VIRTUAL LEARNING CUSTOMIZED COURSE DEVELOPMENT PROJECT MANAGEMENT CAREER PATH DEVELOPMENT 16% MENTORING 14% 14% TECHNOLOGY- DELIVERED TRAINING BUSINESS ANALYST SKILLS TRAINING 12% CONSULTING 11% 4% BUSINESS SKILLS TRAINING TRAINING PROGRAM ADMINISTRATION 3% MOBILE LEARNING (IPHONE, IPAD.) mindflash.com SOURCE: PM SOLUTIONS – HTTP://WWW.PMSOLUTIONS.COM/RESEARCH/