Based on available industry data*, it’s theorized that about 1 in 6 projects are successful. According to PMI†, a highly trained staff can increase project success rates by 59%. When your entire team is on the same page, using best practices, it’s possible to see significant increases in project success and cost savings.
Based on this data, we have put together a hypothetical ROI calculator to give you a rough idea of the savings you could see with better-trained employees.
Average Project Budget
Number of Projects Per Year
* The Standish Group Chaos Report (2014).
† Data from PMI’s Pulse of the Profession 2019.
With an average of 53% of projects going over budget*, your company could be losing thousands of dollars each year on projects. Investing in your employees and helping them gain the proper skills for project management, could reduce financial waste. You could improve your project success rate, while reducing cost overages by providing your employees with new skills and industry best practices through our corporate training solutions.
With our corporate training solutions, we work with you and your team to develop a custom program that fits your needs. Pull your project team together for a comprehensive session focused on improvement, teamwork, and communication. We bring our instructors on-site to teach small teams of 10 up to 50 or more employees.
Providing a guaranteed number of participants allows us to pass our cost savings onto you through lower per-student enrollment fees.
Conducting the training at your location minimizes business interruption and adds a more familiar and comfortable learning environment.
Training together as a team helps build team identity and enhances buy-in amongst team members.
Selecting your own timeframe allows you to tailor the training schedule to suit your company's needs.
Taking a training course at your location, with your team members, offers the opportunity to relate the key principles to your particular business.
Sending employees to an offsite training location adds significant per student costs such as airfare, hotel, rental car, per diem, etc. By hosting training at your location, you can avoid these costs all together.
Our goal is to give your organization the skills to improve the factors that lead to project success and minimize the factors that lead to failure. Here are the most common reasons projects are successful versus failures‡:
‡ Data from PMI's Pulse of the Profession 2018 (2018)
Take our quick and free Organizational Project Management Assessment to show you where your organization falls on the project management maturity spectrum. See how your company stacks up!
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CASE STUDY
PMA sat down with Jason Gates, COO of Getfused, a full-service digital marketing agency located in Boston. Gates is focused on implementing a strong organizational structure across his firm, which in turns helps its 25-person team better create and execute strategies for clients that include the New England Patriots, Legal Sea Foods and the Ultimate Fighting Championships (UFC)... [Read more]
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