March 2020 saw a record broken for unemployment claims, and in coming months, according to Moody’s Analytics, more than 50% of the US Workforce is at risk for unemployment. With companies examining their bottom line in terms of remaining viable for an unknown time span, including economic recovery, savvy professionals are seeking training to demonstrate their value. Your skills can be a part of your own professional survival kit.
The most successful Project Managers inspire others to reach goals, apply critical thinking skills to complex situations, and navigate organizational challenges. One way to enhance your Project Management career is through mentoring as either Mentor or Mentee. And mentoring as a development tool is recognized and respected by the C-Suite as an important training investment.
Virtual classes combining live instruction and online materials enable you to learn from the experts from the convenience of your home office space. To prepare for your Project Management Professional or PMI Agile Certified Practitioner (PMP® or PMI-ACP®) certification, start with a virtual training that provides the opportunity to: engage with the faculty directly, expand your professional network across industries, and leverage digital resources as part of your personalized study plan. Research shows that a carefully designed virtual training is highly effective with 86% reporting ”…the experience “just as engaging” or “more engaging than” traditional classroom training…” In that same study, students in the virtual version of a class actually scored higher than their counterparts in the face-to-face classroom.
Training managers know that training encompasses much more that what happens during the class itself. There is an infrastructure of talent, logistics, training materials, vendor management, and employee engagement that must come together for effective learning to occur. Training Magazine’s Industry Report, a standard for over three decades, reported in 2019 total U.S. training expenditures as $83 billion, including the costs of training staff and vendor services. Both direct and indirect costs should be included when determining the true cost of any corporate training effort so that budgets can be determined and the ROI of corporate training calculated.
Most managers are seeking ways to extend product development time to use up more resources, to lose their best talent so that they can spend time and money to constantly be replacing them, and of course, to keep their internal costs as high as possible, right? Uh, no. In any business, regardless of size or complexity, the goal is to produce the product or service in a way that is sustainable and efficient. To achieve that goal, investments are made in corporate training to help employees gain the skills needed to get the job done. According to one industry report, companies invested $83 billion in corporate training in 2019, demonstrating the perceived value companies place on professional development.
With 49 processes in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, it may seem hard to believe that there is any other formal documentation left to write for a project. The PMBOK® Guide details how those 49 processes are organized, and as John Filicetti, PMP, MBA shares, the resulting five process groups each focus on a type of work being performed. The PMBOK® Guide processes do not speak to what the rules for work are nor the steps to accomplish the work. That is where “policy” and “procedure” fit into the project documentation. The 49 processes in 5 groups serve in a professional standardization capacity and should work in conjunction with the specific policy and procedures you may have in your company or project. Process, policy, and procedures all fall into the arena of “procedural documentation” which when done well, can shorten project timelines, reduce risks, and foster communications that lead to more successful outcomes.
Project Management is a dynamic and diverse field which can provide career opportunities across industries and even the globe. The international governing body Project Management Institute (PMI) closely monitors the requirements for achieving the Project Management Professional (PMP®) certification to ensure standards are met no matter where the project manager is working. Yet, the earning your PMP certification is just one component in a robust project management career which you can develop to reflect your professional interests.
Today’s Project Manager must have a resume reflecting the expertise and skill-readiness for a digital age rife with change. The Project Management Institute (PMI) reported 1.4+ million certifications worldwide in their 2018 Annual Report, indicating the global significance of the profession and the incredible competition in the job market. Use the steps below to create a modern project management resume.
Corporate Training and Development is the term used to describe learning opportunities provided by a company to help its employees gain the skills needed to perform specific job duties. For project management, corporate training includes employee’s mastery of industry standards for Agile, Lean Six Sigma, ITIL, and Business Analysis. Corporate training, or learning and development as it may be called, is focused on helping a business grow in-demand skills, reduce turnover, foster morale, and meet customer needs.