The pace of business grows faster every year. And as businesses attempt to stay ahead of innovative trends, the pressure falls on project managers to keep new developments on track.
As a result, the need for excellent project management within an organization will only become more important in the coming years. The numbers speak for themselves:
- Nearly 10% of every dollar is wasted because of poor project management
- Project-oriented industries will contribute $20.2 trillion to the GDP over the next 20 years
- 93% of organizations report using standardized project management practices, but only 58% fully understand the value
The barrier to entry for project management is high. And even for seasoned project management professionals, there’s a need to constantly learn new strategies and techniques.
This is where L&D teams can play an important role. Providing on-demand access to project management courses and building a formal project management training program can ensure this critical function is keepigng pace and improving the business at large.