Those employed in project management will almost allways be looking for new methods to boost their efficiency and manage their resources, and thus their projects, in a far better manner. One of the tools they may use to do this is PRINCE2? – the process-based way of effective project management. It offers flexibility plus a product-based management approach, focusing dividing a project up into easily manageable portions, or stages.
As a way to embed and tailor the PRINCE2 technique to the requirements of both their organisation as well as their projects, individuals will have to undertake PRINCE2 training – either at foundation or practitioner level according to their role in the project management process. However, training, much like project management itself, has to be quantifiable and businesses need to be able to justify spending the money on training programmes and resources.
Essentially the most measurable benefit of PRINCE2 training courses is that qualified PRINCE2 managers have a greater potential for success. It is suggested through data collected on project management benchmarking that certified project managers have around a 10% more than average success rate. So, businesses who train their staff within these areas should expect them to demonstrate more success in managing their projects.
Another measurable benefit is the fact that those people who’ve taken their PRINCE2 training actually earn more. Although this benefit is a lot more swayed to the individual instead of the company it is worth mentioning that by being more lucrative and earning more for their successes, project managers are more likely to remain motivated and focussed when dealing with future projects.
A handy way to look at the advantages of PRINCE2 training is simply by taking a look at whether managers have been able to complete and deliver the required project outputs to the specified quality level, on budget, and within the given timescale. Though these benefits are only able to be measured once projects are finished, they’ll give a good sign of how successful applying PRINCE2 may be and the business should be willing to measure benefits in the short term and in the long term to ascertain the overall success of training.
PRINCE2? is a registered trade mark of the Cabinet Office.
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