Shocking Levels of Inefficiency and Waste Reported in Projects: Is this Sustainable?
Research done by the Project Management Institute (PMI), the global standard in Project Management methodology, shows "organizations continue wasting $109 million USD for every $1 billion USD invested in projects and programs".
Maybe your organization is not yet at that critical level, but you have to admit- -this research shows an alarming trend.
Project Management has a triple constraint of Scope, Time, and Cost (with the goal of a balance between the three) and a focus on Quality, Risk Management, and many other variables. It's not easy work but it can be simplified when global standards are used as a framework.
"Organizations that embrace, value, and utilize project management [standards] -- and both recognize and attribute their success to [their] use --report more success, less waste and achieve greater competitive advantage."
We use the international standard PMI methodology and are committed to helping you reach your goals of successful and sustainable project outcomes, with a balance of the triple constraints and without headaches.
What Did YOU Learn Today?
According to the Association for Talent Development (ATD), the "ROI on Training and Coaching is 7 times the initial investment" and "35% of Millennials report training and development as the top benefit they want from a Company".
These factors, combined with the "traits and behaviors lifelong learners exhibit, such as self-motivation, insatiable curiosity, and intelligent risk taking" clearly demonstrate the compelling need for a learning focus within organizations who want to grow.
Unfortunately, those of us who recall the downturn of 2008 remember that Training and Development staff were sadly among the first to be decimated through layoffs and departmental restructuring at many companies. The focus on employee development became categorized as an afterthought that did not improve revenue. While we all understand that tough decisions must be made in business, not providing development for your employees is not only short-sighted, according to this report, a large group of the workforce is clearly stating its objection to the outdated continuation of those policies.
Ready to realize the benefits of helping your employees move to the next level in knowledge and skills?
Contact us for customized training programs including SCORM compliant LMS options, gamified training, skills training, and Mentorship Solutions.