Why PMP Certification is beneficial for Corporates?

Posted by Kirti on October 29th, 2019

With the rise of the corporate training companies, Project Management training has a great impact for the organizations growth and Project success.

In Project Management, PMP Certification is the most popular training where it boosts Project practitioners to perform better with learning the Project management ethics.

“Champions are those organizations that see 80 percent or more of projects being completed on-time, on-budget and meeting original goals and business intent, and that have high benefits realization maturity” – CIO.

There are various reasons for Project Failures in most Corporates,

  1. Poorly defined project scope
  2. Inadequate risk management
  3. Failure to identify key assumptions
  4. Project managers who lack experience and training
  5. No use of formal methods and strategies

And many….

Many hiring organizations and recruiters have stated that 10% of the project manager job posting require the candidate to hold a PMP Certification which states that the candidate has the new updated skills and grown with all the experience and knowledge of the project management industry.

Thus most of the Corporate look for Project Management Training specially, PMP Corporate Training.

Corporate training doesn’t have any eligibility criteria for PMP training, but if an individual is planning for the PMP Certification exam then there is an eligibility criteria that needs to be met.

PMP Certification requires an extensive training which will give you 35 PDUs. To apply for PMP® Certification you must need the educational and experiential requirements:

  • 4500 hours of Project Management Experience
  • Three (3) years of Project Management Experience within the past eight-year period prior to the application
  • 36 unique (non-overlapping) months of Project Management experience
  • 35 contact hours of Project Management education

** Differs with Non- graduate candidates.

 

PMP Certification Training in an organization is a really beneficial activity as every organization needs to motivate their employees in order to boost their motivation. PMP Corporate training has so many benefits to all the project managers

  1. Exchange of Knowledge: Experienced employees/professionals drive this training the employees are able to learn the tricks as a group and will help in handling the future projects with ease and unity.
  2. Enhance the skills of employees: These increase the capabilities of the organizations. These help the organizations to encourage employees to add value by improving processes and concepts. Employees are also expected to think out of the box to add further value.
  3.  Employee Motivation: Corporate Training helps to boost the employee motivation. It helps to improve their delivery action, creation of ideas, control in attrition, etc.
  4. Attrition control: Due to employee motivation & self-actualization benefits, attrition can be controlled and used effectively. All the Expenses of the employee for the expensive training are paid by the organizations with some employment retain policies. Attrition is a big problem that organizations are facing currently and comes with a very high cost. To have a solution for the same, corporate training is essential nowadays.

Almost all organizations calculate the ROI with the base of the above points. The ROI will state that the training cost incurred is more beneficial to the organizations for a short and long term period. Many Organizations prefer Corporate Training nowadays as they say it as a really good investment.

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Kirti

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Kirti
Joined: October 29th, 2019
Articles Posted: 10

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