Project Management is reaching new heights every day.

Individuals must possess a distinct set of essential skills required for managing projects. Managing a project requires unique abilities to execute the projects from the initiation phase to the project’s closure phase. It has been estimated that the need for individuals skilled in project management will increase by 87.7% by 2027. A PMI report suggests that a project has 40% chances to succeed if managers possess essential project management skills.

Let’s have a look at the essential skills for a manager.

• Only 58% of organizations can fully understand the value of project management. (PMI)
• 93% of organizations report using standardized project management practices. (PMI)
• 68% – more than 2/3rd of organizations used outsourced/contract project managers in 2018. (PMI)
• Only 23% of organizations use standardized project management practices across the entire organization. 33% use standardized methods, but not across all departments. While a small portion – 7% – of organizations don’t use any standard practices at all. (PMI)

Team Collaboration – A Primary Skill For Project Managers

Project Management requires a manager to be able to collaborate and coordinate with his team members. As per Capterra, few vital statistics of team collaboration are as follows:

• 90% of the projects require team participation as opposed to individual responsibility.
• 31% of the companies say that miscommunications about project objectives are the number one reason why projects fail.
• 59% of the workers in the US say that communication is the biggest obstacle.
• 29% of the workers say lack of accountability amongst team members interferes with project success.
• 12% of the project failures are results of unmet or unclear task discrepancies amongst team members.
• 55% of the project failures are due to team members who remain unclear about the project’s objectives.

Hence, it is a manager’s responsibility to manage his team well for its success.

If the manager cannot do so effectively, he/she has to spend more time handling problems related to the team working on the project. As per Capterra, 40% of project managers spend most of their time micromanaging employee responsibility and answering email questions.

Using project management tools

It can help Managers use Project Management tools, which can help save time and increase business productivity. As per PMI, 50% of project managers spend at least one full business day developing manual project reports. It will be fast if the tools are known to managers.

Reducing rework

As per PMI, 80% of employees spend half of their workweek on “rework” caused by poor communication. If employees are trained to do the work attentively and produce error-free work, it can reduce rework. The manager needs to learn the technique to ensure the team does a flawless job.

The success of the project depends on the Project Manager’s effective handling of the project. As per Gallup, 41% of organizations report poor project performance due to a lack of support from the project team. Project management issues cost businesses $109 million for every $1 billion invested in the project.

Training for project managers

The project managers need to learn the techniques and tools that are necessary to succeed. For this, project managers need to take training in Project Management.

Individuals aiming to be project managers can opt for online video training on Project Management. Employees going for this course can do the modules as per their own time. They do not have to take time off from their work to do the procedure and do the training in their free time between work or after work.

Once the aspiring managers complete the course and learn all the tools and techniques, they will manage it better. They will also be able to collaborate better with the project team. It will help the employees to complete the project successfully on time.

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