Successful project completion is a major challenge for today’s businesses. That’s the case for both internal undertakings and those businesses complete for their clients. In fact, an estimated 70 percent of companies have at least one failed project each year, and many report multiple unsuccessful ventures. Beyond outright failures, over 40 percent of businesses’ somewhat successful projects aren’t completed on time, on budget, or on par with all of their goals.
Exploring the Benefits of Project Management Certification
For businesses that have certified project management professionals on staff, those statistics greatly improve. Regardless of a company’s size or the industry in which it operates, a PMP can bring numerous benefits to the table. Instead of having a dominant failure rate, by some accounts, businesses that employ PMPs have an average success rate of 90 percent. In addition to helping employers improve, earning a degree in Project Management can give you a range of personal advantages.
1) Increased Earning Potential
Salary is an important factor for most people. Having a degree in project management can bolster your earning potential. According to recent reports, those who’ve earned PMP degrees earn between 20 and 33 percent more money annually than project managers who don’t hold specific certifications.
2) Expanding Your Employment Opportunities
Another advantage of earning a project management degree is expanding your employment opportunities. Employers are realizing the value of having certified PMPs on staff, so they’re increasingly looking for candidates with degrees in this arena. Research indicates that there aren’t enough certified PMPs out there to meet the growing demand right now, so having a degree in this field will place you in high demand and bring you numerous employment possibilities.
3) Improving Employers’ Success Rates
As mentioned, PMPs can greatly improve companies’ project success rates. That makes you a valuable resource for today’s businesses. It’ll also give you the satisfaction of knowing that you’re helping your employers improve and grow.
4) Boosting Your Self-Confidence
Earning a degree in project management can boost your self-confidence as well. You’ll enter into projects knowing you have the skills and experience needed to ensure they’re successfully completed. That, alone, is immensely valuable.
5) Being a Strong Leader
Leadership skills are among the most important factors in teamwork. You’ll learn those skills while earning your PMP certification. That, in turn, will give you one of the most valuable tools you need to keep your teams, and your projects, on track.
6) Credibility With Your Teams
Additionally, if you have a project management degree, the teams you work with will know that you’re fully qualified to lead them. That’ll give you more credibility in their eyes, so they’ll be more likely to follow your guidance. In short, both your strong leadership skills and your heightened self-confidence will strengthen their confidence in you.
7) Ongoing Professional Development
Finally, being a certified PMP means you’ll continually build upon the skills you initially acquire in your training. This isn’t a one-time educational experience. You’ll need to participate in ongoing education from time to time to keep your knowledge and certification up to date. As such, you’ll always be on the leading edge of the latest advancements in your field, so you’ll always be prepared to lead your teams to success.
Earning Your PMP Certification
Though the majority of companies struggle to complete projects, PMPs can greatly improve their success rates. Earning a degree in project management will give you the tools you need to help employers bring their projects to fruition. This type of certification can make you an invaluable asset to employers and bring you a range of additional advantages.
