Pl ans project management case study ans MS PROJECT 13

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SECTION B CASE STUDY Challenges : A few years ago, one of the Pharmaceuticals company's Corporate PMO (CPMO) staff realized that its generic in-house project management training was not adequate to address the challenges faced by its staff, a diverse group of researchers and engineers who took on project and program management responsibilities. The CPMO needed to get project management skills up and going quickly across the company and standardize on a process, thus prompting the development of an internal project management certification program. It intended that a link between company-sponsored learning and professional development would build employee loyalty and morale, fostering improved productivity as well as better on-time project delivery. The implementation of the program gained further complexity when the company was acquired by a global pharmaceutical, chemical, and life science firm while the first groups of participants were still progressing through the certification levels. Pharmaceutical Company's Internal PM Certification Program Brings More Predictable Project Outcomes Solution: The company's CPMO first identified the business drivers and corresponding success criteria, emphasizing the execution of business strategy, retention of top talent, delivery consistency, and accelerating the pace of innovation. From there, it sought out a training vendor who could partner with the organization to develop the competency levels of its project managers in a structured way across the organization and in alignment with its stated success criteria. PM College was selected based on its flexible approach to tailoring course content to the business environment. At the outset, PM College reviewed what was already in place to incorporate elements from the existing training and best practices specific to the business environment. These organizational assets and courses were used to round out a selection of existing PM College courses so that the nrooram could he develoned elements from the existing training and best practices specific to the business environment. These organizational assets and courses were used to round out a selection of existing PM College courses, so that the program could be developed rapidly while still including customized elements such as case studies applicable to its work areas.PM College then finally imparted the training program across the organization to achieve operational excellence. Benefits : Project management training provides many benefits to a company, regardless of its size. Investing in proper training can have a return far greater than the input. Benefits include: Project managers who have gone through training are effective at instigating open channels of communication in a project. This same practice can be brought over to the everyday workplace, improving general company communications and increasing turnaround and response times. A project manager may already be a planning guru or a rock when it comes to stress, but the tools and techniques acquired through proper training will enhance their already-capable qualities. ITIL and PM certification will allow a project manager to better understand how the role technology can and does play in a particular project or within a business. This helps avoid incorrect selection of technologies and their applications. One of the biggest challenges when trying to manage a project is effectively leading a team. Knowing about the scope of the project doesn't give you leadership; that comes from the person. Project management courses train individual in leadership skills, making it easier to manage and direct their team. Avoid hidden costs. Many project managers gained their skills the hard way - through trial and error. This approach can cost Benefits : Project management training provides many benefits to a company, regardless of its size. Investing in proper training can have a return far greater than the input. Benefits include: Project managers who have gone through training are effective at instigating open channels of communication in a project. This same practice can be brought over to the everyday workplace, improving general company communications and increasing turnaround and response times. A project manager may already be a planning guru or a rock when it comes to stress, but the tools and techniques acquired through proper training will enhance their already-capable qualities. ITIL and PM certification will allow a project manager to better understand how the role technology can and does play in a particular project or within a business. This helps avoid incorrect selection of technologies and their applications. One of the biggest challenges when trying to manage a project is effectively leading a team. Knowing about the scope of the project doesn't give you leadership; that comes from the person. Project management courses train individual in leadership skills, making it easier to manage and direct their team. Avoid hidden costs. Many project managers gained their skills the hard way - through trial and error. This approach can cost a business dearly in wasted effort and money, poor customer service, poor deadline management and stressed employees. By investing some money into project management training, this wastage can be avoided. Case Study Questions : 1. Explain the importance of Project Management Training in any corporate to resolve the challenges in execution of projects, give your answer in the view of above case study. 12.5 Marks 2. How can we achieve a better understanding of the relationship between technology and business by implementing a training program? 12.5 Marks