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Undertaking these courses can be extremely beneficial for your career, as such certifications demonstrate project management adeptness and proficiency.
Entry-level certified professionals can expect their starting salary to be approximately £40,000/$51,000, and with experience, this can rise to £85,000/$110,000* - hence Project Manager professionals receive significant financial rewards from their initial investment in the training course and exam.
*Information obtained from Payscale - correct as of 24th July 2017
IBM, the world’s largest technology services company, employs more PMP® certified individuals than any other organisation in the world. In fact, PMP® certifications are now eligibility requirements for the higher-ranked positions within their internal program and 90% of their Project Managers have said that the certification continually helps them within their job. IBM utilise the framework due to the reliance of their business interactions on projects being punctual, productive, and within budget. In 2009, despite the turbulent economic crisis, IBM had a record year with their highest ever pre-tax earnings and cash flow - it is no coincidence that such improved figures occurred in parallel with their enhanced project management capabilities.
Company: Department of Defence (US Military)
Sector: Government and Defence
The Department of Defence required a proficient Project Manager to lead a complete revamp of the Military Health System, hence they utilised a certified manager and followed the framework. Utilising the skills of industrial hygienists, the project ensured the real-time availability of data and information that is crucial to the safety of military personnel, meaning that there is no time delay when accessing data in a crisis situation. In accordance with the framework’s monitoring and controlling process, the Department of Defence initiated a reviewing process to assess the status of the system and to evaluate whether more changes were required. Due to the manner in which the project was organised, the Defense Occupational and Environmental Health Readiness System Industrial Hygiene (DOEHRS-IH) project was completed within time and budget, in addition to:
1.4 million lines of code, 880 individual web pages, and 565 database tables
Developed a system capable of handling 20,000 users, and scalable to 70,000
Reduced the access time to patient medical data which can prevent defence issues from spiralling in the case of an emergency
Enhanced military organisation and functionality in response to terrorism and environmental hazards
A system that now adheres to the government’s urgency requirements of Defence systems
Company: du Telecom and Huawei Technologies Co. Ltd.
Du Telecom provides IPTV, mobile telephone, and broadband connectivity services to individuals throughout the United Arab Emirates (UAE) - accounting for a 40% market share within the region. In 2013, Du and Huawei Technologies Co. Ltd. signed a Memorandum of Understanding (MoU), to enable the development of a best practice guidance concerning portfolio and project management concepts, through transferring knowledge and research findings. The two companies required clarity and a clear project plan to allow parallel improvements to their business share and management techniques. Hence, the framework was utilised to establish a clear project life-cycle plan, from initiation to close, to ensure that resources were utilised efficiently and that a clear structure could be followed to guarantee that the two company’s business interests and objectives were at the forefront of all activities. The project revealed that the utilisation of captured information was crucial, rather than purely focusing on data collection itself. The project bridged the gap between applicable strategy and real-life projects, which enabled:
Project results adhered to the quality requirements of stakeholders and customers
Projects to be completed within the expected time frame, costs, and resource utilisation
Management that enabled the customer experience to be significantly elevated
The Knowledge Academy is a Registered Education Provider and we are approved to provide PDUs by the Project Management Institute (PMI)®. R.E.P Licensed Provider. ID: 3444.
PMI, PMP, CAPM, PMBOK and The PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc.
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute Inc., 2013.