The success rate of new initiatives is doubled by project management training and competency development.
In under 6 months, a personalised project management training programme increased milestone achievement multifold almost 8x. A value of training measuring programme revealed that increasing a programme manager’s competency level increased the likelihood that an initiative will achieve all of its goals by a factor of two to three.
The Organization
This FMCG company operates in dozens of nations throughout the world, and millions of people buy its well-known brands.
The Pain Point
The commercial, marketing, and technical facets of initiatives are under the control of programme managers in the organization’s innovation department. They possessed high technological talents but lacked commercial skills because they had previously managed engineering and manufacturing projects. They were now expected, in their capacity as innovation programme managers, to be able to discuss problems and updates with business unit general managers directly. Stronger leadership and communication abilities are now even more necessary as a result of this greater visibility. In order to launch initiatives more successfully and increase the proportion of projects and programmes that fulfil milestone targets, the innovation function also required to standardise processes.
The Problem Solution
The innovation function leaders understood that by partnering with an outside project management firm, they could accelerate the new training endeavour. In order to quickly ramp up this training campaign and create a programme that was customised for the business, GlobalSkillup was contacted. Two key courses made up the project management training programme:
Program managers who have recently received promotions or are in their early stages should read Initiative Leadership Essentials. It was designed to expand participants’ knowledge and proficiency in the critical skills necessary to effectively lead initiatives that foster innovation.
By providing programme managers with the tools and methods to design, carry out, and manage initiatives, Program Management Essentials enhances and complements the leadership abilities of the training programme.
- Project Risk Management, Recovering Troubled Projects, Leadership and Communication in the Project Environment, and Demonstrating Courageous Leadership were among the additional courses provided.
- The innovation group has been working with GlobalSkillup in the last year to help them focus their measuring efforts so they can understand how project management training and enhanced capabilities affect project outcomes.
The Outcome
Nearly 300 people have taken one or more of the project management courses that are available at multiple locations and online across the world in the previous years. The percentage of milestones that have been met on schedule has continuously increased since that time, which is the most important development. Milestones are now being reached at a rate that is ten times higher than it was five years ago.
The highest priority initiatives in the portfolio are twice as likely to achieve business goals once they are launched when they are led by experienced programme managers, according to the new measuring focus. This information provides a compelling case for continuing to improve the ability of programme managers who oversee highly visible, multibillion dollar enterprise endeavours.