Nationally, one in six large projects costs 200 percent more than planned. Los Alamos’ Otowi Bridge Chapter of the Project Management Institute can help!
According to a 2014 article by teagantt, projects budgeted for more than $1 million are 50 percent more likely to fail than projects budgeted below $350,000. This is why 90 percent of global senior executives say good project management is a necessary ingredient in producing success, and gaining a competitive advantage.
According to a 2010 study, failed projects account for 8.9 percent of GDP. Failed projects can ruin businesses, bankrupt families, and devastate economies. Good project management is needed to stop the hemorrhage of funds. The Project Management Institute (PMI) promotes a framework of standards and best practices that significantly improve project performance and success.
Here in New Mexico, we take project management seriously. The NM State IT Enterprise Project Management Office (EPMO) employs PMI methodology to maintain a stunning 86 percent project success rate, while the national average is only 63 percent.
Retired Los Alamos County CIO, Laura Gonzales, said, “after we implemented PMI methodologies for Los Alamos’ IT projects, our projects consistently completed on time and within budget. Good project management is integral to success.” Additionally, past chapter president, Michael Adams said, “Earning my PMP certification was challenging, but worthwhile, because I learned some really useful skills, plus I received a promotion and 30 percent pay increase at work.”
In March, PMI’s Otowi Bridge Chapter is hosting a Project Management Professional (PMP) training course at UNM-LA. Classes begin March 15 and run from 3:15-5:45 p.m. every Wednesday through June 21.
The $680 tuition includes a one-year membership with PMI and the local Otowi Bridge Chapter. Space is limited. Registration is available online at http://www.pmi-ob.org.
Now is the time to obtain your PMP! In the first quarter of 2018 the exam is expected to be updated to a new version, which means our course also will change.