Why risk nine times more money per project?

Ed Naughton, Director General, Institute of Project Management

Ed Naughton, Director General, Institute of Project Management

Across the globe, more and more executives are beginning to appreciate that to be successful demands a project mind-set, especially when they realise that they have finite resources that they have to put to the best use.

When a project fails, an average of one-third of that project’s budget is lost for good. That puts, on average, more than €120,000 at risk for every €1 million spent on projects. Companies that do not invest in sound project management not only have lower project success rates, but also put nine times more of their project funds at risk for every project they manage.

As companies search for that elusive competitive edge, many of them are discovering that the answer lies in a rigourous project management approach. When what organisations do is not exclusive, how they do it becomes a competitive advantage.

Organisations are increasingly recognising the value of professionally accredited project managers. The certified project management diploma meets this need by providing:

International recognition of competence.

Objective, neutral confirmation of project management ability.

Improved career opportunities.

Added value for the organisation.

An internationally recognised title .

Contact: Institute of Proj ect Management, 25 Upper Mount Street, Dublin 2.

Tel: 01 661 4677; [email protected]; www.projectmanagement.ie


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