Risk Management Certification Through PMI- Is it Right for Your Business

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According to a recent survey, the cost of failed projects can increase quickly, especially if you consider that one in every three projects is deemed as a failed project by stakeholders and project sponsors. The PMI risk management certification aims at improving such situations by recognizing and addressing potential risks throughout the project in order to increase the likelihood of the project’s success.

This certification focuses on the important need of planning for risk throughout your projects. Although PMI risk management training is meant to prepare professionals to take this certification exam, investing in employee training in this course will increase their knowledge in the management of potential or uncertain risks within your projects.

How will This Certification Benefit your Employees?

When your employees are responsible for the success of your project, you will need them to do everything that they can to ensure that things go smoothly. The risk management certification (RMP) will equip them with skills and methods that can prove valuable when integrated into projects during the planning phase.

Risk management of any project accounts for the unpredictable. It enables your employees to acknowledge that things won’t always turn out right, and they will need to have a plan in place in case your project starts experiencing hang-ups. This certification is important because it enables your employees to know what to do before incidents occur, and they won’t have to scramble to figure out what to do in case things go wrong.

Through the PMI RMP certification, your employees will understand some of the risks that can affect projects. For instance, there can be disagreements between stakeholders in the project, or a team can surpass the projected budget. This certification will enable your project managers to account for all potential risks and even determine whether a project should begin. The higher the risk, the higher the profits, but having skilled and certified project managers will help you decide whether the risk is acceptable.

Your project managers should be constantly learning and improving on their skill sets for them to stay on top of the game. One way to help them achieve this is by providing them with the PMI risk management training. For them to remain certified, they will have to continue with education. Applying what they learn in their training will increase the chances of your project success.

Benefits of Having Employees with this Certification

It makes you a good competitor: Today, competition is high in almost all industries. Showing your investors or clients that you have more to offer will prove to them that you care about their projects and this will boost your credibility. Additionally, clients will trust you even more if you keep up with industry standards.

It reduces potential risks: PMI certified professionals understand the current PM processes. For them to obtain PMI certification, they must first pass a multiple-choice test among other evaluations. Keep in mind that each industry has its share of risks, but some jobs tend to carry more risk than others do.

If you have repeatable projects, PMI certified project managers can help improve the project results. This will prevent you from starting your projects from scratch when starting other new projects.

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Investing in employee PMI certification will also help you retain them: By investing in your employees’ professional development, you show that you care and you’re committed to them, and in turn, they will be more committed to your organization. This means you will retain your employees and attract new talent.

By investing in employee PMI certification, you will enjoy a more disciplined workforce: The PMI certification process will not only test their PMI skills, terminology, and processes but also their ability to perform and complete their jobs successfully.

Better evaluation of team members: One of the most important ingredients for your projects’ success is having a great team. To build such a team, you will need a trained project manager to evaluate your employees and figure out their strengths before choosing members that will work well together to complete your project successfully.

High ROI: Although investing in employee training can be pricey, investing in a program that offers insightful information will be worth it. Regardless of which industry you work in, having certified project managers will increase project success and result in a revenue boost.

Certifying your employees will help grow the project management profession. By endorsing PMI certification, you will be providing long-term career paths for your workers.

In 2016, the Program Management Improvement and Accountability Act of 2015 was signed by the President. This Act was meant to enhance accountability and better practices in project management. This implies that your project professionals need to be more accountable. To find out more about the risk management certification through PMI, visit ExamClubs today.

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