Project Management Training for Business in Times of Crisis

As many as 80 percent of global executives believe that making project management a core competency can help companies stay competitive during a recession, as reported by the Economist Intelligence Unit. From this fact, project management training is now increasingly in demand by companies.

Project management competency is increasingly needed, especially when businesses face a crisis or recession. Businesses that have implemented project management well can reduce business risks and spending money on unsuccessful projects.

A survey conducted by McKinsey stated that almost 60% of senior executives said that building strong project management discipline will be the top three priorities for companies in the future. The survey further strengthens the importance of project management competency.

The question is, has your business built a strong project management foundation? How to build a project management foundation starts with having the same understanding of project management. That's why project management training can help you build a strong project management foundation.

What is Project Management Training?

In times of crisis, unpredictable, trade tariff wars everywhere, businesses must adapt. Project management helps businesses to consistently generate impact for the business.

Businesses that have strong project management can determine in the future whether the business will have returning clients or whether the products made are liked by the market.

Short and long-term projects are also carried out continuously. Managers will be involved in the project, not limited to a particular division. Marketing managers will have their own marketing projects, financial managers also have projects that must be completed.

The main challenge of this project is how to balance the resources that have been spent with the time, cost, and desired results.

Project management training is able to answer this challenge. Project management training equips training participants with an initial foundation of project management to how to implement it according to the typical business they are handling.

This project management training aims to equip both operational and non-operational managers with project management knowledge and apply it to the project at hand. So that these managers can achieve their project goals efficiently.

5 Urgencies of Project Management for Business

Every employee, whether at manager level or not yet at manager level, needs to be included in project management training. The goal is that when implementing the project later, the project can run smoothly.

What will businesses get when they can implement project management? Here are five urgencies of project management based on the Project Management Institute (PMI) report in 2010 regarding the value of project management.

1. Increasing Competitiveness During Crisis

In unstable economic conditions such as recessions, trade tariff wars, many companies experience great pressure in maintaining operations and profitability. In situations like this, project management plays an important role as a control system that helps companies stay focused on strategic priorities and efficient use of resources.

With a structured project management approach, companies can respond quickly to changes, re-prioritize, and avoid irrelevant or wasteful projects.

This approach allows companies to not only survive but also seize new opportunities when other competitors struggle to adapt. Therefore, project management is not just a technical tool, but an adaptive mechanism that maintains competitiveness amidst uncertainty.

2. Reduce Risk, Cost, and Project Failure

Good project management provides a framework for systematically identifying and managing risks from the start of a project. Through careful planning, quality control, and continuous monitoring, companies can avoid cost overruns and implementation failures.

Companies that implement disciplined project management practices are able to cut costs, reduce risks, and increase project success rates.

For example, Intel managed to reduce the average project duration from 88 weeks to much shorter by implementing strict project management standards. This proves that project risks can not only be reduced but also converted into efficiency opportunities.

Failed projects not only waste money but also undermine stakeholder trust. Project management prevents this by providing clarity of purpose, measurable processes, and control over each stage of implementation.

3. Supporting Strategic Decisions

Project management does not work alone, but rather serves as a link between organizational strategy and execution in the field. With a system such as a Project Management Office (PMO), companies have the tools to evaluate the suitability of each project to the company's strategic goals. The PMO plays a critical role in helping top management identify projects that truly provide strategic added value.

For example, DirecTV uses a PMO to evaluate the strategic impact of each project before it is implemented. In one case, the team managed to save significant call center time with an IT project designed based on customer behavior analysis.

This achievement not only demonstrated operational efficiency but also strengthened the company's positioning in the eyes of customers. None of this would have been possible without a project management system integrated with the strategic decision-making process.

4. Provides Competitive Advantage

In a highly competitive industry, the ability to deliver projects on time and on budget can be a key differentiator between market leaders and laggards.

According to a 2009 Economist Intelligence Unit report, 90 percent of global senior executives acknowledged that project management methods are critical to ensuring project success while maintaining a company's competitive advantage.

Consistent application of project management enables companies to be more responsive to market needs and customer demands. When a project is successfully launched, whether it is a new product development, digital transformation, or market expansion, companies benefit in the form of reputation, customer loyalty, and new business opportunities.

Therefore, project management not only impacts the project results alone, but also contributes directly to long-term business performance.

5. Increase Transparency and Accountability

One of the main strengths of the project management approach is its ability to provide transparency in project implementation. Through the use of tools such as dashboards, milestone tracking, and periodic reviews, all stakeholders can see the progress of the project in real time. This creates an accountable work environment, where each team member is responsible for their respective targets and deliverables.

This transparency also helps upper management make quick and accurate decisions based on actual data, not assumptions. For example, in the case of DirecTV, all project data can be accessed by leaders through the PMO platform, so they can adjust strategies and resource allocations quickly when needed.

With a good monitoring system, organizations not only speed up response times but also reduce the risk of misdirected strategies due to lack of information.

It's Time to Improve Your Business Project Management Competence

You already understand the five urgencies of project management for your business. Has project management become the top three priorities in your business? If you have, but the implementation is still lacking, you can take The Real Project Management training from prasmul-eli to improve your project management competency.

This training is ideal for managers and supervisors who are appointed to manage projects, both in operational and non-operational areas. By taking this program, you will gain the skills needed to run projects more efficiently and effectively, and be able to face challenges that arise during the project cycle.

This is the time for you to improve your business project management competency and excel in your industry.