Project mngmnt discussion 1: What do YOU think the value of project management is at this point? Why is there such a push for companies to adopt project management methodologies? Why would some 600,000 people worldwide hold the Project Management Professional credential from PMI? Don't copy/paste website responses. Read, think, and post YOUR response. As with all online discussion forums, you are required to post 3 times: answer the question - then respond to me and/or your classmates at least 2 other times. 600 words initial post 200 words response each

reply to student #1: What do you think the value of project management is at this point? Project management strategies drive organizational success. Being able to deliver projects on time and within budget, and reduced risks, cut costs and improved success rates. Good project management discipline stopped us from spending money on projects that fail. Project management methods as either critical or somewhat important to their ability to deliver successful projects and remain competitive. Why is there such a push for companies to adopt project management methodologies? The companies are clearly seeing the payoff from investing time, money and resources to build organizational project management expertise: lower costs, greater efficiencies, improved customer and stakeholder satisfaction, and greater competitive advantage. They believed having project management as a core competency helped them remain competitive during the recession. Since the delivery of business outcomes is realized through the success of projects, and in essence that is the way that project management strategies drive organizational success. Implementing project management across the organization helps create a strategic value chain that gives companies an edge on their competitors, particularly in high-risk sectors and markets. Being able to deliver projects on time and within budget often determines whether a company will get the next job or whether its new product hits the market. Why would some 600,000 people worldwide hold the Project Management Professional credential from PMI? This type of certification is not mandatory for most occupations and company positions, it is a widely recognized designation that improves credibility and bolsters any resume. The certification was created to establish a standard of project management spanning different industries and locations. Obtaining a PMP certificate is one of several ways a professional can prove their ability and dedication to their profession to a potential or current employer. Project management skills are applicable in almost any business setting and can be a great way to leverage personal value to an organization. Individuals who meet the requirements should consider obtaining a certificate if they want to focus their career on project management or leadership. The PMI has thousands of members in various countries and their Project Management Professional Certification is a globally recognized designation. Student#2: What do you think the value of the project management is at this point? First, before we discuss the value of project management at this point, we must understand the meaning of a project. A project is a temporary endeavor with a beginning and an end that produce a unique product or service. A project can last for one day or two years, but again, a project has a beginning and an end. Once the project ends, you go straight into operation mode. Project management is so crucial to any organizations around the world in every way possible. Project managers are the backbone of most corporations; they oversee the overall project. Project managers bring a unique skill set, technique, and knowledge to his or her employer. During any project around the globe, project managers control all aspect of the project; from the scope, schedule, cost, quality, risk, and communications for the entire project. Understanding your stakeholder's needs are an essential part of getting the job done on time and under budget. Moving forward on any projects, you will need to keep good records of the lesson learned from the previous projects. Why is there such a push for companies to adopt project management methodologies? One of the main reasons that companies are pushing the methodologies of the Project Management Institute is to get employees to recognize how to manage a project from start to finish. If employees are familiar with Project Management Institute methodologies and techniques, this will help corporations to be successful in future endeavors when planning new projects. Embracing this methodology from the Project Management Institute will assist with your understanding of the 5-process group and the 10 knowledge areas in project management, which is very important in maintaining control in your project. By keeping control of your project, will help your company or contractors from gold plating your project. Another reason that companies want to adopt PMI methodologies because this methodology is the gold standard around the world for project management. Also, this is a way of controlling cost and improving project results. Improving quantity and reducing risk will be of vital importance to the sponsors. Why would some 600,000 people worldwide hold the Project Management Professional credential from PMI? As I mentioned earlier, the Project Management Institute certification is the gold standard in the industry. We see why 600,000 people worldwide hold PMP from the Project Management Institute. If you are the Chief Executive Office and you are running a Project Management Office, you would want your employees to be certified by the best in the business? This will bring a good Return Of Investment back to your company.