Top performing companies that employ proven project management practices waste 21% less money than underperformers in similar roles.1 That's because having trained and skilled professionals to keep everything running smoothly shows up on the bottom line. Organizations that invest in proven project management practices waste less money because their projects were successfully finished on time and on budget, according to Project Management Institute (PMI) President and CEO Mark A. Langley. PMI reports that in 2017, organizational waste due to poor project performance was down 20% from the prior year.
It is not surprising that the statistics also show that companies that complete more projects on time and on budget are also more successful. Project managers take the plans and make them concrete.
As more companies see the benefits of project management, demand for professional managers is expected to increase over the next decade. In fact, according to a report released by PMI, employers will need 87.7 million individuals working in project management-orients roles by the year 2027.2
PMI is the world's leading association for project management professionals, and its Global Accreditation Center has accredited Walden University's MS in Project Management—one of the few online programs to earn such distinction. The program covers internationally recognized standards and prepares students to sit for the Project Management Professional exam. Graduates gain business, communication, and leadership skills that organizations need.
When companies invest in their plans for the future, they want a reasonable assurance that their vision can come to fruition. Hiring highly trained project managers is vital to turning those business dreams into reality.
Walden University’s MS in Project Management program is accredited by the Project Management Institute (PMI)® Global Accreditation Center (GAC) for Project Management Education Programs. PMI GAC is the world’s leading specialized accrediting body for project management education and related degree programs, affirming that Walden’s curriculum meets rigorous quality standards established by the GAC.