When your business is in the market for a new project manager, it is worth waiting for the best candidate possible. While this could turn into many months of searching, having the right person on board will make a big difference to the success of your projects in the long-term.
This according to the recently released research findings of PM College. As part of its "Project Manager Skills Benchmark 2015", the division of PM Solutions polled more than 300 project management professionals in various sized businesses and industries. This ranged from technical, finance, government, healthcare and manufacturing.
PM College's goal was to understand the impact of high quality project management skills on businesses and how current levels stack up.
High quality skills = better results?
While it is an obvious conclusion to make, PM College found that businesses with project managers who exude high quality skills perform better than their counterparts by close to 50 per cent. These skills included leadership qualities, the ability to build relationships in the industry and show trust and respect.
"Companies continue to demand more of their project managers, who are responding with an increased focus on delivering value"
However, the survey also highlighted some skills that are missing from the current talent pool. According the results, many project managers lack risk management skills, strategic planning experience, basic communication and listening skills and benefit realisation.
President of PM College Deborah Bigelow Crawford explained that the role of a project manager continues to change over time.
"Companies continue to demand more of their project managers, who are responding with an increased focus on delivering value," she said in a May 18 media statement.
"And organisations are helping project managers deliver value by implementing training programs that address basic project management competency as well as advanced training programs, especially in leadership and business alignment."
What should businesses look out for?
As an employer, it is vital to understand the challenges of project managers. While they might have the skills to take your business to the next level, if the environment isn't conducive to success, the results will not eventuate.
PM College revealed the top challenges for project managers, highlighting areas businesses might want to improve in the coming months. This included resource management issues, lack of clarity in scope, unclear roles and responsibilities and unrealistic deadlines.
"The question leaders should be asking themselves now is: How do we continue to improve the competency of our project managers so they can deliver increasing value to the organisation?" Ms Crawford concluded.
If your business is looking for a top quality project manager, look no further than Design & Construct. Our expert team of consultants are more than happy to talk through any situation to ensure that only the best project manager joins your team.