When it comes to Construction Industry, the 3 main elements which can flip the fortune of any project (and even organization) between Success and Failure are Cost, Time & Budget! These three elements are also often associated with the capability of the staff working on the project, and it is normally believed that if a project fails, the project team especially the management staff wasn’t competent enough.But is it really the lack of ability of the project personnel that constricts them from delivering their best? Well… it’s not the inability, but actually the lack of relevant knowledge which keeps them bounded.We don’t deny the fact that years of experience in any particular industry teaches one a lot about that particular field, but it doesn’t necessarily endows the person with requisite management skills.Knowing the “Hows and Whats” of a job are just not enough… but when it comes to projects, Project Management skill set is what actually matters…Below is a glint of how PMP certified individuals are an edge above the uncertified professionals, and how they serve as an asset for any organization:- Important Project Management Mindsets: PMP Certified individuals are trained on major project management mindsets such as Risk Management, Communication Management, and Time Management, each of which plays a very important role when it comes to:- Connecting & communicating with key stakeholders- Identifying & dealing with risks- Sticking to scheduled budget & time- Dealing with Change Orders: Whenever a change order is raised, it accompanies a lot of requirements with it, such as revised estimated cost, risk analysis, activity sequencing, cumulative impacts, etc. All of this gives rise to the need for carrying out a lot of documentation work, and that too in an error-free format. Even a minute mistake in documenting the estimated scope, cost and schedule of a project may drive the fate of a project from success to failure. As a part of project management training, candidates get to learn the principles of Configuration Management which provides an effectual way for managing & documenting change orders with an integrated change control, and thereby develop opportunities for the organization to earn elevated profit margins.- Handling Changes: Minor or Major, each & every “Change” is equally important for an organization; especially when the change is regarding a project involving a significant amount of money. PMP’s are trained on important Change Management strategies where change requests are raised as a part of a measured process, and changes are implemented only upon analyzing estimated impacts of the change on Cost, Time & Quality aspects of the project.- Dealing with Claims: Unforeseen problems, that add up considerably to extra overhead costs are quite a common issue everywhere; and one of the industry verticals where such issues arise a lot is construction industry. PMP certification candidates are trained on effective Claim Management skills and are explained the importance of documenting the claims, sending notifications to project owner, estimating impacts on cost & schedule, and last but not the least providing justification for the extra costs.- Managing the Workforce: Successful completion of any construction project depends a lot on the availability & support of the workforce at the job site. For this, it is very important that the necessary information regarding your manpower requirements be communicated to the suppliers and contractors well in advance and via a proper procedure. As a part of the project management training, candidates are explained the importance of developing an accurate project schedules, and how a project schedule can save the project from getting stuck into the last minute hassles.- Maintaining Buyer-Seller Relationships: PMP’s are taught the key concepts of Procurement Management during the training sessions where the significance of procurement contracts and timely performance evaluations of contractors & subcontractors, with respect to maintaining buyer-seller relationships is deeply explained.- “Processes” rather than “Tasks”: PMP is primarily about thinking in terms of “processes” and that’s why Project Management Professionals are trained to take up individual tasks as a part of a calculated process. The result is that there is a pre-measured process for accomplishing various project jobs; which is a safer & a better way to function, rather than relying on one’s instinct.- Adds up to Organizations Credibility: Experienced & professionally qualified staff is an asset for any organization. It not only adds up to the credibility of the organization, but also serves as a competitive advantage for the company when it comes to bidding tenders in the global market.