Learning to apply your skills: A case for Project Management professionals

July 5, 2012 - 5 minutes read

Project Management is an integral part of day to day business of many industries. Activity Chart, Work Delegation, Milestones, kick-off meetings, deliverables, Gantt charts and work plans constitute the everyday work of most managers. While a formal training or certification may enrich you with the knowledge and understanding about how to plan and manage a project, they may not be sufficient for training you to execute the project. A significant share of projects – small and large – especially in IT sector and EPC (Engineering, Power, Construction) sector, overrun their timelines or get out of budget. A study by PricewaterhouseCoopers, which reviewed 10,640 projects from 200 companies in 30 countries and across various industries, found that only 2.5% of the companies successfully completed 100% of their projects. Another study published in the Harvard Business Review, which analyzed 1,471 IT projects, found that the average overrun was 27%, but one in six projects had a cost overrun of 200% on average and a schedule overrun of almost 70%.

 

Introducing PM Training Simulation…

The need, therefore, is to ensure that the project managers have ample practice, experience and exposure of applying their knowledge to successfully execute a project before they are put on critical projects. This is where a project management training simulation can be of significant help. Like a flight simulator, a Project Management Simulation can replicate real life situations, circumstances and constraints under which a project manager has to perform. During the gameplay, the simulation throws various challenges on learner which requires application of essential project management skills, tools and techniques to overcome them. Successful completion of such simulations with achievement of desired goals within constraints increases the chances of a Project Manager to be successful on real projects.

 

Inside the Simulation…

 
Work Delegation Screen - Project Management Simulation

Work Delegation Screen - Project Management Simulation

At Wise Cells, we have designed Project Management simulation in such a way that the learner is not only challenged to manage the cost and time of the project but also have to manage team stress level and deliverable quality through consistent employee meetings. Infact, the biggest test for any project manager is their ability to pick team members that have right mix of skills and mindset to execute the project and this is where our project management simulations helps a learner most. The learner is asked to manage tens and hundreds of activities (in case of EPC the set of activities run down to thousands as well) which constitute the project and has to manage the work delegation every week keeping an eye on quality, cost and time constraints. A dynamic Gantt chart helps you in monitoring if the project is on track or you need to make some critical re-delegation decisions. There can be many right ways to accomplish the project completion and as much more ways of failing to meet the goals.

 

What's in it for Project Managers…

As a learner you get full independence in our simulation to practice their skills, commit mistakes and learn from their mistakes. Once you are through with the simulation, you have a sense of how your knowledge can be applied to managing people and project resources, managing time, budget and quality. You get a feedback on your areas of strength and weaknesses as a project manager and remedial recommendations. For trainers of Project Management we provide a monitoring interface where you can track the progress of simulation as played by different learners in your class.

Do you have what it takes to be an efficient project manager? Check out our Project Management Simulation and test your skills.