With regards to Construction Industry, the 3 main elements which could flip the fortune of the project (and even organization) between Success and Failure are Cost, Time & Budget! These three elements also are often associated with the capability of the staff working on the project, which 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 truth that years of expertise in any particular industry teaches one a great deal about that specific field, but it will not necessarily endows the person with requisite management skills.

Knowing the "Hows and Whats" of a job are just insufficient... but in relation to projects, Project Management skill set is exactly what actually matters...

Below is a glint certificate of competency ( visit my home page - http://cfores.upr.edu.cu/index.php/cfores/user/viewPublicProfile/2260 ) how PMP certified folks are an advantage above the uncertified professionals, and how they serve as an asset for just about any organization:

Important Project Management Mindsets: PMP Certified people are trained on major project management mindsets for example Risk Management, Communication Management, and Time Management, each of which plays a really crucial role in regards to:

Connecting & communicating with key stakeholders