Identifying & going through risks

Sticking to scheduled budget & time

Managing Change Orders: Whenever a change order is raised, it accompanies a great deal of requirements with it, such as revised estimated cost, risk analysis, activity sequencing, cumulative impacts, etc. All of this gives rise to the necessity for carrying out a whole 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 having 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 incredibly important for an organization; especially when the change is regarding a project involving an important amount. 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 facets of the project.

Handling Claims: Unforeseen problems, that add up considerably to extra overhead costs are quite a common issue everywhere; and among the industry verticals where such issues arise a great deal is construction industry. PMP certification candidates are trained on effective Claim Management skills and are explained the significance 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 great deal on the availability & support of the workforce at the job site. Because of this, it really is extremely important that the essential information regarding your manpower requirements be communicated to the suppliers and contractors well in advance and via a proper procedure. As a a component of the project management training, candidates are explained the importance of developing an accurate project schedules, and just how a project schedule can save the project from getting stuck into the last second 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 with regards to "processes" and that is why Project Management Professionals are trained to take up individual tasks as a part of a calculated process. The result is that there's a pre-measured process for accomplishing various project jobs; which is a safer & a far better way to function, rather than relying on one's instinct.

Adds up to Organizations Credibility: Experienced & professionally qualified staff is an asset for almost any organization qualification certificate ( check out your url - https://revistas.uo.edu.cu/index.php/aeco/user/viewPublicProfile/859593 ). It not just can add up to the credibility of the organization, but additionally serves as a competitive advantage for the company in regards to bidding tenders within the global market.