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Key facts and statistics
Project management is a growing field with a significant impact on global economies. According to the Project Management Institute (PMI), organisations waste an average of $97 million for every $1 billion invested due to poor project performance. Effective project management can mitigate these losses and drive success. With over 30,000 members, the APM is a leading authority in the UK, dedicated to advancing project management through research, education, and professional development.
Key definitions
- Project management - The application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.
- APM body of knowledge - A comprehensive guide outlining the standards and practices essential for effective project management, recognised internationally.
- Chartered Project Professional (ChPP) - A designation awarded by APM, indicating high professional competency in project management.
The role of APM in project management
Setting standards and best practices
APM is instrumental in defining and promoting project management standards. Their Body of Knowledge provides a framework that covers all aspects of project management, ensuring consistency and quality across the profession. These standards help organisations implement best practices and improve project outcomes.
Certification and professional development
APM offers various certifications, including the ChPP, that recognise advanced project management skills and experience. These highly regarded certifications provide professionals with a competitive edge in the job market. APM also offers a range of training courses and resources to support continuous professional development.
Advocacy and research
APM advocates for the project management profession, engaging with policymakers and stakeholders to influence legislation and regulation. Their research initiatives contribute to developing new methodologies and best practices, ensuring that the profession evolves with changing industry needs.
Networking and community
APM provides a platform for project management professionals to connect, share knowledge, and collaborate. Their events, forums, and online communities foster a sense of belonging and facilitate the exchange of ideas and experiences.
Implementing relevant legislation and regulations
Compliance with legislation and regulations is critical in project management. It ensures that projects are executed within legal frameworks, reducing risks and enhancing credibility. APM provides guidance on aligning project management practices with relevant laws and regulations.
Key legislation and regulations
- UK corporate governance code - Emphasises the importance of effective risk management and internal controls in project management.
- General Data Protection Regulation (GDPR) - This regulation ensures the protection of personal data within project activities, which is crucial for maintaining privacy and security.
- Health and Safety at Work Act 1974 - Mandates that project managers implement safety measures to protect employees and stakeholders involved in projects.
Best practices for implementation
- Stay informed - Regularly update your knowledge of relevant laws and regulations. APM offers resources and training to help you stay current.
- Integrate compliance into project planning - Ensure compliance requirements are considered during the project planning phase. This includes risk assessments, resource allocation, and stakeholder engagement.
- Implement robust monitoring and reporting - Establish systems for monitoring compliance throughout the project lifecycle. Regular reporting ensures transparency and accountability.
- Leverage technology - Use tools like ComplyPlus™ to streamline compliance management. These platforms can automate compliance tasks, track regulatory changes, and provide real-time insights.
- Continuous training and development - Invest in ongoing training for your project team. APM’s courses and certifications can enhance your team’s knowledge and skills, ensuring they are equipped to handle compliance challenges.
Recommendations
Organisations should leverage the resources and support provided by APM to enhance their project management practices. Implementing APM standards and best practices can improve project outcomes, reduce risks, and increase compliance. Additionally, investing in professional development through APM certifications can give your team a competitive advantage.
Conclusion
The Association for Project Management is vital in advancing the project management profession. By setting standards, providing certification and training, advocating for the profession, and fostering a sense of community, APM helps organisations achieve project success. Organisations should integrate APM’s best practices into their project management processes to ensure compliance with relevant legislation and regulations. For comprehensive compliance management solutions, consider using ComplyPlus™. Our software and training can help you stay compliant and achieve excellence in project management.
Stay ahead in project management by partnering with The Mandatory Training Group. Click here to learn more about our ComplyPlus™ legislation and regulatory compliance management software and training. Equip your team with the knowledge and tools they need to succeed in today’s dynamic project management landscape.
About the author
Dr Richard Dune
With over 20 years of experience, Richard blends a rich background in NHS, the private sector, academia, and research settings. His forte lies in clinical R&D, advancing healthcare tech, workforce development and governance. His leadership ensures regulatory compliance and innovation align seamlessly.
