Telefónica Security Engineering (TIS) achievesrecognition R.E.P of the Project Management Institute (PMI), the leading global institution in Project Management.
After a rigorous process of verification and quality assurance, PMI recognizes that TIS is providing Project Management training with quality and effectiveness standards at the highest global level, approving its incorporation into a select group of officially Registered Education Providers (R.E.P), as they are already companies of the Government and Private Sectors like NASA, HP, IBM, Intel, Telstra, Stanford University, Deloitte and others. There is no company in our industry with this distinction.
Which will be the impact of the R.E.P. recognition in Telefónica?
Telefónica is a company in continuous growth process and its development is directly related to the investment in infrastructures, services and technologies, so the REP recognition confirms that we have everything we need to develop execution, effectiveness and quality capabilities. Being a Registered Education Provider qualified with the highest quality standards is the basis for the internal training of capacity in execution and ensures benefits in the investments that are made for the growth of platforms and services. The application of Good Practices ensures the profitability of investments.
Why is it important to be a company R.E.P of PMI?
To fulfil the objective of executing projects of high value and complexity, strategic initiatives are needed to encourage the increase of management capacities, consultancy and integration at the highest level of the market. The PMI R.E.P recognition gives TIS the authority to train its employees and clients, with the highest level and recognition in international best practices, which is the same developed by the best Universities with the highest academic prestige in the world, and the development units of leading corporations in their respective sectors. This is an achievement that brings us closer to our strategy.
In the last 10 years, the Project Management Institute (PMI) has positioned itself as the leading global institution in Project Management, achieving presence in 207 countries and creating value for more than 3 million professionals in this discipline. However, in recent studies, it is estimated that the Companies will need to cover almost 88 million positions in project management until 2027.
According to a research conducted by the Andersen Economic Group (AEG), in 11 countries including USA, China and India, among others, talent shortages can create risks valued at US $ 208 billion in the GDP ratio of the leading countries in infrastructure investment between 2017 and 2027.
The crisis of 2008 showed that deficiencies in project management led to serious losses in profitability, customer satisfaction, high costs and poor execution performance; in this scenario, the discipline proposed by PMI in project management provided a proven alternative that has been recognized by the markets: “A good discipline of project management prevented us from incurring losses in projects that failed,” says Ron Kasabian, CEO of Intel, Folsom, California.
PMI, in addition to leading Project Management standards to increase management effectiveness, proposes accreditation in the professional project management career with certifications such as PMP (Project Management Proffesional) that has become one of the certifications of greater value in the market and proposes methodologies to facilitate the maturity of Corporations in the way they manage their projects at the level of governance, processes, capacities and standards, with the aim of improving business results.
In summary, PMI has become the benchmark for good international practices to develop consultative skills and talent in execution, cost reduction, risk prevention and guaranteeing the success of projects and businesses. There is no process of change and innovation, which is not carried out through the execution of projects and for this it is necessary to develop solid capacities.
In this environment, PMI has created a community of companies recognized as REP at international level, for the high quality in their training processes; this recognition allows REP companies to perform training activities aligned to PMI for their employees and clients and to help their own professionals to certify. TIS has been part of this prestigious Group since July.
Why is it important for TIS to have achieved PMI recognition?
According to PMI’s “Pulse of the Profession” magazine, organizations that invest in capacity building and on the implementation of good practices have achieved a 20% greater effectiveness compared to organizations that do not; organizations that invest in proven project management practices are 30 times more effective because their strategic initiatives are completed successfully.
Economist Intelligence comments in a report this year that 80 percent of global executives believe that having project management as a core competency helped them stay competitive during recessionary stages and a survey conducted by McKinsey & Co., says that nearly 60 percent of senior executives said that building a strong project management discipline is one of the top three priorities for their companies when looking to the future.
TIS has begun to strengthen its maturity in the execution, applying good practices and it is doing so as the most prestigious companies in the global economy do.