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Project efficiency isn’t the only measure of project success, but it is arguably the one that has the greatest immediate impact on your bottom line. Project efficiency, as opposed to “project effectiveness” or other terms, captures how much a team was able to achieve with the resources available. It covers more than just the financial aspects, taking into account materials, staff, and time constraints.
All these resources represent an investment by your organization. Like any investment, the goal of the project is to ultimately create more value than you’ve spent on it. High project efficiency means you’ve been able to create more with less, which is a good sign as you assess your ROI.
You might choose to invest in a Learning Management System (LMS) as part of a specific project, or it might be a separate strategy to support employees’ performance and job satisfaction. But either way, an LMS can have a sizable impact on the efficiency of your projects. It does this from both sides of the equation: by helping to optimize project workflows and processes, and by upskilling workers to navigate them more effectively.
Overall project efficiency is the result of a combination of factors, several of which are rich opportunities for an LMS to transform. Let’s take a look.
Smaller projects might not have too many moving parts but increases in scope and duration come with enormous increases in complexity. As your project moves forward, you need a central, reliable home for both essential reference information and progress updates. The knowledge capture capabilities of an LMS like Pinnacle Series make it ideal for this role.
When your LMS allows you the capability to upload your own custom content, it becomes your single source of truth for:
A robust content management framework helps you make information readily available for users who need it, while keeping sensitive details secure. Project stakeholders won’t need to hunt for updates or check multiple sources for accuracy—they’ll know exactly where to go for the most current, correct information, saving time and streamlining project operations.
In many cases, projects require team members to have a certain level of comfort with a particular software tool, or a certification in industry-specific regulations or areas of expertise. This is especially true for projects in the Architecture, Engineering, Construction (AEC) and Manufacturing fields.
An LMS provides the framework for equipping project teams with essential skills. In the case of Pinnacle Series, users have access to a deep library of learning content around industry-leading software tools, operating standards, and more, which they can combine into project-specific libraries alongside their own instructional materials.
Learning history and skill assessments can establish project team members’ baseline knowledge, and courses can be tailored to address individual gaps, so the team isn’t spending time rehashing material they already know. Members get up to speed quickly, so that they can begin delivering accurate, high-quality work as soon as possible. Engagement stays high, and errors and rework are at a minimum. One Project Management Institute survey showed a project performance rate of better than 76% for organizations that provided training on new ways of working, resilience, and managing change (compared to 68% for organizations that didn’t offer project management “enablers”).
A high-quality LMS should be built to maximize employee engagement—after all, a knowledge platform can’t do much good unless employees actually use it. And in order for learning managers to monitor that engagement, a quality LMS also comes equipped with in-depth reporting and analytics tools that make user activity more visible.
These reporting tools also deliver significant benefits for project managers. They surface insights into project team members’ learning progress, utilization of project resources, and project-related communications, helping to build a more complete picture of project activity. With that picture, managers can analyze project performance in granular detail, and make data-driven decisions about key aspects of the project, like resource allocation and timeline adjustments.
Our flagship product, Pinnacle Series, is more than an LMS. It’s a comprehensive knowledge platform designed to consolidate and share your organization’s most valuable asset: information.
Pinnacle Series offers a robust content framework that lets managers customize how content is captured, organized, and accessed by project teams, and supplements your in-house knowledge with continually updated learning materials from leading software brands. Virtually every aspect of Pinnacle Series is customizable to the needs of your project teams, including skill assessments, course progression, and content management.
In addition, Pinnacle Series supports flexible access permissions and sharing structures to make project work easier. Assign permissions automatically according to organizational roles, or customize them within the platform. The AI chat and search create an intuitive navigation, making content easy to find and keeping project team members in the flow of work.
Unify project intelligence and enhance your visibility into project performance with Pinnacle Series. Request a demo today to learn more.
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