If you could invest $10 to gain $100 (or to keep from losing $100), would you do it?
Especially if that same investment could keep my team from embarrassing failures and losses. That’s why we invest in training trainers in Project and Vendor Management Best Practices.
Putting training managers in charge of outsourced training development projects is risky business. Here are some of the common (& very expensive) failures that regularly arise:
- Poorly-defined specifications that lead to scope changes (always more $$!)
- Miscommunications with internal stakeholders and external vendors leading to missed deadlines
- Choosing the wrong supplier for the project and ending up with a costly, sub-standard deliverable
- Time and money lost trying to get an out-of-control project on track due to lack of clear process
I worked on the vendor side for 10 years and saw first-hand how costly it can be to have people running projects who have never been trained in the basic principles of project and vendor management.
I have also served as a vendor/client consultant for almost 11 additional years, and I cringe to remember all the budget dollars I’ve seen floating out the windows of client training departments. One bad decision in just one year’s time can lead to losses of 20K, 50K, even 100K or more.
You’ve seen this happen before, right? Maybe multiple times.
What’s the solution?
Impactiviti offers industry-specific training for Vendor/Project Management. This targeted program (delivered either on-demand or live) is built specifically for Life Sciences training departments, and has been embraced by many top companies over the past 6 years.
We address all the money-saving best practices that lead to successful engagements with vendors. Here’s on overview of what we cover:
It’s time to put an end to lost training budget dollars and preventable mistakes that lead to project failures. Contact Steve Woodruff at Impactiviti (973-947-7429) to discuss the best investment for your training department.