Resilience is one of the most important traits of successful teams. This stands true not only in the wake of current coronavirus crisis, but also otherwise as the road to success in business is always dotted with unprecedented challenges and setbacks. Team resilience is the ability of a group to respond to a disruption or change in a manner that doesn’t impair productivity or efficiency. These days the business landscape evolves quickly and employees are often faced with crippling workloads, changing priorities, workplace complexities, new trends, emerging competitions, organizational changes and much more. The stress and tension that rise consequently can result in missed business opportunities, dissatisfied clients and a toxic work environment, if not dealt in a proper manner. However, the good news is that as a leader you can build the resilience of your team so they are capable of coping with difficulties and challenges and delivering high performance consistently.
Keeping the projects on time and budget is essential not only for their efficient completion but also for earning credibility and more business for the organization. With competition becoming more intense in the business world, companies today need highly skilled project managers to meet the goals and exceed expectations. Statistics suggest that only 57% of projects are completed within budget (without any additional funding) and only 51% successfully maintain the original schedule. Project management is also one of the hottest skills in the business world today and although the number of jobs is growing exponentially, a huge number of candidates lack the crucial skills which is creating a talent gap. Regardless of the type of project, there are certain core skills needed for project management to ensure successful completion and delivery. And, when the budget is limited and timeline is short, the task becomes even more challenging.