In today's competitive business landscape, the demand for skilled project managers with expertise in vendor management is on the rise. According to a recent survey by the Association for Project Management (APM), 78% of UK businesses believe that effective vendor project management is crucial for project success. Additionally, the Project Management Institute (PMI) reported that companies in the UK waste an average of £215,000 per year due to poor vendor management practices.
To meet this growing demand and ensure project success, professionals need to acquire specialized skills in vendor project management. A Professional Certificate in Vendor Project Management provides individuals with the knowledge and tools necessary to effectively manage vendor relationships, mitigate risks, and ensure project deliverables are met on time and within budget.
The following statistics highlight the importance of acquiring a Professional Certificate in Vendor Project Management:
Statistic |
Percentage |
Businesses emphasizing vendor management |
78% |
Annual waste due to poor vendor management |
£215,000 |
By obtaining this certification, professionals can enhance their career prospects, increase their earning potential, and contribute to the overall success of their projects.