Bridging Learning Value Gaps in a New Project Economy

Abstract

Abstract: The current study used Blomquist’s Project Management Self-Efficacy assessment to collect data about student’s perceived project management competence before taking a graduate level project management course. The research utilized the PMSE assessment to measure actual and retrospective pre-course project management self-efficacy. No industry is immune to the need for skilled project managers. Our question is “how do you know…they know…what they say they know?” In recent years, PMI’s focus was The Project Economy. In the new project economy individuals need to transform ideas into reality and deliver value to stakeholders by collaborating in teams to successfully complete projects and support organizational value streams. Findings showed that individuals with previous project management experience were more likely to overestimate their skillset before taking the class than those without previous project management experience. This gap in project management skill insight puts employers at risk for missed opportunities and unrealized cost savings. Through the application of project management tools and templates, the students learn project life-cycle approaches used in industry today and demonstrate application through completion of actual projects in a team-based setting. The real-world application of ideas allows students to bridge the gap between their conceptual knowledge and their ability to effectively manage a project.

Keywords

• Project Management Self-Efficacy
• Response Shift
• Learning Value Gap
• Retrospective Assessment
• Action Research
• Organizational Value Creation