Traditional learning model
Despite the fact that here is a lot of buzz in business about importance of project management skills in resources aligned in delivery of projects, the trend of formally trained individuals is quite small or insignificant. Few years before (when PMP or Prince2 credentials were not as sought after as today) professionals as well as organizations did not feel the need to have formal training for PM professionals. Rather it was more likely that these resources gained ‘hands on’ knowledge and skills while performing the jobs in their day today work life & going through company’s existing processes, procedures in use and learning from mistakes made in the live environment. It is quite obvious that many learned the tricks & techniques with historical tried and tested ‘trial & error’ method possibly unknowingly at the organization’s expense!
PM Training becoming mainstream
It is also evident that due to lack of structure and infancy of the discipline the failure rate of projects were higher that what they might be today. make no mistakes, I am not suggesting that improved success rates of projects today compared to a decade earlier is primarily or solely due to acceptance of formal training and certifications of professionals in the industry, the must have been other factors at play as well such as improved tools and better awareness and knowledge around techniques and off course increased level of maturity of the performing organization. Over the years awareness about value of formal Project Management training has been recognized by the industry and this reflected in the fact that now there are large numbers of training schools/colleges offering variety of training programs for varying levels of needs.
What drives people for credential
Even with much greater emphasis on requirement for industry recognized credentials, the key aim of individual for gaining PMP, Prince2 or similar badges is more to do for financial benefits & due to peer or organization pressure rather to really gain additional subject and process knowledge for practical application purposes. I do believe that going through the process of preparation for the certification does help in the way that individual gains basic level of subject knowledge and terminologies, which in itself has remarkable value.
Why Skill disparity still remains
What actually is used in day today practice is mostly to do with framework established by the performing organizations which depends again on the level of maturity the organization is working. So what it means is that even though 2 individuals with same level of experience and industry recognized credentials may have quite different level of expertise in Project Management knowledge area due to the exposure and practical use will defer based on the adopted practices by their organizations. Credentials & formal training in professional fields act as minimum level of knowledge/skill expected by the Industry from project management professional, this is still an excellent value, given this is what expected out of these programs.