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Project Management

All You Need to Know About Project Management

If you are in a company you would have heard the word project frequently. Projects are used to achieve your aim with the help of your team workers.

Project management in the meantime is to manage the project to achieve all the goals within the given limitations. It is the application of process, methods, skills, knowledge, and experience to achieve specific project goals according to the project acceptance criteria within agreed boundaries. Members who lead these projects are known as project managers. These people are made to check whether the project team has met its goals within the given period. Project managers plan, develop, monitor, control, and even execute projects with their skilled workers to design the structure. Even though project management is not a job, it needs essential skills. Whatever the project is, you need to know how to budget, schedule, communicate, manage a team, stay organised and motivated, and many more. These skills need to be developed to lead the team in the best way.

Project management tools are not a strict set of rules, they keep evolving and changing according to the period. So if you need to be up to date you need a project management course. A training course in project management is something that everyone in the workforce needs. It can increase your efficiency and productivity in your work. All project management courses mainly focus on planning, budgeting, time management, improving communication skills, leadership quality, risk management, organising skills, and many more. These courses can be conducted either fully online, in person, or through a combination. Project managers often have an undergraduate degree in management and some may have a master’s degree. They also need a minimum of three years of experience in their related role and project management skills at their best. 

A project management methodology is a system of principles, techniques, and procedures used by those who work in the discipline. PRINCE2 is a project management methodology that is focused on organisation and control. PRINCE stands for “PRojects IN Controlled Environments”. PRINCE2 is one of the most well-known and widely recognized project management forms. There are many reasons why the PRINCE2 methodology is one of the most popular forms of project management. It is the best beginner methodology. It is a great place to start. It has clear principles and phrases that can help guide your team through essential project management skills.

PRINCE2 is also extremely flexible. It is built to accommodate any kind of project in any industry. It is intended to bend according to your project’s needs. 

PRINCE2 methodology has seven principles. It follows these basic principles.

  1. Projects must have a continued business justification
  2. Teams should learn from experience
  3. Work is planned and managed in stages
  4. Roles and responsibilities need to be clearly defined
  5. The team should stay focused on the products
  6. Manage the team by exception
  7. Tailor this approach to meet project requirements

Project Management

If your team decides that PRINCE2 isn’t right for them. Agile is a greater place to start. 

Agile project management is an iterative approach to managing software development projects that focuses on continuous releases and incorporating customer feedback. Agile projects are completed in small sections. One of the main aims of an agile approach is to release benefits throughout the process rather than only at the end. By making the necessary changes we can get a successful project on time and within budget.The Agile project methodology breaks its projects into small pieces. Then these small pieces are finished in sessions that are called sprints. 

When it comes to project management tools and techniques, there is no one technique that you can use in every project of every organisation. There are a lot of techniques that are used. Given below are some of the most unique project management techniques.

  1. Classic technique
  2. Waterfall technique
  3. Agile project management
  4. Rational Unified Process (RUP)
  5. Program Evaluation and Review Technique
  6. Critical path Technique
  7. Critical chain technique
  8. Extreme Project Management (XPM)

Not only are all the techniques important, but you also need specific tools that you can use to implement them properly. Given below are some of the tools that you can use.

  1. Organising Workflow & Planning
  2. Communication
  3. Scheduling and Time management

Project managers are responsible for planning, organising, and directing the completion of specific projects for an organisation. The project manager’s duties will depend on their industry, organisation, and types of projects. But across the board, all project managers share responsibilities across what’s commonly referred to as the project life cycle, which consists of five phases :

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and controlling
  5. Closing

Although these look like steps, these are processes project managers continually return to throughout the life of a project. Chartered Project Professional (CPP) standard is a professional benchmark that demonstrates the attainment of a defined level of technical knowledge, professional practice, and ethical behaviour. The basic requirements to become a Chartered Project Professional are to have a proven track record delivering projects, programs, portfolios, or a key control or enabling function. They should also have up-to-date knowledge of current practices and methods. 

To become a CPP there are some routes that you can choose. There are three routes. 

Route 1 :

Route one is for project professionals who have a recognized assessment for technical knowledge. With the recognized assessment you will need to provide a written submission and interview against the professional practice.

Route 2 :

This route is for the people who have recognized assessment for technical knowledge and professional practice. Here you do not need to complete written submission. 

Route 3 :

This is for those who do not have a recognized assessment but do meet the eligibility criteria. It is an experimental route. 

The most widely spread courses in the field of project management are;

  1.  Project Management Professional (PMP)
  2. Association for Project Management (APM)

Project Management Professional(PMP) is a globally recognized designation. It is widely recognized and has been linked to multiple benefits for project managers. It tests the candidate’s ability to manage the people, processes, and business priorities of a professional project. To get the certificate, you need to meet the experience requirements and pass a certification exam. The Association for Project Management (APM) is the chartered body for the project profession. The APM provides professional project management qualifications and exams for people working in or wanting to work in, the project management profession. This qualification is highly recommended by employers, especially in the UK. The PMP has more benefits on the individual level and for career growth by distinguishing yourself as a PMP certificate holder. In comparison, the APM has more benefits on the corporate level by offering viable hands-on experience in managing projects and improving your organisational project management performance. 

Project managers often hold a lot of responsibilities. But it also has a lot of benefits for you. There is never a dull moment in project management. There is always a variety of projects. They also get a lot of travel opportunities. They might travel to different destinations for many different reasons. Being in project management doesn’t restrict you to one type of industry. You can change your industry. Plus project managers are in high demand so the salaries particularly of top project managers can be very financially rewarding. 

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