Project management meeting.

Project Management

posted in: Business

Managing a project requires special set of skills, such as the ability to plan, monitor and control execution, and evaluate and manage risks. Among the most important qualities project managers need to develop is the ability to communicate effectively. Functions of a project manager can be compared to the work of the director of the orchestra – empowering musicians while controlling the overall sound.

Project Management Done Right

A project has a timeline, starting with project choice and the initiation phase. Project charter, including cost, schedule and scope constraints, are indicated. Risks are assessed. Requirements of all stakeholders are collected. A team of qualified workers is assembled.

Then follows the execution of the project, which is always under constant supervision by the project manager. The PM has to negotiate resources with functional managers, follow selected methodology in procurement, quality assurance and change requests management.

In the closing phase of the project, project managers have to collect information about lessons learned and integrate it into knowledge base of the organization. Earning a degree will definitely help a person to start career as a project manager.

Requirements to Become a Project Manager

To be a good project manager, you need to develop a strong set of skills through education.

  • First, the process of studying will sharpen the ability of an individual to express his opinion in a clear and concise manner, orally and in written form.
  • Second, education will broaden his/her horizons and provide knowledge of mathematical models for financial management of the budgeting aspects of the project, of legal foundation for project management and other important facets of the project management profession.
  • Third, meeting fellow students and professors. Specializing in this area of knowledge will create a networking foundation that will support development of the professional growth throughout your entire career.
  • Fourth, an internship that a majority of the schools open for graduate candidates, help to get real working experience.
  • And, finally, a formal diploma is considered by the employers to be evidence that the candidate is suitably qualified for a project manager position.

Project management is a challenging, rapidly developing and exciting area of business. It combines resources, finances and time management in one role. You need to be able to resolve conflicting schedules, interests and positions while helping people realize their potential while working on a common task.

Talented individuals can grow from a manager of small projects into large program and portfolio managers. The sky is the limit in this rewarding profession, which helps to solve tasks on time and on budget while keeping all participants engaged and energized.

Getting a degree will help in creating the foundation for success as a project manager, and continuing education is necessary to ensure you stay on top of the developments and challenges presented by an ever-changing environment.