Get more projects with less stress with the art of project management, one of the biggest secrets for the success of your dream projects and launching groundbreaking products. It differs from management because here, you have an objective that you finally have to deliver in a finite period.
Managing project is a process or a skill where a person coordinates, processes, plans, tracks, and executes a project with the help of project team members. To do so, they need to use the principles, skills, methodologies, and tools to deliver a project that meets the goals and satisfies the requirements.
The process of management is a life skill for all. Even if you are not formally called a project manager, you still manage one or the other work in your way with your team to get it done efficiently and on time.
Stages Of Project Life Cycle
These five stages are also called the project life cycle and include project initiation, project planning, project execution, monitoring & control, and project closing. Project managers have to follow these steps to deliver excellence in their performance.
Initiating
A project starts or gets initiated with a business case, feasibility study, cost-benefit analysis, and any other type of research to determine whether the project is practical and should or shouldn’t be undertaken. A project charter is also created, which provides an overview of the project and sets up the stage for the project plan.
Planning
The project planning stage begins by setting SMART goals ((specific, measurable, attainable, realistic, timely). A detailed project plan is developed that has to be followed by the team. Some important decisions like selecting the members for the team, key performance indicators, and milestones to be met, along with the goal, scope, and budget of the project, are also decided in this stage.
Executing
This is where you start your actual project with your team. Some of the tasks that make up this phase include developing the team and allocating the necessary resources using key performance indicators, executing the project plan, procurement management and tracking and monitoring the progress.
This is the phase where you see your work coming together, as most of the work is done in this phase.
Closing
This consists of setting up controls and key performance metrics to measure the effectiveness of the project execution since having a project plan doesn’t mean things will run smoothly on their own. It is very important to make sure that the execution goes as planned in terms of schedule, scope, and budget baselines.
frequently Asked Questions
What Is A Project Manager?
A person who is responsible for the day-to-day management of a project is called a project manager; for this, project managers have to be competent in managing the six aspects of the projects, which include scope, schedule, finance, risk, quality, and resources.
He is the person who is responsible for leading the team through the project life cycle and thoroughly explains how the project will be executed by letting them know of the budget, timeline, schedule, roles, and responsibilities, among other things.
Project managers make sure that the project plan is sound, report regularly on its progress, and monitor it to ensure that its execution stays within the approved budget and schedule.
Apart from the set of essential skills, this job requires a Project management qualification (PMP), a Certified Associate in Project Management (CAPM), or an equivalent experience as a project manager.
How To Become A Project Manager?
The job of managing project comes with many entry points. To foster your expertise in these areas is a learning process that requires time, devotion, and practice. You can choose one or the other way to choose your career as a project manager.
Education
Some individuals prefer to build out their careers by earning a degree with a required set of skills. For this role, you can opt for a four-year Bachelor’s degree program with business, I.T., engineering, or related programs to get a strong command.
Another way is to get into MBA program to launch yourself into a promising project manager career. This program allows you to climb up the highest ladder of your dream job and deliver exceptional performance. You can get your masters in business management with this program by enrolling in any of the best business school in the U.S. You can always look for a Free FAFSA Application for your financial aid.
Certifications
Once you have your degree, you can immediately apply for certifications like the Certified Associate in Project Management (CAPM) or a Project Management Professional (PMP). Some other certifications for management process offered by Project Management Institute PMI include
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Project Management Professional (PMP)
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Certified Associate in Project Management (CAPM)
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Program and Portfolio Management Professional (PgMP) and (PfMP)
