Why Study Project Management Courses
There is no doubt that organisations today face more aggressive competition than in the past and the business environment they operate in is a highly turbulent one. This scenario has increased the need for organisational accountability for the private and public sectors, leading to a greater focus and demand for operational effectiveness and efficiency.
Effectiveness and efficiency may be facilitated through the introduction of best practices that are able to optimise the management of organisational resources. It has been shown that operations and projects are dissimilar with each requiring different management techniques. Hence, in a project environment, project management can:
(a) support the achievement of project and organisational goals; and
(b) provide a greater assurance to stakeholders that resources are being managed effectively.
Many organizations today have a renewed interest in project management and its many benefits. Project management is used on all levels of the organization and is now seen as a valuable profession. Organizations have realized that project success relies on the knowledge, processes, skills, tools, and techniques that skilled project managers can bring to the project.
How You Will Use Your Project Management Course
A project is a unique undertaking so the approach to managing projects must be different compared to normal operations. Projects are a temporary endeavors and have a clearly defined start and end date.
There are distinct differences between projects and the normal, daily operations of the organization. Characteristics of operations include tasks that are on-going and are usually in a continuous cycle, they have no end date as they are crucial to the daily functions of the organization.
Operations are also repetitive and the inputs and outputs are expected and routine. There is usually nothing unique about operational tasks. Projects, on the other hand are temporary endeavors; they have a definite beginning and end, they are also unique and involve a new undertaking for the organisation and are unfamiliar ground that the organization has not explored before.
Projects can include one or more individuals, one more departments, and even one or more organizations. They can create a variety of tangible or intangible products, deliverable, services, or results.
It should be emphasised that the causes for the failure to deliver on time, on budget and to the quality of performance expected could be addressed by the application of project management practices. Furthermore, the failure to deliver on time, on budget and to the quality of performance expected does not necessarily mean that the project was itself a failure. At this stage what is being discussed is the effectiveness and efficiency of project execution and not whether a project is a success or failure.
Projects are temporary endeavors and have a clearly defined start and end date.
The Project Management Institute (PMI)
The Project Management Institute (PMI) is the governing body that issues project internationally recognized management certifications.
There are six different types of certifications that can be obtained after completing the required coursework, field experience, and passing the exam. These include the following:
- Certified Associate in Project Management (CAPM)
- Project Management Professional (PMP)
- Program Management Professional (PgMP)
- PMI Agile Certified Practitioner (PMI-ACP)
- PMI Risk Management Professional (PMI-RMP)
- PMI Scheduling Professional (PMI-SP)
The successful completion of the PMP® examination will show employers that you are an internationally recognized project manager.
Project Management Program
A program is a group of projects that are similar in scope, activities, and similar subprograms. The purpose of a program is to manage the projects in a coordinated way that would not be possible from managing them individually.
Project Management Portfolio
The portfolio includes all programs, projects, and subprograms that meet the strategic objective of the organization Programs and projects do not need to be related in order to be in the portfolio; they only requirement is to be related to the overall strategic objective(s) of the organization.
What Is Project Management
So what is project management? The simple definition is the management of projects. However, project management is much more than a simple definition. A more useful definition in understanding project management is the application of knowledge, tools, skill, and techniques to project activities in order to meet project requirements. These are some of what you will be learning during your Project Management Course.
As defined by the PMBOK Guide, there are five distinct processes that projects go through.
These include the following:
- Monitoring and Controlling
During the Initiating Process, the need of the project is clearly defined. This is an important first step as the scope, budget, and timeframe will all be based on the need and expected outcome(s) of the project.