Why Study Project Management?
There is no doubt that organisations today deal with more aggressive competition than in the past and the business environment they run in is an extremely turbulent one. This circumstance has increased the requirement for organisational accountability for the personal and public sectors, resulting in a greater focus and demand for operational efficiency and performance.
Efficiency and performance may be facilitated through the intro of finest practices that are able to optimise the management of organisational resources. It has been shown that jobs and operations are dissimilar with each requiring different management techniques. In a project environment, project management can: (a) support the achievement of project and organisational objectives; and (b) offer a higher guarantee to stakeholders that resources are being managed successfully.
Lots of organizations today have a renewed interest in project management and its numerous benefits. Project management is utilized on all levels of the organization and is now viewed as an important occupation. Organizations have understood that project success depends on the knowledge, processes, abilities, tools, and methods that competent project managers can give the project.
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.
Why study Project Management Courses Stellenbosch
Project Management is an important part of the global business environment. It is used extensively in business, construction, engineering, manufacturing, the public sector, the military and NGOs to plan, manage, control and evaluate projects. Skilled practitioners are required to meet the demands of industry and the economy. You can start your studies today for Project Management Courses in Stellenbosch.
Project Management Courses Stellenbosch Study Material
This Project Management Course consists of 5 modules and each module has one compulsory assessment. Once you have worked through your course study material you will complete the assessments, you may send it to us via mail or you can upload it to our learning platform. Within the study material there are also self assessment sections where you can test your knowledge and understanding.
Once you are registered you will receive your printed Textbook, Study guide and assessment folder via courier
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.
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 time frame will all be based on the need and expected outcome(s) of the project.
In the Initiating Process, the Return on Investment Analysis is also conducted. The organization will determine if the expected outcome of the project is worth the time, cost, and resources required to complete the project. Based on this information, the organization may determine whether to move forward with the project or stop the process. If the project continues, the final step in the Initiating Process will be to begin the development of the budget.
During the Planning Process, the project scope is defined, the budget is set, the time frame is determined, and the project team is assembled. As the Planning Process moves forward, the project’s activities will be determined and the responsible project team members will be assigned their various tasks.
During the Executing Process, the actual tasks and activities of the project begin to be worked on and ultimately completed. The Monitoring and Controlling Process actually takes place alongside the Executing Process. During this process the various tasks and activities that are being executed are watched for any variations in terms of scope, time, and budget from the original plans of the project. If there are variations, corrective action may be necessary to keep the project from becoming a failure. During this Process, risk management is conducted to ensure that unforeseen interference do not derail the project. Changes are likely to occur with any project, so project managers need to assess the various situations and make the necessary changes to keep the project moving forward.
The final process is the Closing Process. During the Closing Process, the project is completed and delivered to the end users.
The customer will review the project to determine if all scope requirements have been met. Once approval is obtained from the end users, the project is officially completed and all project-related documents, accounts, and activities are closed-out. The final task of the project team is to complete the “lessons learned.” This is the process of assessing and communicating what went well with the project and what could be done differently in the future to make similar projects go smoother.
Project Management Implementation Phase
The implementation phase is where the project plan is put to work as the project manager monitors, executes and controls its implementation. During this phase the project manager interfaces with management, delegates responsibilities, organises resources and communicates with all stakeholders to ensure timely and successful completion of the project. Interpersonal skills of influencing, negotiating and communicating are vital to resolving these challenges. Responsibilities include:
- Team management and development
- Keeping stakeholders informed and managing their expectations
- Measuring and reporting on performance and progress
- Monitoring and controlling cost, time and scope
- Monitoring risk and quality
- Taking corrective action as required.
The final phase is the closure phase. This is when the project manager delivers the finished project to the owner, acknowledges contributions made and documents the work. Reflecting on lessons learned ensures that this experience is passed on to assist other managers.
Importance of Project Management is an important topic because all organisations, be they small or large, at one time or other, are involved in implementing new undertakings. These undertakings may be diverse, such as, the development of a new product or service; the establishment of a new production line in a manufacturing enterprise; a public relations promotion campaign; or a major building programme.
Whilst the 1980’s were about quality and the 1990’s were all about globalisation, the 2000’s are about velocity. That is, to keep ahead of their competitors, organisations are continually faced with the development of complex products, services and processes with very short time-to-market windows combined with the need for cross-functional expertise. In this scenario, project management becomes a very important and powerful tool in the hands of organisations that understand its use and have the competencies to apply it.
On a macro level organisations are motivated to implement project management techniques to ensure that their undertakings (small or major) are delivered on time, within the cost budget and to the stipulated quality. On a micro level, project management combined with an appropriate information management system has the objectives of:
(a) reducing project overhead costs;
(b) customising the project workplace to fit the operational style of the project teams and respective team members;
(c) proactively informing the executive management strata of the strategic projects on a real-time basis;
(d) ensuring that project team members share accurate, meaningful and timely project documents; and
(e) ensuring that critical task deadlines are met. Whilst the motivation and objectives to apply project management in organisations is commendable, they do not assure project success.
This is what you will be learning when you study Project Management Courses Stellenbosch
The best project managers are those who consistently deliver, on time and within budget. They achieve this by understanding that effective people management and keeping employees happy should not be overlooked. This course will build on those skills, and also train you to become an effective Project Manager through courses that ensure that you are ready to excel in this field.