Project Management is employed in every organization across every industry. It is at the heart of every business. Regardless of the industry’s type, location, and size, skilled and qualified professionals are always required to plan and deliver the work.
This fact is made clear by a report by PMI(Project Management Institute) that states that there will be a demand for 2.2 million project managers every year across the globe through the year 2027.
So, a career in project management can be rewarding and lucrative enough that you would like to make a switch. But it is not everyone’s cup of tea. You have to possess a specific set of advanced skills, which include strong communication skills, strong decision-making skills, staying ‘cool under pressure,’ and also effective team-building and management skills.
Professionals generally think twice before enrolling in a project management program. This is because it needs the investment of time and money, and obviously, everyone would like to invest in something worthwhile.
This article will let you go through an overview of project management and the reasons to get into building a career in this domain.
What is Project Management?
Put simply, the process of managing a project from initiation to successful closure is called Project Management. This process requires you to carry out the steps listed below:
- Project Conception and Initiation
- Project defining and planning
- Project launch and execution
- Project Performance and Control
- Project Closure
These steps are closely related to planning the project, defining project objectives and requirements, setting milestones, identifying deliverables of the project, and also managing timelines, team members, and budgets to make sure that the project is heading towards success.
So, as a Project Manager, you are in charge of proper planning, effectively managing, and executing different projects.
Effective and efficient project management comprises an assessment of project feasibility, breaking down complex processes into smaller chunks that are manageable and assigning them to concerned team members. Also, it includes ensuring smooth functioning from the start to the closure of the project.
Top Reasons for Choosing a Career in Project Management
By becoming a project manager, you become an integral part of every initiative taken by your company. One point to be noted here is that consistent learning and upskilling are required to become an excellent project manager. This is because of the uniqueness of every task, every project, and every team.
Some of the most critical skills you are supposed to possess as a Project Manager include leadership, delegation, team-building, effective communication, integrity, proficiency with popular project management software, and certification(s) in the related domain.
Some of the reasons that a project management career is lucrative are:
- Smooth Career Trajectory
Not every job leads you to a smooth career path. But project management does!!
You can start right from the internship and head towards a project coordinator to assist project managers. You can then become an assistant project manager, and with the required experience and often a PMP certification, you can start as a Project Manager.
Further expertise, knowledge, and experience lead you to the positions of Senior Project Manager and even the VP of your department.
- You can work in an industry of your choice
As stated earlier, project managers are required everywhere across the globe, across every industry. These include construction, manufacturing, retail, media and entertainment, logistics, eCommerce, finance, banking, investment, healthcare and pharmaceuticals, energy, law, IT, architecture, software development, and more.
When you get to choose the industry of your interest, the job or task becomes more interesting. And when you love your work, you become more productive and efficient.
- A career in Project Management improves your earning potential
You can earn competitive salaries as a Project Manager. The shortage of skilled, trained, and certified project managers make companies pay huge salaries to qualified project managers.
Also, companies gradually realize the importance of hiring project managers, driving competitive salaries for them.
The average annual salary of a Project Manager in the US is around USD 59,680 at an entry-level, according to Glassdoor.
- Every Project is Unique
Projects are temporary entities and, therefore, unique. After the successful completion of one project, you get to work on another one with all new requirements and new goals to achieve. You can also work on multiple projects at a time.
Each new product development is unique in its own way and may require you to work with a different team, work on different channels, and even employ different project management software.
This way, you get to improve yourself by working on a new bundle of tasks.
- Get to gain Extensive Knowledge of Project Management
Working on different projects and with various teams enables you to expand your knowledge extensively. Also, since every project is unique, it requires you to work on different goals, for which you might attend seminars or collaborate with more experienced professionals.
They may also include skill-based learning models that again add to your knowledge and also value.
- Project Managers can Make a Difference
Yes!! You can make a difference to your company by impacting the company’s bottom line. It gives you a taste of success when you meet the deadline, meet the budget, keep the project tasks on track, and interact with concerned professionals to make sure that everything is at its pace and running efficiently.
Is it worth taking a Project Management Program?
Definitely!!
To enter into the domain of project management, you will require certain skills, specific knowledge, experience, and also some certifications like PMP (Project Management Professional).
To meet the specified prerequisites or eligibility criteria set by PMI (Project Management Institute), the best way is to take up an online training course. An online training course from an accredited institute enables you to work hands-on with the tools and techniques used in the domain. Flexible schedules, curriculum specifically curated via industry experts, live online classes, efficient mentorship, doubt sessions, and career guidance are some of the special features of an online training course.
Enroll Now!!