Why it is necessary for the project manager to understand the reasons leading to the selection of a project?
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Importance of project managementProject management is high in demand in variety of industries and so is the need of project managers. In today’s economy, irrespective of industry, project management finds its wide application. – Why? Organizations today face fierce competitions. They need to combat global challenges. And must respond to internal/external issues without undue delay. In response to these challenges, organizations need structured approach to plan, organize, control and manage their resources (& internal capabilities) to deliver timely results. And these results should be aligned to business goals and needs of today. Project managers with their sound project skills, are equipped to take these projects. Also, these projects may involve different levels and complexities. So if you are a project manger or willing to start career in a PMP profession, this article gives you a broad picture. – Why to opt Project management as a career in today’s time. What are the future prospects for your project management career path? Readers are encouraged to read this article till end to get a sky view of project management as a coveted career path to shape up your future. Project management career – Fact & FiguresImage Source: https://www.powerformula.net Project management has become a sought – after career path in present agile environment. As per the recent report published by PMI on PMP job growth (Project management – Job Growth and Talent gap, 2017 – 2027),
I hope by now you understand the benefits of project manager career path as a rewarding in future than ever. Why project management is important?Value addition to organization on hiring a project manager:We have seen a rapid growth and globalization in past decades. Sudden changes in technology, internal and external environmental changes, global competition, new customized requirements on products & services, new expectations of now more educated customers & users than before. - These are some of the factors that organizations come across frequently in today’s economy. If the organization doesn’t respond to these changes, it puts the self in a big potential risk. – May risk its existence in future. So, analyzing these risks & managing them well to ease necessary changes is much a need. A project manager is responsible to lead various small or large complex projects. A skilled PM professional knows – how to identify, assess and manage risks, while on a project. He is proficient at deploying the necessary changes in an integrated manner. He facilitates the necessary changes by involving necessary stakeholders. This way, project manager is an individual, who adds value to an organization. He helps organization combating upfront risks. And prepares it for sustenance by warranting the achievement of project goals. What does Project Manager do?Let's go along following bullets to understand more about PM role and responsibilities:
Why become a Project Manager?Image Source: https://pixabay.com
Why to get certified project manager?Most of the professionals leading to PM career path have preconceived belief. That is, "PMP certification is not important for pursuing PM career." So let me tell you - PMP certificate is a credential for PM professional’s suite. PMP certificate ensures skills & knowledge matching to all the requirements of PM essentials. PM's capabilities as a certified PMP enable them to contribute to organization’s strategies by carrying out projects as planned, scheduled, budgeted. Well-adopted and executed project management principles lead an organization to competitive advantages. Many organizations mandate PMP certificate as important criteria for the recruitment of PMs. PMI - PMP certification is globally recognized certificate. PMI offers following PM related certificates:
So, if you aspire to be a certified project manager. And you are looking for bright opportunities in PM jobs in variety of sectors across the globe. Then, you are the one who should do PMP certification. To explore more about the PMP certification benefits, you can go through our article. - “Six Reasons – Why PMP certification is worth it” Is it important to join a training program to be certified?A very obvious question running in minds of most of the readers, who want to be a certified project manager. PMP training programs are helpful for you to crack the PMP certification exams. GreyCampus training modules cover the complete PMBOK topics. Also, in training, you’ll study some cases with real time approaches of project management. Our training programs on PMP are very well aligned to the today’s need of PMP professionals. Experienced Project management trainers conduct them. If you aspire to be a certified PMP or want to ace the PM approaches, you can join GreyCampus PMP courses. ConclusionIn a nutshell, project managers have a bright future and huge demand, currently as well as in times to come. If you want to earn handsome packages. Want to maintain good lifestyle. Willing to travel globally. Aspiring to take top management positions. Like to deal with new challenges and love to learn new things daily. Then, PMP roles are the best match & will provide you a rewarding career indeed. So go ahead to shape your career. Join now & explore the widening opportunities in project management! What are the important factors to be considered during the selection of project?These factors are related to time, cost, scope, quality, owner organization, cash flow, project characteristics, risk and relationships. It is important that owners understand these factors as it will assist them in making the right choice for their projects.
What is the purpose of a project selection form?The benefits of completing the Project Selection are: a transparent and documented record of why a particular project was selected. a priority order for projects, that takes into account their importance and how achievable the project is.
Why is it important to select the right project before you begin working on it?Selecting a wrong project could result in poor results, wasted effort and since the organization is working on the wrong projects, it would prevent the organization from working on more important issues.
What do you understand by project selection?Project selection is the process of evaluating and choosing projects that both align with an organization's objectives and maximize its performance. Prioritization refers to ranking or scoring projects, based on certain criteria, to determine the order of execution.
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