Project Management: All You Need To Know

Have you always been the leader in all those minor school activities? Do you find joy in teamwork? Are you interested in handling major as well as minor projects? Then, my friend, project management may just be the right pick for you.

Being a leader is not very easy. Making people complete tasks to reach certain goals isn’t a piece of cake either. It takes a lot of patience, effort and determination to accomplish these tasks.

This patience, effort and determination are what is expected from the project manager in various companies today.

Project management may not be the career choice that you grew up thinking that you would pick.

However, it is definitely one that will challenge your abilities and present you with complex situations and problems every day. As time goes by, it is definitely an option that will keep you on your toes.

So here is everything that you will need to know to get into as well as pursue a career in project management.

What do project managers do?

It is as simple as the name suggests. A project manager simply manages projects. Honestly, that is the most basic way you can explain the profession.

Project management as a career

A project manager is a professional who is responsible for planning and executing projects for the achievement of organisational goals. They are responsible for a whole lot of tasks like budgeting, communicating ideas, establishing protocols, monitoring performances and many more.

It is their job to do everything in their power to ensure standards are met, objectives are fulfilled and goals are reached.

All industries, no matter whether they are big or small, public sector or private sector, require efficient project management. They require individuals who monitor the functioning of the organization as a whole on as minor a level as possible.

This is where project managers come in. They handle and monitor the assignments given to them and make sure deadlines are met.

Skills required for a career in project management

The following skills will prove to come in handy if you decide to take project management up as a career.

Skills for project management
  • Good communication skills
  • Ability to think creatively, strategically and critically
  • Budgeting skills
  • Good negotiation and problem-solving ability
  • Leadership skills
  • Compassion towards people
  • Ability to offer fresh perspectives to situations

As you may have noticed, most of the skills that are required are soft skills. Any individual who gets into this field will require and will also work on these skills as he or she gains experience.

Scope for project management as a career

Now, when it comes to the scope for any job out there, people may think of it from 2 varied perspectives. There is a scope for learning new stuff and improving your skills.

And then, there is the actual demand for individuals trained for the profession or what is also known as the scope for actually getting a job.

Let’s study the scope for both these spheres in relation to the profession of project management.

Scope for gaining knowledge

scope for project management

Primarily, the world of business is ever-evolving. There is always a new product to be launched or a new market to be explored or new services to be offered. Hence, a project manager has to always keep learning and exploring.

There is also the fact that project management does not rest within one type of industry. There’s IT, business administration, finance, textile and many more. So the knowledge of a project manager stretches literally through industries as his or her experience grows in the field.

Hence, as a project manager, you can expect to learn new things and adapt to new situations every day.

Scope for employment in project management

The demand for project managers has been on an all-time high. Project management is not only a profession of great importance today but it also holds a promise for tomorrow.

A recent survey has revealed that by the year 2027, there are going to be at least 22 million new project management job opportunities.

This means that a whole lot of organisations and companies will have the necessity for trained professionals in project management. Due to this, salaries may also be highly competitive for such trained professionals.

So in short, the future prospects for project managers looks pretty good.

Educational qualifications

Project managers are pretty well-educated and well-qualified individuals. Even though the importance of soft skills is pretty high in this line of profession, proper educational qualification is something that all employers take into account.

The qualifications that they check up on can be divided into 2 categories. The first is the actual degree that the candidate possesses and the second is the certifications that he or she has gained in project management.

Here is a look into both these categories.

An educational degree

educational qualifications for project management

You really do not need a specific degree to get into the role of a project manager. However, it is to be kept in mind that some of the industries that majorly employ project managers are industries involved in manufacturing, finance, information services, management, utilities and natural resources.

Hence, a degree relating to business administration and finance may prove to be beneficial. An MBA or a Masters in Finance would also help you increase the depth of the skillset you have.

This will give you a good amount of knowledge as well as experience in the field of project management.

Certifications in project management

There are really not many institutions out there that offer you specialized degrees or graduation in project management. Hence, if you really want to increase the value of your resume to a potential employer, certifications are the way to go.

The following is a list of the top certifications that you can gain in project management.

  • PRINCE2 Foundation/PRINCE2 Practitioner
  • Project Management Professional (PMP)®
  • Program Management Professional (PgMP)®
  • CompTIA Project+
  • Certified Scrum Master (CSM)

Career growth in project management

career growth in project management

Career growth as a project manager is basically climbing up the bureaucratic ladder. As you gain more certifications and specialize in your degree, you qualify to move forward to the next level in your company.

Senior level management posts are the highest level of achievement for project managers. That level is reached after gaining lots and lots of experience. Once an individual has had at least 10 years of experience in the field, he or she can expect a somewhat smooth transition into roles of seniority.

The career growth is pretty gradual, steady and may even appear tiresome. However, the rewards that this profession brings as you go to the next level are worth the effort.

Here’s hoping that you learnt all that you needed to know about a career in project management. Put in your best efforts and gain as much knowledge and experience as you can. This career may be a lot of work but the work you put in does really pay off.

All the best!!

Check out our article on New-age Digital Careers.

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