Why Project Management is so important in current scenario?

Before understanding why Project Management is important, let us first understand what Project Management is. According to Wikipedia “Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.” .  Project management helps companies to maximize returns on its limited resources. With time the benefits of project management have been far reaching, which is why almost all organizations use it worldwide thus the growth of project managers as a profession has been steadily increasing and would continue to do so in the future.

As a Registered Partner of PMI, we have listed below the benefits of Project Management and why it will continue to grow:

1. Project Management helps is maximizing Returns from limited Resources: With the excessive competition in the business world today, your business can only survive through innovation and achieving maximum from the resources it has. Broadly Project Management is plan or program which uses of any strategy or technique for the successful completion of any project. It is the planning, organizing and controlling resources for the successful achievement the goals of the project. With a professional team of Project Managers it would mean that wastage is eliminated and optimum utilization of them. With competition with the dearth of resources would always mean that the role of Project Management would only become much more important. Thus as a Project Management professional it is but obvious that you would have a more thriving career in future. 

2. Project Management helps to manage risk in your business:   Risk is the part of any business. However how risk is managed is an important aspect which determines the success of any business. With project Management risks get handled much better and thus critical for your business.

3. Project Management helps your business to adapt to change: Globally everything have become very dynamic, which is why quick changes for betterment has become imperative for the growth of any business. Project Management gives a better assessment of any change which may be necessary and thus helps business to bring in any change which may be necessary.

4. Project Management helps in managing quality and meeting deadlines: Projects are always time bound and meeting deadlines are an integral part of Project Management. With Project Management thus helps your business to meet deadlines and also management the overall quality.

5. Project Management helps in learning from failure: In spite of best efforts projects do fail. However with experience gained during these project failures you need to understand them and helps you to achieve success in future.

So today Project Management globally has become the integral part of any organization, big or small and any business. The importance of Project Management would continue to grow in future too. So it is all the reason why you should become a Project Management Professional.

Choosing the Right Training Provider

Today when you are looking for training in any special field there are numerous training providers. If these pertain to training for professional courses like Project Management Professional (PMP) or CAPM (Certified Associate in Project Management) it would be all the more important because ultimately it would shape up your career. So whether Online learning or regular class training, here are a few tips for you to choose the right training institute for you:

Whether the Training Provider is a Registered Training Organization and whether the course being offered is approved by the appropriate authority. In case of PMP training you need to check whether the course is approved by the PMI (Project Management Institute). Similarly if you are pursuing any other course you need to find out whether the course is approved or not from the competent authority.

The Backgrounds of the Trainers or Instructors: The trainers hold the key to providing you with the right education or training necessary for the field. So prior to your enrollment for any course you need to do a back ground check regarding their qualification, experience. Also you need to find out how accessible they are. So that in case of your need would they help you out.

The Quality of the Training and Resource Materials: An important aspect of your learning would be the quality of the training material which would be made available to you. So try to find out whether the materials for the course are generic in nature or custom made.

What is the corporate standing of the training provider? If the training provider enjoys a good reputation in the market then many things like corporate placements, and acceptance in the market increases. Thus you need to analyze this factor too.

How much time is allocated to student support? The support required for each student varies immensely. Some students may be able to grab faster owing to which they require less support. On the other hand, others may be weak and need more support and guidance. The support required at the beginning of the course is more for new students than ones for older students as they get more accustomed.

How much time is spent making up the assignments and are they really helpful?  Assignments play an important role in the understanding of any subject. Thus how much effort is put to make the assignments is an important factor for determining the right course.

How many people actually complete the course? Is an important indicator of the quality of the course. So look for the actual percentage of the students’ actually completing the course.

Student Testimonials: The student testimonials would give you an idea of the course. Besides the background of the students following the course is generally also available to add to the credibility of the course. You may also  try to interact with the students and faculty to get a direct impression of the quality of the course.

Whatever be the course you must devote quality time to research and gather as much information as possible to take a well informed decision for your enrollment.