Project Management is the most in-demand path in the agile environment.
To overcome global challenges, it’s important to respond to pressing issues without delays.
Organizations need a structured method to plan, control, organize, and manage their resources (including internal skills) to produce timely results in response to these issues. And these outcomes should be in line with current business objectives and requirements.
A Project Manager is equipped with project skills to handle different levels of work complexities.
As a Project Manager, if you’re willing to start a career in a PMP profession, you need to ask yourself — why opt for Project management as a career?
What is your future scope for this profession?
Want to know if Project Management is a coveted career path to shape up your future?
Let’s check it out!
Project Management Facts & Stats
In 2017, PMI reported the demand for Project Managers in the next 10 years will see a rapid growth compared to the demand for workers in other occupations.
A growing disparity exists between the demand for experienced PMPs and their supply around the world. As a result, employers and organizations are on the lookout for PM experts. It allows you to match your skills to their requirements.
Apart from the fact that there will be plenty of employment for PMs in the future, it’s important to know that PM roles will also be financially rewarding.
Surprisingly, the salaries of project-oriented industries in the United States were 82% higher than those of non-project-oriented experts (PMI, 2017)
In today’s economy, businesses face certain issues on a regular basis.
If the organization does not respond to these critical issues, the overall operations can face danger. Its survival may be jeopardized in the future.
The importance of project management also revolves around handling risks. Effectively managing risks in order to make appropriate changes is critical.
A project manager is in charge of managing a variety of small and large complex initiatives.
What does a Project Manager do?
Did you know?
Lack of proper project management stops companies from completing 100% of their projects.
A PM’s roles and responsibilities are meant to ease the challenges of project Management and cycle. Working on a project, an experienced PM expert understands how to detect, analyze, and manage risks.
They’re skilled at implementing the essential adjustments in a seamless manner. Involving the right people in a particular project eases essential changes. In this approach, a project manager is a person who brings value to a company. A PM assists organizations in dealing with potential dangers upfront.
A Project Manager’s Roles and Responsibilities revolve around:
Project Planning & scheduling: A skilled project manager establishes a defined procedure and establishes attainable project milestones and deadlines.
Managing resources: Resource Management is of prime importance when it comes to assigning tasks to team members. This is largely based on their analysis of skillset.
Team morale: People management is a crucial component of a project manager’s job. Project managers are in charge of a large number of people. It’s essential to motivate and support project teams. They’re also responsible to make sure team management.
Cost overrun: Project managers are in charge of finishing projects on time and on budget. They alert key parties well in advance if there is any discrepancy. As a result, the risks of last-minute surprises are reduced.
Project Management Software: Project Managers need to be well-versed with Project Management tools. These tools help in effective task management and time tracking. Project Managers ensure timely delivery of projects. Managers who know the importance of Project Management also leverage the PM software effectively.
Quality Assurance: A project’s quality is of prime importance. This has to be maintained at the highest level. They ensure that the project’s deliverables meet the stakeholders’ and end users’ expectations.
Knowledge and experience: Project Managers get an opportunity to work in different environments and gain valuable knowledge & experience as organizational assets.
Risk Management skills: Project managers are also responsible for handling risks and making a contingency plan.
The Importance of Project Management
1. Strategic Alignment
Strategic Alignment links an organization’s framework and resources with its strategy and goals.
Project management is critical in this situation because it can align duties in such a way that the project links with the customer’s strategic alignment too.
A Project Manager ensures that the project contributes to the organization’s strategic alignment in a great way.
2. Clear Goals
In 2017, the most common reason for project failure was a lack of clear goals. There won’t be any accountability without a project brief, lack of focus, description, etc.
3. Risk Management
The job is broken down into tasks, and completing these tasks leads to the project’s completion. However, there are risks bound to arise at different stages of a project. Risk management is an important component because an effective project manager anticipates risks.
Project Managers have a huge demand in several industries. They get a great lifestyle and enjoy top management positions along with the perks of traveling globally. Willing to travel globally.
If you’re among those who like to deal with new challenges daily, Project Management is the best role for you.
Get well versed with Orangescrum, an all-purpose Project Management Software that has helped a lot of Project Managers to scale projects.
Content Source: https://www.orangescrum.com/blog/why-project-management-helpful-as-career-opportunity.html