Important aspects of Project Management

A career in project management is one of the most sought-after careers in the present scenario as it is a lucrative field that is full of opportunities. Companies operating...

A career in project management is one of the most sought-after careers in the present scenario as it is a lucrative field that is full of opportunities. Companies operating in diverse niches look for Project Managers for seamless execution of every single project. So, most of the candidates are in the race to become Project Managers. However, people have a lot of misconceptions about project management. It is believed that anyone who can prepare Microsoft projects is capable of becoming a project manager. Actually, it is a lot more than that. One must be able to plan, execute, control, organize, monitor and prepare reports in order to manage the projects efficaciously. Apart from this, a strategic approach, field-specific knowledge, leadership traits and the ability to handle problematic situations are the virtues that make up an ideal project manager. Our PGDM in Project Management instills all these managerial skills.

Our course accustoms the candidates to various aspects of Project Management which are as follows:

1.  Planning the project

Planning is the most important step in any project. Planning the project refers to the creation of project blueprint and formulation of the goals of the project and approaches to be followed.

2.  Scope of the project
The scope of the project indicates the significance of the projects and the activities that need to be undertaken during the course of the project. The process of determining what is necessary and what is not is quite a regular process. A clear understanding of project goals avoids confusions and allows the team to focus on the main things.

3. Time management
Every activity needs to be completed within the given time period. Exceeding the time limit will never benefit the customer and it leads to wasting your time as well. Thus, the timeline should be allotted to every single task and it must be ensured that deadlines are respected.

4.  Resources required
The project manager must keep a good synchronization with the available resources as well as stock them as soon as their stocks are low. Optimum utilization must also be done in order to avoid facing their shortage. The manager must even know the time period for which the resources will last in order to ensure effective management.

5. Effective Communication
Communication has a huge role to play in project management. It is a two-way process and therefore requires the presence of both speaker and listener. If the speaker wishes to convey any information to the listener, he must speak to the point and clear. Proper communication is a must to obtain successful results.

6. Quality of the project
Quality plays a crucial aspect in the successful completion of the project. The customers/clients would never compromise on the quality of the project and they’ll always demand high-quality. Furthermore, in today’s era, nobody has the time to sit and read the whole data. If you can convey the necessary information by making use of fewer words, then people will automatically start paying heed to your work.

7. Cost
Every project must be cost effective. Every activity requires investment, but a project will gain profit only when it is ensured that expenses are minimal. Furthermore, if you are successful in providing good services within a minimum budget, then the customers will always come to you. Crossing the limit of the budget won’t be good for both the parties.

8. Risks
The risk factor is very common in every project. So, good management skills are required to deal with such unwanted risks. The project manager must be skilled in dealing with different adverse situations or risks that might occur while working on any project.

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