The business world has changed—evolved, actually, not just in a technological sense but in terms of how businesses are conducted in a fast-paced environment. Therefore, management becomes paramount in order to skilfully carrying out business tasks and making projects successful.
Project Management, in short, becomes a flawless blend and proper balance of time, budget, quality, and meeting consumers’ expectations to successfully execute a project. However, according to recent studies, around 67% of projects fail to succeed in organisations that undervalue project management goals as strategic competencies for implementing progression. On the other hand, in the next ten years, the demand for project managers will be at a peak as India would require more than 7 million professionals for this job role.
Industry Paths for Project Managers:
Project managers are required in almost all sectors, especially in today’s advancing and systematic business environment. Generally, these industries share a similar need for innovation and outstanding productivity. However, the roles and responsibilities of professionals vary accordingly. Project Management has become such a crucial aspect of businesses that the need for potential professionals will never cease to increase. Industries such as construction and engineering, finance, insurance services, information services and technology, healthcare administration, advertising, etc., and that is just the tip of the iceberg.
Some of the booming industries that are in a dire need of project managers are better explained in the below figure:
Salary Prospects in Project Management:
According to a report published in 2020, the project management labour force is expected to increase around 33% by 2027 across eleven countries and industries. Keeping in mind the growing significance of potential project management professionals, it is needless to add that they bloom in salary aspects as well.
In order to seize such great and never-ending opportunities, the right skills are paramount. As the work culture is evolving with digitisation, so must the professionals to bridge the skill gap.
Mastering Project Management:
Many factors must be considered to successfully plan and execute a project from initiation through closing. However, due to the skill gap that businesses are facing today, the demand for skilled professionals is more, but their availability is scarce. Even with formal training offered by traditional courses, the majority of project managers fail to be efficient. Professional knowledge along with a blend of the theoretical and practical aspects of project management is paramount. For this purpose, IIM Indore’s Certificate Programme in Project Management intends to upskill the professionals for career acceleration.
The course endows the professional with an understanding of various tools and techniques to manage the project life cycle efficiently. Moreover, the programme’s extensive curriculum covers advanced concepts like managing stakeholders, cost, quality, integration, schedule, risks, etc., of the project, and identifying and overcoming challenges for agile teams. On the other hand, career escalation is definite with IIM Indore’s prestigious executive education alumni status and certification; and the institute provides the professionals with an opportunity to enhance their networking with campus immersion.
The professionals may upskill themselves with the programme to break the monotonous cycle of their careers and experience sure-fire career growth. Mastering the art of planning and executing projects have numerous benefits in store for professionals. Furthermore, the transition from a team member to an exceptional team leader goes without saying with IIM Indore’s acclaimed certificate programme.
To know more: https://timestsw.com/course/iim-indore-certificate-programme-in-project-management/
We are witnessing rapid growth in project management & its application.
The remarkable expansion of information and communications technologies and huge amount of money in the field is leading to an explosion of interest in distance education in project management that is causing a huge increment in the demand of its educations.
Through project management, you can trace your roots to the down of history with examples such as pyramids, Roman roads, the Great Wall of China, and viaducts, and Greek architecture and many more.
The modern project management has been existing since the 1950s with various examples like space exploration, highways, Polaris project, nuclear power plants, and defense systems.
Since then, the scope of project management is bright as the field is growing faster every year.The new applications in project management like information technology, construction, pharmaceuticals and the effectiveness of project management is creating interest in the students who want to pursue a different career.
Distance project management course such as Post Graduate Diploma (PGD), MBA and certificates programs can boost your career growth as the field is growing and spreading so faster.If you are keen to add versatility in your career, you must opt to pursue project management programs because it will not just strengthen your CV but will help you find great career opportunities as well.
