In the business world, creating and completing a successful project is a major problem for any company. If they receive big projects from their clients and are unable to deliver the product on time, they will lose the trust of clients and revenue too.
To make sure that the projects are completed on time, it is necessary to monitor the project status on a continuous basis, while simultaneously handling the project members efficiently. This is the importance of Project Management. In this article, we are going to look at what project management is, what are the various degrees available and what jobs you can land in this field of management.
What is it?
Project Management refers to the planning, organizing and managing the resources allocated for the project to successfully complete its objectives. Though project management becomes very important in the big company, it is safe to say that small companies should also plan adequately for their projects. If you can deliver the client with an on time, quality product, it will greatly boost your company’s score and will attract more clients. I believe I have convinced you enough about the importance of project management. Let us discover the various types of project management techniques you can implement right away.
Degrees offered in the department
To land a job in a good company, you need a degree for the job you aspire for. Here are some of the best courses available for project management.
Every company needs a project manager with leadership and technical skills. Therefore, this course by Colorado Technical University, USA has been designed which helps the leaders of tomorrow integrate theory and practice of project management in their life. The course is designed to teach project planning, analysis, and budget handling skills. At the end of the course, you are supposed to handle a project and use the skills you learned to manage project time, resources and expenditure.
The success of any company depends on their capability to bring quality products on the table in a timely fashion. This is the reason why skilled project managers are such a necessity in recent times. The MSc. In Project Management course at Northeastern University, Boston, USA aims to inculcate the skills that are needed for building a successful project manager. Course spans for 1 year and with accreditation by Commission on Institutes of Higher Education, will develop the required skills quite effectively.
There are even more degree programs available, but all of them are just derivatives of these 2 courses, with little to no modifications in the curriculum. The major difference lies in the universities offering the courses. You have the option to choose from various universities in the world, with similar education quality. In the next section, we explore the top universities for obtaining a project management degree.
The University of Winnipeg, located in Winnipeg, Canada, is a famous and respected university. Although it provides many degrees in various programs like science, technology, arts and business, the project management courses are also offered. Join this university if you want to enjoy the atmosphere of Canada, while simultaneously getting a quality education.
The University of Sydney was the first university in Sydney and is one of the world’s best university. It is evidently true that studying in such a reputed college will cost you a lot, but the scholarship and financial support programs can be availed. But the money you spend will be put to good use and the degree you will get will have so much weight in any company interviews you will appear for.
Australia is a knowledge hotspot and it is proven by the fact that another popular university for project management is located here. University of Adelaide located in South Australia is the third oldest university in Australia. With the university spanning 5 campuses, it provides options for choosing the location which suits you best. And just like the University of Sydney, it is costly but worth the money you spend. You can also apply for financial aid in case of some emergency.
Unlike the universities we have talked about before, the City University of Seattle is a private institution. City University of Seattle, Washington, USA has branches all around the globe. You can choose between the campuses located in Canada, China, Mexico, Slovakia, Vietnam, Switzerland, and the Czech Republic. The courses they offer are fully accredited by regional authorities. With so much to choose from, I believe you can’t possibly go wrong with this one.
Types of Project Management
The beauty of project management lies in the various options you get. For the same project, you can apply different techniques to achieve better quality or faster, on time completion, or both. Here are some of the popular and most used techniques by top companies.
If your project is highly flexible, dynamic, i.e., the requirements change way too often, and it needs speedy developing, then Agile methodology is best suited in your case.
The whole project is broken into small modules, which the developers like to call “sprints”. There is no need to send the whole project at once. Instead, we send only certain modules of the project every week or two. This way, we can easily respond to change in requirements without the need to write the software from scratch. Also, we also conduct a regular client-developer meeting, to correctly record the reviews and future needs. This allows us to develop the projects as specified in the requirements and deliver them in a timely manner.
Waterfall model is probably the simplest and well-known project management technique. Waterfall model consists of following steps:
We also need to provide services after we deploy the software. We need to send regular software updates to fix bugs, add new features and maintain the system, based on customer feedback.
As the name suggests, the adaptive methodology does exactly what the name suggests: it adapts. Here, the cost of the project and time needed to complete it are constant, the scope of the project can be easily adjusted based on new requirements. Companies usually prefer this type of project development, because it gives them the flexibility of altering the requirements, in case some new features are to be added in the future.
RUP is exactly not a software development technique on its own, but it is commonly used an add-on to other techniques. Here, the created software is given to users for testing before it is deployed. It is the responsibility of the users to evaluate and test the application and send reports about its working. This allows for a faster development and expansion of features. New suggestions and discovered bug reporting are always welcomed.
Scrum is considered as an alternative to Agile project management technique. Scrum also consists of “sprints”, but its sprint lasts for 30 days usually. The main objective of these sprints is to plan project subtasks and ensure they are completed on time.
Here, many small teams are created which handle different components of the project. It is the responsibility of the project manager to conduct regular meetings and synchronize the divided tasks. He is responsible for accommodating new features if they need to be added. He also needs to make sure that there are no backlogs, and If there are any, instruct the teams to clear them as soon as possible.
Jobs after Graduation
Studying for Project Management courses don’t open many possibilities for job opportunities. You are limited to the following jobs.
Future Opportunities in Project Management
As more and more companies are created, they are going to need project managers. It is estimated that by 2020, more than 700,000 jobs will be available for project manager positions. New software packages have been created which aims at replacing project managers, but they have developed as a side-kick for managers. They are used to assist the work and help manage the project more efficiently.
In the end, all I can say is that Project Management is an important component for the success of any company. And with the current rise in software demand, it is going to have utmost importance in the future. I believe now is the high time to start these courses. Companies demand skillful people, and if you can cater to their needs, you are going to have a great future in front of you.
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