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Updated on - November 7th 2019 by Piyush Bhartiya

About Project Management

Overview

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.

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.

UG/PG degrees 

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.

MBA in 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.

MSc. in Project Management

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.

Exams required

Normally to study  abroad, the student is needed to produce their IELTS score or TOEFL score. These are language test and are very important if one wishes to study abroad as it checks the language proficiency of the student.  

Course details

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. Depending on the type of software, it is either deployed on site, or distributed for public usage. For example, if I develop IRCTC website, I must take it to IRCTC servers and deploy it there. But in case I develop Android application, I just need to publish it to the Play Store.

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.

Salary details

It can range from $90,000 to $ 500,000 for the managers and it has become one of the hotspot for the graduates.

Top Universities

  • University of Winnipeg
  • University of Adelaide
  • The University of Sydney
  • City University of Seattle

Top Colleges for Project Management 

  • University of Liverpool
  • University of Brussels
  • University of Portsmouth
  • University of Derby Sciences College
  • University of Groningen
  • Shandong Normal University

Course details Level wise

Level

Undergraduate and Postgraduate Degrees

Duration

Undergraduate - 3 to 4 years, Postgraduate - 1 to 2 years

Type

Bachelor of Science or Arts (Undergraduate), Master of Arts or Science (Postgraduate)

Eligibility

  • Bachelor’s Degree (must have completed class 12th with either the CBSE (All-India SSC) or CISCE (ISC) board, minimum IELTS score of 6.5 to 7 is required)
  • Master’s Degree (passed a Bachelor of Science in , IELTS or TOEFL, Recommendation letter and SOPs).

Admission Process

  • Identifying country, universities and the course of your interest
  • Request universities for Application forms
  • Taking various required tests
  • Arranging and preparing Essays and recommendation letters
  • Completing and Sending Application forms along with required documents
  • Reporting various test scores to the universities

Average Salary

Salary ranges from $80,000 to 300,000.

Top Universities Level wise

Students can choose their type of university after studying all the details about it. Currently the most opted country to continue this course are UK, Canada, USA, Australia, etc.

 

Name

Location

Fees

University of Winnipeg

Japan

1st Year Total Fees

Rs 35.63 Lakhs

University of Adelaide

Australia

1st Year Total Fees

Rs 41.37 Lakhs

The University of Sydney

Australia

1st Year Total Fees

Rs 22.44 Lakhs

City University of Seattle

USA

1st Year Total Fees

Rs 48.61 Lakhs

Ludwig Maximilians University 

Germany

1st Year Total Fees

Rs 19.09 Lakhs

 

Requirements & Eligibility Level wise

To study in a top university, the student needs to fulfill some criteria. They should meet all the requirements so as to continue education from their desired college. The table shows some of the important criteria.

Academic Requirements

  • Bachelor’s Degree 
    • Interested students must have completed class 12th with either the CBSE (All-India SSC) or CISCE (ISC) board
    • For CBSE board: CGPA of 9.6 with grade A1 in any subjects relevant to the course applied for
    • For CISCE board: Overall grade of at least 90%, with grades of at least 95% in three subjects (including any relevant to the course applied for) and 85% in the other two subjects.
  • Masters Degree 
    • The student must have passed a Bachelor with a minimum of 50% marks.

Exams

  • English proficiency test score such as IELTS or TOEFL depending on the university.

Work Experience

  • Well most of universities don’t ask for Work experience. But it totally depends on the admission process of the university as masters degree sometime needs work experience.

Others

  • Letter of recommendation
  • State of Purposes

Admission Procedure Level wise

Taking admission to a top university or college can be a tiresome task. It is advised to the students that they should consult a advisor to get admission. Deadlines are one of the most important aspect to take admission as missing these dates can leads to cancellation of the application of the students. 

Entrance exams 

  • Appear for entrance exams such as IELTS or TOEFL to get admission. The student should also seek exams required other that this as according to the need of University.

How To apply 

  • Identifying country, universities and the course of your interest
  • Request universities for Application forms
  • Taking various required tests
  • Arranging and preparing Essays and recommendation letters
  • Completing and Sending Application forms along with required documents
  • Reporting various test scores to the universities

Deadlines

  • For summer start programs (Feb 21, 2019)
  • For fall-start Programs (May 7, 2019)
  • For Spring-start Programs (Sept 7, 2019)

Course & Syllabus Details Level wise

Starting with the undergraduate courses for both the subjects, certain basic courses are available in many universities around the globe but different regions provide specify courses as well. A Master’s degree preferably includes a kind of specialization on the stream chosen during the undergraduate course.

Course

Topics Covered

Why this is Covered

Project management

Project Models, Project Analysis, Project testing, Supervision, Fund management

In order to build a clear concept among the student, so they can get a job or continue to research in their particular field.

Fees, Average Fees etc Level wise

The Average tuition fees for the course is around 30-40 lakh for most of the colleges in USA, UK and Canada. Apart from the tuition fees there are many other type of charges such as accommodation, stationary and many other.

University

Tuition Fees(INR)

Other Expenses(INR)

University of Winnipeg

32 Lakhs

6 Lakhs

University of Adelaide

50 Lakhs

1 Lakhs

The University of Sydney

37 lakhs

5 lakhs

City University of Seattle

19 lakhs

3 lakhs

Ludwig Maximilians University 

35 lakhs

6 lakh

Career Scope       

 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. 

Scope and Employment in Project Management

  • New software packages have been created which aims at replacing project managers, but they have developed as a sidekick 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. 
  • 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, if you can cater to their needs, you are going to have a great future in front of you.

Jobs and Salary Scope 

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. 

Lets’ have a look at average salaries at top positions:

Position

Salary

Testing Supervisor

$80,000

Project Manager

$60,000

Requirement Collector

$90,000

Project Analyst

$100,000

Study Abroad Expert & Co-Founder @ AdmitKard

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing vertical for top MNCs and Indian business houses.