What Is Project Management? Here’s What You Need To Know

What Is Project ManagementIn order to understand what project management is all about, we first need to define what a project is. A project is something that’s temporary and is meant to achieve one goal.

All projects have a pre-defined start and end time, and because of this, it defined in its scope and resources. A project is different from regular business operations in that is set of different operations that are designed to accomplish a goal.

Project management is what holds a project together. A project is really only as good as the team that handles it. More often than not, team is composed of members that usually don’t work together. Sometimes they could even be from different organizations spanning different geographic locations.

Some of the most common examples of a project is the creation of a software to improve a business process, the building of a bridge or a building, relief efforts after a natural disaster. In marketing, a project often has the goal of boosting sales in a specific location.

While project management has always been around, it wasn’t around the middle of the 20th century that it became profession. Project management is actually divided into five different processes: planning, initiating, executing, monitoring and controlling, and closing. These processes draw on the knowledge of ten areas, including: Integration, scope, time, cost, quality, procurement, human resources, communications, risk management, and stakeholder management.

While all management is concerned with all areas, project management wields all of the knowledge in order to achieve the goals according to the schedule set by the company.

As we said earlier, project management is a profession. And if you’re interested in becoming a professional project manager, the first thing you need to do is to get project management certification from the Project Management Professional or PMP. The PMP is the most powerful certification organization of the industry.

PMP certification is recognized in many countries, and with their certification, you can work on practically any project in any industry. It does cost money to get certified but you do get what you pay for. And what you get is higher pay. According to the Project Management Salary Survey, PMP certification holders enjoy a 17% higher pay than those who don’t.

But it’s not just the PMP certification holders that benefit. By bringing PMP-certified people onboard to complete their projects, companies are assured that most of their projects can be completed on time to meet original goals. Most of all, they are assured that the implementation of a project falls within budget.

Do you need to be a college graduate in order to be certified? No, if you have a high school diploma, have 35,000 hours experience leading and directing projects, and have 35 hours of project management education, you can apply for PMP certification. If you have a college degree, you can get certified even if you only have 4,500 hours experience in project management and 35 hours of project management education.

More information about project management here.