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    Project Management: Facts and Career Path!

    Project Management: Facts and Career Path!

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    Asha Devi N D | Dec 07, 2017 | 126 Views | 0 Comments
    Project Management: Facts and Career Path!

    Know the ABC of The Project Management Professional  

     

    The Project Management Professional [PMP] is one of the important industry-recognized certification meant for project managers. The PMP Certification could be obtained by Project Management Institute [PMI] and is valid throughout the world.

     

    Going through the PMP examination appears to be costly, complicated, and demands a lot of preparation. But, the effort towards acquiring the certification is worth at the end.

     

    Let us look into some of the facts regarding the PMP certification and thus the reason to gain traction in the recent times.

     

    FACT 1:

    The PMP Certification is recognized at the global level without any geographical or the domain constraints.

     

    FACT 2:

    The Project Management Institute is an International accrediting organization and forms the resource for project managers.

     



     

    FACT 3:

    An adequate amount of experience is required to take the PMP exam. [i.e., 36/60 months or 4500/7500 hours of directing project experience without/with associated degree respectively.

     

    This clearly indicates your prior experience upon getting certified.

     

    FACT 4:

    Most of the employers today desire to hire project managers who have the PMP credential and may not hire otherwise.

     

    FACT 5:  

    A plenty of the resources indicate that the salary is hiked up to 20% for the PMP certified candidates as compared to the non-certified ones. And we can always witness an increasing tendency.

     

    FACT 6:

    Being a PMP, you are able to get linked with all the PMPs present in the world.

     

    FACT 7:

    As per the latest statistics, the number of PMP® is 791,448 (Project Management Professional Certification) with reference to data obtained in July.

     

    FACT 8:

    About 15.7 million new project management roles would be created by the end of 2020.

     

    FACT 9:

    The industry is expected to grow by US $ 6.61 trillion in 2020.

     

    FACT 10:

    The PMP exam will change from March 2018. As a result, the exam content will be in consistency with the recently released PMBOK® [September 2017 edition].

     

    Let us move forward, and know how to move through a project management career path.

     

    Project Management Career Path

    We find several organizations work on a project focused way and as a result, the scope for project management is increasing and becoming the career choice for aspiring individuals. The entry-level positions include Project Assistant or the Assistant Project Manager and involves working on projects. Then, gaining more experience and knowledge equips oneself to handle complex projects, programmes, and the portfolio management.  

     

    As a general trend, a graduate who has just stepped out of his University may not immediately land into the job of project manager. It is advantageous to have a proper job before so that one can gain complete knowledge of the project base and get experience as a good team player.

     

    For instance: A developer may begin to manage a team of developers, progress to manage the whole project, and expect a promotion in due course.

     

    Here, the certificate would gain an actually recognized profession in future endeavors.

     

    As a Team player, the candidate is exposed to and learn work as per milestones, deadlines, assess risk, deal with and mitigate it, report the progress, and, so forth. However, this will be an easy transition for the right person with adequate training and support.

     

    Some of the early career roles of a project management career include Project assistant, Project Coordinator, and Project Management Support.

     

    In case, a candidate has the degree or professional qualification for project management, then there is every chance that one may directly move into a supporting role as the Assistant Project Manager.

     

    Further, if it is in a larger organization, the role may simply mean to attend smaller or fewer complex projects yet a challenging one. In this case, the position does not matter, but the learnings matter a lot in the growth curve.

     

    There is every chance that many times the designation may not define as the project manager, but the role is so. An array of job titles includes Project Manager, Implementation Manager, or the Project Leader.

     

    Moving further, after certain years of experience, once taken the role as a senior project manager, there are options for further progress. The designations on the higher level include

     

    • Management consultant

    • Programme manager

    • Portfolio manager

    • Head of projects

    • Director of projects

     

    To continue, let us know in brief about the responsibilities at different hierarchies of a project manager.

     

    Responsibilities of a Project Manager:

     

    The roles of a project manager include establish, monitor, and control the schedule and budget, manage the stakeholders, manage the team, mitigate the risk, manage the change and scope in an efficient manner.

     

    Responsibilities of a Project Manager at Senior Level:

     

    The senior management roles include the responsibilities of a project manager but at a higher level or added complexity. It refers to taking up higher profile projects, larger or long-term projects, complex projects, manage multiple or the larger teams in-house and at different locations as well. And, the role expects to advocate the best practices, deploy a formal approach, and exhibit continuous progress in professional development.

     

    And in due course, they may act as a Project Consultant too.

     

    Responsibilities of a Program Manager:

     

    A successful track record of project deliveries would help one to land as the Programme Manager. The project manager who has the skills to handle multiple and concurrent projects would eventually become a Programme Manager. It calls for a skill set that is above and beyond the business understanding.

     

    Responsibilities of a Portfolio Manager:

     

    It is the higher level of responsibility where the projects and programmes are delivered successfully. Further, it delivers the real business benefits and is one of the most senior levels one may achieve through the project management career path.

     

    In brief, project management is the interesting and challenging role that calls for constant learning. And, one may find himself taking up the role of a Project Director, the other day. Satisfy the career ambitions, gain wealth, power, and still be immersed in the world of projects.

    Tags : PROJECT MANAGEMENT CAREER PATH PLANNING, PROJECT MANAGEMENT PROCESS, PMP CAREER PATH

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