Businesses must manage multiple operational tasks and ensure that the project is delivered on time. This is where hiring project managers can be useful. They evaluate the performance of the entire team and the final project outcome.
Not all project managers have the necessary training to manage project management tasks. Statistics show that 70% of projects fail for a variety of reasons.
Businesses should check to see if their professionals have the appropriate certifications to evaluate their expertise. This article will explain the benefits of these certifications and why they are important.
What is Project Management?
Project management is the process of developing and pushing a project goal. This training allows business professionals to combine their skills, techniques, tools, knowledge, and knowledge to achieve project goals quickly and within budget.
Each project has different goals so the steps may differ. Business executives will be able to plan the project’s course/workforce requirements, delegate tasks to experts, streamline the process and deliver projects on-time by having a better understanding project management strategies.
What do Project Managers Do?
Project managers are responsible for the quality management and monitoring business projects. Brands hire professionals based on their skillset and knowledge. People with more experience and training in project management are better equipped to handle complex cases and situations.
Project managers are responsible for planning, organizing, and directing the brand’s projects. They also provide support and assistance throughout the project development process. They focus on three things in general. They can see if the team meets project goals, sticks to budget, and completes the project on time.
Your company will experience a higher efficiency rate, great revenue growth, and lower costs with their assistance. Statistics show that 61% of companies offer project management training to employees. This increases productivity potential.
The project managers will notice if the team is following the mandate.
They interact with their team members and listen to them.
They also support team-building initiatives to improve communication within the team, and keep all members engaged.
Project managers communicate directly with key stakeholders. They gather their suggestions/demands, and then show them the task progress during meetings.
They also manage other tasks such as budgeting, project deadline management, and identifying and solving problems.
Brand owners encourage project management aspirants, to get a project management certificate first. This certification is valuable for their development and validation of their expertise.
In 2021, Project Management Certifications to Consider
There are many reliable certification options for project managers that businesses can use to prove their PMI expertise. These are the top-quality options in 2021.
Project Management Professional (PMP).
PMP is a well-known and industry-standard certification type in project management. This course is highly sought-after by product managers worldwide. According to some reports, project managers who have this certification can earn 22% more than their peers.
The PMP certification holders are typically trained in the many methods of project management. This certification is suitable for professionals in any industry.
To apply for the course, applicants must hold a secondary education degree like an associate’s or high school diploma. They must also have 35 hours of project management training or at least 7,500 hours experience leading projects.
The certification is also open to applicants with a fourth year degree. They must have at least 4,500 hours of project-leading experience, and 35 hours of PM Learning.
PMI-PBA: Professional in Business Analysis
To enhance their project management career, applicants can choose to take business analysis (BA), which is a training program that focuses on project management. Statistics show that 47% of projects end in failure due to mismanagement. This certification is valuable for project managers who want to be able to manage and define requirements for stakeholders throughout the project period. They also learn how to manage project outputs and plan for business outcomes.
The exam for PMI-PBA certification takes approximately four hours. The test is typically multiple-choice (MCQ) and contains a total 200 questions. To note, appl