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Project Manager - An Ultimate Guide

Project management is a fast-paced and profitable career path. This explains the reason younger people are choosing project management as their first career. Businesses are realizing the importance of project management. Companies that are committed to Project management practices waste 28x less money because more of their strategic moves are carried out successfully. Also, 97% of organizations believe that project management is critical to business performance and organizational success. Hence, the reason more companies are hiring Project Managers.  According to PMI, 15.7 million project management roles will be created through 2020.Are you aspiring to be a Project Manager, but don’t know where to start? Are you a Project Manager that is looking for how to take the career to the next level? Whatever your level, this extensive guide will show you the right way to become a Project Manager.Table of Content 1.0 What is a Project Manager?    1.1 What does a Project Manager do?    1.2 Direct responsibility of the Project Manager2.0 Why do you want to be a Project Manager?3.0 How to become a Project Manager    3.1 How to become a certified Project Manager4.0 How much does a Project Manager make?5.0  Types of Project Manager       5.1.1 Construction Project Manager       5.1.2 How to become a construction Project Manager       5.1.3 What does a construction Project Manager do?       5.1.4 How much does a construction Project Manager make?5.2 IT Project Managers       5.2.1 How to become an IT Project Manager       5.2.2 What does an IT Project Manager do?5.3 Technical Project Manager    5.3.1 What does a technical Project Manager do?    5.3.2 How much does a technical Project Manager make?5.4 Digital Project Manager:    5.4.1 How to become a digital Project Manager    5.4.2 What does a digital Project Manager do?6.0 How to become a good Project Manager    6.1 What is the difference between the Project Manager and program manager?    6.2 How to be a successful Project Manager7.0 How to get a Project Manager jobConclusion1.0 Who is a Project Manager?A Project Manager is anybody who is responsible for leading a project through all its phases from conceptualization to closure. According to the Project Management Institute (PMI), the 5 phases in the life cycle of project management are - project initiation/conception, project planning, project execution, project monitoring, and project closure. The design of each phase is such that it meets the particular project's needs.Project Managers exist in every organization. They are the essential change agents, perform greatly under pressure, and are comfortable with the complex nature of dynamic environments. Project Managers are highly motivated and effective leaders, great communicators, excellent time managers, good organizers, reliable, and trustworthy. They are responsible for the whole scope of the project, resources, team, and the success or failure of the project lies on their shoulders. The following statistics show the importance of Project Managers.Companies that are committed to Project management practices waste 28x less money because more of their strategic moves are carried out successfully.80% of “high-performing” projects are directed by a certified Project Manager65% of organizations have a high alignment to strategic goals.83% of executive leaders report that their organizations continue to fully understand the value of project management.The upsides of having certified Project Managers came to light much later, after the organizations realized that they were wasting 9.9% of every dollar due to poor project performance. The main reason behind such project catastrophes was the stark shortage of project management skills. Henceforth, the demand for a go-to resource bundle for project management professionals (PMP®) grew steadily. To understand how such courseware helped the project management professionals to spread across various industries, you can access every detail here in the PMP® Certification Course page.1.1 What does a Project Manager do? Although the Project Managers rarely take part in the direct actions that produce the project's objectives, they occupy an oversight position of managing the human and material resources of a project. This helps in building a healthy communication and trust among the team members and strives to ensure good practices for the success of the project.A Project Manager works on well-defined projects, which are based on fixed schedules, timelines, and budget.1.2 Direct responsibility of the Project ManagerProject planning: This is where the Project Manager plans and defines the project and its objectives, develop a detailed work plan with attention to any possible risks and determines the responsibility of each team member with defined timelines. Project management: Here, the Project Manager strives to have all works executed to the correct standards within the acceptable timeline, while sticking to the approved budget. The motivation of team members is essential here for optimum commitment,  and the Project Manager ensures that there is proper coordination among work done by different teams/groups for the elimination of all obstacles to productivity.Delivery and closure: The Project Manager has the responsibility of maintaining the project budget through to closure. He/she ensures that the Stakeholders receive project status in addition to delivering their expectations. Moreover, the Project Manager aligns the project to business goals and hands over a project that is on schedule and has delivered on all expected outcomes.  2.0 Why do you want to be a Project Manager?Certain needs and/or skills drive the desire to be a Project Manager. You would want to be a Project Manager if you already possess or willing to develop certain traits/skills such as great interpersonal relationship, organizational ability, open to keep learning/improving, etc. If you prefer to have not just a job, but also a career that is challenging, rewarding, and has job security, a career in project management may just be what you want. Demand: There is a great demand for project management in different organizations because of the risks associated with the ever-changing business environment. Businesses are rapidly expanding and positioning themselves for the future, and these create a huge demand for Project Managers to keep everything under control. Salary: Project management salaries are highly competitive because of the multitasking nature of each project - where the Project Manager needs to manage a team, handle clients, and ensure that everything is running on a budget. The average annual salary of a Project Manager in the United States is $131,822 US Dollars as of September 28, 2018 (Salary.com). With the steady year-to-year increase in the demand for Project Managers, salaries of PM roles increase correspondingly, offering more attraction for you to want to be a Project Manager.Teamwork: If you are naturally a people person, good at working with teams, and have great communication skills, you may want to pursue a career in project management. The ability to manage human relationships effectively is necessary for the success of any project. Each project has many moving parts and a Project Manager is essential to keep everything working towards the project's objectives.Industry: Although many Project Managers can fit into many industries, only professionals handle projects in specialized industries such as construction or IT.  Therefore, if you are a professional in any of these specialized sectors, and want to build your career in it, you can be a Project Manager and still be in your career path. Management and Leadership: Are you the type of person that naturally finds yourself in leadership and management roles in a group? These are great skills, and project management can help you develop them more because you will have the responsibility to drive and motivate team members for optimum performance. Responsibility: Do you crave responsibility? Are you comfortable taking ownership of any assignment given to you? Do you enjoy the pressures that often come with deadlines and timelines? Then you would succeed as a Project Manager. CEO Position: The exposure and demands of both a CEO and a Project Manager are much similar. They set objectives and communicate expectations to team members. They both manage people, use leadership skills to produce results, and have a clear focus on financial goals. Therefore, a Project Manager position can be a preparation towards becoming a CEO in the future. 3.0 How to become a Project ManagerEducation: You need a minimum of a bachelor's degree in business management. A bachelor's degree in other specialized areas such as computer science or engineering  (depending on the type of Project Manager you wish to be), will also be sufficient. Experience: With the necessary education qualification, you then need to gain some feel in an environment that exposes you to what project management is all about. Get involved in any organization/club/group that aligns with your project management career goals. For instance, if your desire is to be a construction Project Manager, you can take up an internship in a construction company. You would be amazed at the quality of project management skills you can acquire from this.Personal skills: While acquiring some project management skills and techniques, you need to develop the right human relationship skills to succeed as a Project Manager. People make up projects. Without understanding, training, and communicating effectively with the project team, it will be impossible to be successful as a Project Manager. It is also important you have a mentor at this stage. This should be an expert in your career path. Tools of the trade: Riding on only the knowledge of soft skills in project management such as processes, techniques, etc., may not be enough to make you the complete Project Manager you aspire to be. Organizations tend to complete projects on time, within budget, and with better quality when incorporating project management software. Budgeting, scheduling, risk management, contract management etc., are all essential skills a Project Manager needs to acquire. Do not neglect them.  Certification: The project management industry is highly competitive and certification may be the key to get ahead in your career and land bigger contracts. In addition, if the company implements some type of project management framework, then you need certification that is in line with such a framework. The point is to determine your career path and expectations, decide if a project management certification will help you achieve them, then get the appropriate certification.  An end-to-end training on project management techniques serves a complete package if you want to take your project management career a few notches higher. 3.1 How to become a certified Project ManagerGetting a certification in Project Management Professional (PMP®) can be difficult, but the rewards are great. Follow the steps below to become a certified Project Manager. Eligibility: The Project Management Institute (PMI) stipulates that to be eligible for the PMP certification you must possess the followings:   (i) A four-year degree and 4500 hours of leading and directing projects or a secondary degree (high school diploma, associate’s degree or the equivalent) and 7500 hours of leading and directing projects.   (ii) 35 contact hours of project management education.Membership: Once you are certain of your eligibility, register as a paid member of PMI. This is not compulsory but recommended because it qualifies you for discounts on a variety of purchases including exam fee. You also get a free downloadable current edition of PMBOK®Guide (Project Management Book of Knowledge), which helps you prepare for the exam.  Application: Apply for the exam on the PMI website by filling the online application form. Then pay the examination fee ($405 for members and $555 for non-members).Exam schedule: At the approval of your application, you will get the PMI eligibility ID.  Choose an exam date that will give you enough time to study. A minimum of 3 Months is ideal. Also, choose a test location suitable for you. Prepare: You need to study and understand everything in the PMBOK® Guide to stand any chance of passing the CAPM® or PMP® exams. You can either take paid preparatory classes that will equip you with exam-focused tips, or study the materials on your own.Exam: You will appear in person for the exam which is a 4-hour test that consists of 200 multiple-choice questions. You need to pass 175 questions out of the 200 multiple-choice questions in the PMP exam. At the end of the exam, you will take a short survey, after which you will have access to your result.Result: Pass or fail, you will know immediately after the short survey. If you passed, you will see your name in the PMI's certification registry in less than a day. Your certificate will come in the mail within a month. You are now a certified Project Manager. 4.0 How much does a Project Manager make?According to Salary.com, the annual average salary for a Project Manager in the United States as of September 28, 2018, is $131,822 US Dollars. However, because of certain variables such as education, a number of years of work experience, level of certification, additional skills etc., salary ranges from $117,345 to $147,570 US Dollars. Apart from the salary, Project Managers in the U.S. can also earn compensations that include bonuses, retirement, and healthcare benefits, up to an average total of $139,926, with the range falling between $122,589 and $160,280 US Dollars.Below are the Average salaries of a PMP in different countries of the world, According to the survey released by the Project Management Institute based on survey collected from 26,000 project management professionals in 34 countries.Annualized salary (in USD) by CountryMedian Salary Exchange rateSwitzerland$130,000Australia$108,546United States$108,200United Kingdom$92,221New Zealand$90,442Netherlands$89,482Belgium$88,364Germany$87,245Qatar$82,314United Arab Emirates$81,6635.0  Types of Project Manager5.1.1 Construction Project ManagerA construction Project Manager is a Project Manager who works in the construction industry. Fundamentally, a construction Project Manager takes charge of the planning, coordination, and execution of any construction project. The project could be civil, residential, commercial, agricultural, industrial, environmental, or institutional. This field consists of complex tasks and needs a Project Manager with great knowledge of construction processes, problem-solving skills, and strong communication skills. Due to the complex nature of the construction industry, a construction Project Manager should have knowledge of different areas which are associated with the construction industry, such as law, finance, mediation, etc. 5.1.2 How to become a construction Project ManagerEducation: Having a minimum of a bachelor's degree seems to be the natural way to go. This could be a degree in building science, engineering, or construction science. Whatever degree path you choose, it is important that your coursework includes classes in construction methods and materials, building standards and codes, project management and control, and any other similar classes. These courses will build the foundation for you to become a Project Manager in construction.Work experience: During or after you have gotten your degree, you should find opportunities that offer on-the-job training for those without construction work experience. Some organizations employ Project Manager assistants. These assistant roles are often very practical and hands-on. The Project Manager concentrates on the big picture while leaving most of the project implementation responsibilities for the assistants. If you do not have any type of degree, then work experience is very important. With lots of experience and years spent in the construction industry, you can easily get selected as an Assistant Project Manager even without having any educational background in the respective field.Certification: Although many companies may not demand that you have a  certification as a prerequisite for giving you a job, a certification can give you a better advantage over other candidates that do not have any certification in construction project management. The Construction Management Association of America (CMAA) and the American Institute of Contractors (AIC) are some bodies that offer certification courses in construction project management. The AIC issues the Certified Professional Constructor and the Associate Constructor certificates while the CMAA offers a course in Certified Construction Manager.Soft skills: Construction projects have many moving parts. These include people,  tools, finance, weather, machines, time etc., and a Project Manager must have certain skills to be able to keep all these parts running smoothly. You need to develop effective communication and time management skills in order to become a Construction Project Manager. The management of human relations is a complex one and the success or failure of any project depends largely on how motivated and committed a team is. As a Project Manager, you need to be a problem solver and able to quickly adapt to change. For instance, the weather is a huge factor in construction because it is beyond human control. When the challenges of poor weather come up, a Project Manager needs to improvise in order to complete the project on time. 5.1.3 What does a construction Project Manager do?Construction Project Managers are also known as general contractors or simply, Project Managers. Their duties will largely depend on the type and scope of projects. Big projects will often have several Project Managers where each Project Manager will handle a specific part of the project. For instance, in some large building projects, there could be a Project Manager in charge of all electrical works, while another Project Manager handles all HVAC responsibilities. These different Project Managers will be under the supervision of one Project Manager. However, generally, a construction Project Manager will have the following roles:Preparation of budgets, timelines, and cost estimatesDetermination of the relevant construction techniques and methods to useClearly communicate technical and contract details to the teamPromptly communicate budget issues and project progress to clientsSelect and hire laborers and subcontractorsSupervise on-site activities and personnelRespond and provide solutions to emergencies, problems, and challengesCollaborate with engineers, architects, and other building and construction expertsAdhere to legal provisions, safety and building codes, and other building regulations5.1.4 How much does a construction Project Manager make?Factors that determine the salary of a construction Project Manager include education, level of experience, location, the scope of projects, certification, etc. In the United States, the average annual salary for a construction Project Manager as at September 28, 2018, is $101,022 and depending on the factors stated above, this could be as high as $113,839 and as low as $88,049 (Salary.com).Below are the salaries of construction managers in different parts of the world.Construction Manager (Country)Average salary per yearUnited States$101,022United Kingdom£41,740CanadaC$77,632AustraliaAus$98,673IndiaRs 966,397United Arab EmiratesAED 312,397ChinaCNY 744,000Source: Payscale & Glassdoor (October 2018)5.2 IT Project ManagersAn Information Technology (IT) Project Manager is an expert that has the duty of managing all the processes of planning, delegation, and execution responsibilities, in fulfillment of an organization's IT goals and objectives. The IT Project Manager has a firm knowledge about the objectives of the business with respect to specific demands and allocates resources in with respect to these goals. Some IT projects are; data management, hardware installation, software development and implementation, system upgrades etc.   5.2.1 How to become an IT Project Manager Education: Most employers demand that their IT Project Managers have a  minimum of a bachelor's degree in fields such as information technology, computer science etc. A master's degree will be an advantage.Experience: Most information and computer system managers have many years of work experience in information technology. If you have experience in managing any project or supervising people in an IT department, you are already on your way to fit into an IT Project Manager role. Skills: To be an IT Project Manager, it is important to acquire relevant skills such as human management, critical thinking, strong communication, time management, decision making, system analysis, use of relevant software (project management/  enterprise resource planning/query/database user interface), leadership skills, etc.Certification: A certification in an IT area relevant to your career path would distinguish you from others. You will have a deeper understanding of your specialization by being current with the latest techniques, technology, and trends in the field.5.2.2 What does an IT Project Manager do?Fast changes occur in the IT industry, and this creates the need for constant improvements and upgrades in systems and technology. The IT Project Manager has the role to supervise a team of IT experts and manage the budgets and timelines of an IT project to ensure smooth execution. These roles include:Ensures communication is effective among all stakeholder throughout the projectMonitor project milestones and modify project plans to meet business needsAssign and delegate duties to team members according to skill setsEnsures that everybody understands the project deliverablesCreate good working relationships among all key stakeholdersEffectively manages budgets and timelines5.2.3How much does an IT Project Manager make?The salary/total pay of an IT Project Manager will always depend on certain variables such as the number of years of experience, education/certification level, location, and additional skills.  In the United States, annual average salaries in this field are $81,697 (IT Project Manager I), $101,961 (IT Project Manager II), and $120,098 (IT Project Manager III) as at September 28, 2018. However, the range falls between $71,897 and $131,846 US Dollars (Salary.com).Below is a table showing average salaries of IT Project Managers across the world.Construction Manager (Country)Average salary per yearUnited States$101,022United Kingdom£41,740CanadaC$77,632AustraliaAus$98,673IndiaRs 966,397United Arab EmiratesAED 312,397ChinaCNY 744,000Source: Payscale & Glassdoor (October 2018)5.3 Technical Project ManagerA technical Project Manager is anyone that oversees and manages the development and delivery of an IT or technology initiative. Technical Project Managers manage either a wholly technical project or the technical side of a project. They are professionals that grew from technical backgrounds, can solve technical issues, evaluate technical risks, and accurately estimate project timelines based on their many years of technical experience. In essence, technical Project Managers come with the combined wealth of organizational skill and technical experience. 5.3.1 How to become a technical Project ManagerEducation: To become a technical Project Manager, you need to have a minimum of a   bachelor's degree in computer science, engineering or other related fields.Experience: You need adequate direct work experience (differs across companies) in a project management role, which has given you sufficient opportunities in process creation and execution.Skill set: To become a technical Project Manager, you need to have strong organizational skills, prioritizing skills, and excellent time management skill. Project management generally is fast-paced with an ever-changing project environment;  therefore, you need to be able to work under the pressure of deadlines. A can-do attitude is compulsory, as well as effective communication.Certification: A specialized certification in technical project management will widen the skills, knowledge, and experiences you have acquired as a working professional, and help you transit faster into a managerial role.5.3.2 What does a technical Project Manager do?The core reason of choosing technical Project Manager for a project is to have someone that can evaluate the project, resources, schedule, and control, through a more technical perspective than the conventional Project Manager can. Responsibilities of a technical Project Manager include:Manage projects with total oversight, in line with budget, scope, and timeline, to ensure project success.Develop detailed project plans that combine a client's requirements with the organization's goals.Coordinate and motivate different technical teams from project conception to completion. Constantly track project progress and create scheduled reports on quantifiable indices such as deliverables and milestones. Evaluate changes in project plans and discuss with stakeholders in order to adopt the beneficial ones.Supervises the acquisition of materials and resources needed for projects and negotiates prices with vendors and suppliers. 5.3.3 How much does a technical Project Manager make?In the U.S., the annual average salary for a technical Project Manager as of October 05, 2018 is $109,071 US Dollars. Average additional compensation is $9,721. Factors that determine the total pay for a technical Project Manager are location, experience, employer, skills/qualifications, etc. These factors cause the annual average to range from $83,000 to $144,000 US Dollars and the annual average compensation from $2,304 to $23,084 US Dollars (GlassDoor.com).Below are the salaries of construction managers in different parts of the world.Technical Project Manager (Country)Average salary per yearUnited States$83,000United Kingdom£40,659CanadaC$81,210AustraliaAus$99,392IndiaRs 1,433,957United Arab EmiratesAED 267,401China¥300,000Source: Payscale & Glassdoor (October 2018)5.4 Digital Project Manager: A digital Project Manager is someone that has the responsibility of fine-tuning the processes involved in the management of online projects from conceptualization to closure, within budget, and using a specific amount of resources. Examples of digital projects are social media, games, advertising, videos, mobile apps, search engine optimization, events, websites, content development, etc.5.4.1 How to become a digital Project ManagerThere is no straightforward route to becoming a digital Project Manager. You will see no specific university degrees or courses that will teach you digital project management, and you cannot assume a role here without any previous experience. Nevertheless, as a guide, the path to becoming a digital Project Manager can be broken down into a few steps as follows:Skill building: One of the most certain ways you can advance your career is by developing skills highly sought after by companies you admire. Search for these companies to see if any of them has an open or recently closed vacancy for a manager. You can as well search on job boards. Once you find any suitable company, make a list of all the skills, certifications, etc. they demand as requirements for the position and improve yourself by acquiring same skill set. Shadowing: The best way to get anything done is by following those that have successfully done those same things. LinkedIn is a great place to search out professionals in various industries. Search for Project Managers in companies you admire and check what they have listed in their career path/timeline. Look at their educational background, skills they possess, and jobs they handled before becoming Project Managers. You would often notice that these Project Managers have already specialized in one core digital areas or the other (development, design etc.) before climbing up the managerial ladder. You stand a better chance of becoming a digital Project Manager if you first learn and specialize in one of the core digital areas. Certification: A project management certification alone is not the key to getting a  project management job. It only makes it easier when it comes down to an employer having to make a choice between two qualified candidates where the one with certification has better chances of securing the job. Apart from getting a certification that is relevant to your industry needs and career path, a management degree such an MBA will also give you good chances of getting a digital project management job. Responsibilities: It is a prerequisite for a digital Project Manager to be an expert in your core digital specialization. Depending on your present company, and your desire to take on more responsibilities, this can take anywhere from a few months to years. If you show willingness in assisting your Project Manager, and you are proficient when taking on project management focused roles, your boss will naturally give you more work to do. More work means more experience, and more experience means a quicker climb into a full Project Manager role.5.4.2 What does a digital Project Manager do?The digital Project Manager has the role of making sure that all the required deliverables for a project are properly completed and handed over within the project timeline and on budget. Digital Project Managers ensure that all the different parts of the project are streamlined and running smoothly. These roles include - assigning duties and deadlines, clearing obstacles, defining and managing the scope of the project, developing and communicating the project plan/timeline/budget, monitoring and evaluation of project progress/success, etc. 5.4.3 How much does a digital Project Manager make?The salary of a digital Project Manager varies and is dependent on factors that include experience, location, and the level of responsibility the digital Project Manager handles. Salaries in the United States come at an annual average of $90,337 US Dollars as of October 04, 2018 and ranges from $59,000 to $134,000 US Dollars. The average compensation ranges from $1,703 to $22,564 US Dollars (GlassDoor.com).Below are the salaries of construction managers in different parts of the world.Digital Project Manager (Country)Average salary per yearUnited States$90,337United Kingdom£33,673CanadaC$58,429AustraliaAus $115,000India₹420502United Arab EmiratesAED 208,425ChinaCNY 285,766Source: Payscale & Glassdoor (October 2018) 6.0 How to become a good Project ManagerIn the professional environment of today, Project Managers are required to multi-task, switching promptly between the daily duties of managing a team to not losing sight of the big picture. The environment is high-pressured and needs great skills and dedication to be successful.Build positive relationships: Create the right attitude and interaction among all parties to the project. This establishes effortless communication and understanding.The big picture: Focus on the big picture but do not neglect the details. The ability to see both perspectives is a skill that makes you a good Project Manager.Lead: You can neither be everywhere nor do everything. Provide enough guidance for your team and do not micromanage them. Trust makes the workspace runs smoothly.Be firm: Projects veer off course when people start focusing on themselves and neglecting common goals. This creates friction and lack of respect and cooperation. Setting some ground rules from the onset with clear consequences will limit disruptions.Influence: Identify each team member's strength and influence each person to give their best irrespective of conflicts, personal opinions, and challenges. 6.1 What is the difference between the Project Manager and Program Manager?Project Managers and program managers use similar techniques and tools, but they have different roles because of their different job descriptions. While a Project Manager is in charge of the team responsible for executing the project and producing expected results, program managers have a broader role. Program managers manage several projects, and sometimes, several programs. The key roles that differentiate the Project Manager from the program manager are:a) Program manager: Manages several projectsManages several project teams that sometimes may include the Project ManagersEnsures successful program deliverablesb) Project Manager:Manages a particular project with the associated schedule, scope, and resourcesCoordinates and manages the project's team's activitiesEnsures project deliverables are successful, timely, and within budget 6.2 How to be a successful Project ManagerIn the highly competitive project management industry, simply being a good Project Manager may not set you apart from the rest. In order to take your career to the next level, you must transit to being a successful Project Manager, whose approach has some uniqueness and produces amazing results.Get involved: To be successful, you need to be wholly involved, especially in team building. A study, understand and know how to get the best out of your team. Know each team member's skill and the way to utilize it effectively. Be informed. Be agile. Be flexible. Change is inevitable. Have a firm grasp of the project and know when and how to adapt to any sudden change that occurs.Be proactive: A successful Project Manager knows that unexpected curves do appear along the project management track. As long as you have the big picture in focus, anticipate these curves in your planning and scheduling, and be ready to provide real-time solutions. Successful Project Managers create alternatives.Bargaining power: You may never have everybody agree with you all the time.  However, if you have great bargaining skills, can negotiate and collaborate effectively with all stakeholders to achieve your organization's objectives, you are already on your way to being a successful Project Manager. Time, Budget, and Quality: Projects are successful when completed on time, within budget, and with high-quality deliverables. A successful Project Manager will make the team aware of these three essential factors to a project's success.7.0 How to get a Project Manager jobA Project Manager's role is very demanding. It needs someone that is flexible with strong leadership skills. The role spans across several industries such as construction, IT, human resources, etc. You will need to plan, organize, delegate, budget, and document all aspects of a new project. This profession is also highly rewarding. To get a Project Manager job, the following steps will guide you.Employer requirements: Research the qualities employers desire in a Project Manager. Some favorite important traits common among employers include strong leadership, effective communication, integrity, initiative, and foresight.Evaluation: Assess yourself and your experiences. Compare your skills with those required by employers, determine where they overlap, and where there are gaps. Deepen and reinforce all current skills that are project management focused and improve to fill the gaps identified. Get qualified: It is becoming very difficult finding entry-level roles in project management. Having some sort of degree qualification, which can be different from one industry to another, is often the first essential step to securing a job. Even without a degree, there are now many online platforms where you can get project management courses without going through a university.Keep improving: The career path in project management is far-reaching. Whether you are looking to secure your first job in project management or aspiring towards higher roles in your career, you can succeed as long as you have a positive attitude and stay motivated. Keep updated on the trend within your industry, and regularly add to your skills, qualifications, and knowledge accordingly. If you are an Agile professional looking to make it big as a Project Manager as well, being the best fit for a project management job can be challenging. Industry experts, however, recommend an exhaustive Agile PMP® Training Program to make you industry-fit and enhance your earning potential. ConclusionThe demand by companies for accomplished Project Managers that are technical savvy, and with great leadership skills is on the increase. The business environment is constantly changing and becoming more complex by the day. The need for a leader that can hold it all together, yet produce fantastic results has become a major priority of business owners. Therefore, any Project Manager with the necessary training, in addition to relevant core soft skills can stand out in his or her chosen field, achieve great results, and attain unimaginable heights.  

Project Manager - An Ultimate Guide

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Project Manager - An Ultimate Guide

Project management is a fast-paced and profitable career path. This explains the reason younger people are choosing project management as their first career. 

Businesses are realizing the importance of project management. Companies that are committed to Project management practices waste 28x less money because more of their strategic moves are carried out successfully. Also, 97% of organizations believe that project management is critical to business performance and organizational success. Hence, the reason more companies are hiring Project Managers.  According to PMI, 15.7 million project management roles will be created through 2020.

Are you aspiring to be a Project Manager, but don’t know where to start? Are you a Project Manager that is looking for how to take the career to the next level? Whatever your level, this extensive guide will show you the right way to become a Project Manager.

Table of Content 

1.0 What is a Project Manager?

    1.1 What does a Project Manager do?

    1.2 Direct responsibility of the Project Manager

2.0 Why do you want to be a Project Manager?

3.0 How to become a Project Manager

    3.1 How to become a certified Project Manager

4.0 How much does a Project Manager make?

5.0  Types of Project Manager

       5.1.1 Construction Project Manager

       5.1.2 How to become a construction Project Manager

       5.1.3 What does a construction Project Manager do?

       5.1.4 How much does a construction Project Manager make?

5.2 IT Project Managers

       5.2.1 How to become an IT Project Manager

       5.2.2 What does an IT Project Manager do?

5.3 Technical Project Manager

    5.3.1 What does a technical Project Manager do?

    5.3.2 How much does a technical Project Manager make?

5.4 Digital Project Manager:

    5.4.1 How to become a digital Project Manager

    5.4.2 What does a digital Project Manager do?

6.0 How to become a good Project Manager

    6.1 What is the difference between the Project Manager and program manager?

    6.2 How to be a successful Project Manager

7.0 How to get a Project Manager job

Conclusion

1.0 Who is a Project Manager?

A Project Manager is anybody who is responsible for leading a project through all its phases from conceptualization to closure. According to the Project Management Institute (PMI), the 5 phases in the life cycle of project management are - project initiation/conception, project planning, project execution, project monitoring, and project closure. The design of each phase is such that it meets the particular project's needs.

Project Managers exist in every organization. They are the essential change agents, perform greatly under pressure, and are comfortable with the complex nature of dynamic environments. Project Managers are highly motivated and effective leaders, great communicators, excellent time managers, good organizers, reliable, and trustworthy. They are responsible for the whole scope of the project, resources, team, and the success or failure of the project lies on their shoulders. 

The following statistics show the importance of Project Managers.

  • Companies that are committed to Project management practices waste 28x less money because more of their strategic moves are carried out successfully.
  • 80% of “high-performing” projects are directed by a certified Project Manager
  • 65% of organizations have a high alignment to strategic goals.
  • 83% of executive leaders report that their organizations continue to fully understand the value of project management.

The upsides of having certified Project Managers came to light much later, after the organizations realized that they were wasting 9.9% of every dollar due to poor project performance. The main reason behind such project catastrophes was the stark shortage of project management skills. 

Henceforth, the demand for a go-to resource bundle for project management professionals (PMP®) grew steadily. To understand how such courseware helped the project management professionals to spread across various industries, you can access every detail here in the PMP® Certification Course page.

1.1 What does a Project Manager do?

 Although the Project Managers rarely take part in the direct actions that produce the project's objectives, they occupy an oversight position of managing the human and material resources of a project. This helps in building a healthy communication and trust among the team members and strives to ensure good practices for the success of the project.

A Project Manager works on well-defined projects, which are based on fixed schedules, timelines, and budget.

1.2 Direct responsibility of the Project Manager

Duties of Project Manager

  1. Project planning: This is where the Project Manager plans and defines the project and its objectives, develop a detailed work plan with attention to any possible risks and determines the responsibility of each team member with defined timelines. 
  2. Project management: Here, the Project Manager strives to have all works executed to the correct standards within the acceptable timeline, while sticking to the approved budget. The motivation of team members is essential here for optimum commitment,  and the Project Manager ensures that there is proper coordination among work done by different teams/groups for the elimination of all obstacles to productivity.
  3. Delivery and closure: The Project Manager has the responsibility of maintaining the project budget through to closure. He/she ensures that the Stakeholders receive project status in addition to delivering their expectations. Moreover, the Project Manager aligns the project to business goals and hands over a project that is on schedule and has delivered on all expected outcomes.  

2.0 Why do you want to be a Project Manager?

Reasons to become a Project Manager

Certain needs and/or skills drive the desire to be a Project Manager. You would want to be a Project Manager if you already possess or willing to develop certain traits/skills such as great interpersonal relationship, organizational ability, open to keep learning/improving, etc. If you prefer to have not just a job, but also a career that is challenging, rewarding, and has job security, a career in project management may just be what you want. 

  1. Demand: There is a great demand for project management in different organizations because of the risks associated with the ever-changing business environment. Businesses are rapidly expanding and positioning themselves for the future, and these create a huge demand for Project Managers to keep everything under control. 
  2. Salary: Project management salaries are highly competitive because of the multitasking nature of each project - where the Project Manager needs to manage a team, handle clients, and ensure that everything is running on a budget. The average annual salary of a Project Manager in the United States is $131,822 US Dollars as of September 28, 2018 (Salary.com). With the steady year-to-year increase in the demand for Project Managers, salaries of PM roles increase correspondingly, offering more attraction for you to want to be a Project Manager.
  3. Teamwork: If you are naturally a people person, good at working with teams, and have great communication skills, you may want to pursue a career in project management. The ability to manage human relationships effectively is necessary for the success of any project. Each project has many moving parts and a Project Manager is essential to keep everything working towards the project's objectives.
  4. Industry: Although many Project Managers can fit into many industries, only professionals handle projects in specialized industries such as construction or IT.  Therefore, if you are a professional in any of these specialized sectors, and want to build your career in it, you can be a Project Manager and still be in your career path. 
  5. Management and Leadership: Are you the type of person that naturally finds yourself in leadership and management roles in a group? These are great skills, and project management can help you develop them more because you will have the responsibility to drive and motivate team members for optimum performance. 
  6. Responsibility: Do you crave responsibility? Are you comfortable taking ownership of any assignment given to you? Do you enjoy the pressures that often come with deadlines and timelines? Then you would succeed as a Project Manager. 
  7. CEO Position: The exposure and demands of both a CEO and a Project Manager are much similar. They set objectives and communicate expectations to team members. They both manage people, use leadership skills to produce results, and have a clear focus on financial goals. Therefore, a Project Manager position can be a preparation towards becoming a CEO in the future. 

3.0 How to become a Project Manager

  1. Education: You need a minimum of a bachelor's degree in business management. A bachelor's degree in other specialized areas such as computer science or engineering  (depending on the type of Project Manager you wish to be), will also be sufficient. 
  2. Experience: With the necessary education qualification, you then need to gain some feel in an environment that exposes you to what project management is all about. Get involved in any organization/club/group that aligns with your project management career goals. For instance, if your desire is to be a construction Project Manager, you can take up an internship in a construction company. You would be amazed at the quality of project management skills you can acquire from this.
  3. Personal skills: While acquiring some project management skills and techniques, you need to develop the right human relationship skills to succeed as a Project Manager. People make up projects. Without understanding, training, and communicating effectively with the project team, it will be impossible to be successful as a Project Manager. It is also important you have a mentor at this stage. This should be an expert in your career path. 
  4. Tools of the trade: Riding on only the knowledge of soft skills in project management such as processes, techniques, etc., may not be enough to make you the complete Project Manager you aspire to be. Organizations tend to complete projects on time, within budget, and with better quality when incorporating project management software. Budgeting, scheduling, risk management, contract management etc., are all essential skills a Project Manager needs to acquire. Do not neglect them.  
  5. Certification: The project management industry is highly competitive and certification may be the key to get ahead in your career and land bigger contracts. In addition, if the company implements some type of project management framework, then you need certification that is in line with such a framework. The point is to determine your career path and expectations, decide if a project management certification will help you achieve them, then get the appropriate certification.  

An end-to-end training on project management techniques serves a complete package if you want to take your project management career a few notches higher. 

3.1 How to become a certified Project Manager

Getting a certification in Project Management Professional (PMP®) can be difficult, but the rewards are great. Follow the steps below to become a certified Project Manager.

  1.  Eligibility: The Project Management Institute (PMI) stipulates that to be eligible for the PMP certification you must possess the followings:
       (i) A four-year degree and 4500 hours of leading and directing projects or a secondary degree (high school diploma, associate’s degree or the equivalent) and 7500 hours of leading and directing projects.
       (ii) 35 contact hours of project management education.
  2. Membership: Once you are certain of your eligibility, register as a paid member of PMI. This is not compulsory but recommended because it qualifies you for discounts on a variety of purchases including exam fee. You also get a free downloadable current edition of PMBOK®Guide (Project Management Book of Knowledge), which helps you prepare for the exam.  
  3. Application: Apply for the exam on the PMI website by filling the online application form. Then pay the examination fee ($405 for members and $555 for non-members).
  4. Exam schedule: At the approval of your application, you will get the PMI eligibility ID.  Choose an exam date that will give you enough time to study. A minimum of 3 Months is ideal. Also, choose a test location suitable for you. 
  5. Prepare: You need to study and understand everything in the PMBOK® Guide to stand any chance of passing the CAPM® or PMP® exams. You can either take paid preparatory classes that will equip you with exam-focused tips, or study the materials on your own.
  6. Exam: You will appear in person for the exam which is a 4-hour test that consists of 200 multiple-choice questions. You need to pass 175 questions out of the 200 multiple-choice questions in the PMP exam. At the end of the exam, you will take a short survey, after which you will have access to your result.
  7. Result: Pass or fail, you will know immediately after the short survey. If you passed, you will see your name in the PMI's certification registry in less than a day. Your certificate will come in the mail within a month. You are now a certified Project Manager. 

4.0 How much does a Project Manager make?

According to Salary.com, the annual average salary for a Project Manager in the United States as of September 28, 2018, is $131,822 US Dollars. However, because of certain variables such as education, a number of years of work experience, level of certification, additional skills etc., salary ranges from $117,345 to $147,570 US Dollars. Apart from the salary, Project Managers in the U.S. can also earn compensations that include bonuses, retirement, and healthcare benefits, up to an average total of $139,926, with the range falling between $122,589 and $160,280 US Dollars.

Below are the Average salaries of a PMP in different countries of the world, According to the survey released by the Project Management Institute based on survey collected from 26,000 project management professionals in 34 countries.

Annualized salary (in USD) by Country
Median Salary Exchange rate
Switzerland
$130,000
Australia
$108,546
United States
$108,200
United Kingdom
$92,221
New Zealand
$90,442
Netherlands
$89,482
Belgium
$88,364
Germany
$87,245
Qatar
$82,314
United Arab Emirates
$81,663

5.0  Types of Project Manager

5.1.1 Construction Project Manager

A construction Project Manager is a Project Manager who works in the construction industry. Fundamentally, a construction Project Manager takes charge of the planning, coordination, and execution of any construction project. The project could be civil, residential, commercial, agricultural, industrial, environmental, or institutional. This field consists of complex tasks and needs a Project Manager with great knowledge of construction processes, problem-solving skills, and strong communication skills. Due to the complex nature of the construction industry, a construction Project Manager should have knowledge of different areas which are associated with the construction industry, such as law, finance, mediation, etc. 

5.1.2 How to become a construction Project Manager

  1. Education: Having a minimum of a bachelor's degree seems to be the natural way to go. This could be a degree in building science, engineering, or construction science. Whatever degree path you choose, it is important that your coursework includes classes in construction methods and materials, building standards and codes, project management and control, and any other similar classes. These courses will build the foundation for you to become a Project Manager in construction.
  2. Work experience: During or after you have gotten your degree, you should find opportunities that offer on-the-job training for those without construction work experience. Some organizations employ Project Manager assistants. These assistant roles are often very practical and hands-on. The Project Manager concentrates on the big picture while leaving most of the project implementation responsibilities for the assistants. If you do not have any type of degree, then work experience is very important. With lots of experience and years spent in the construction industry, you can easily get selected as an Assistant Project Manager even without having any educational background in the respective field.
  3. Certification: Although many companies may not demand that you have a  certification as a prerequisite for giving you a job, a certification can give you a better advantage over other candidates that do not have any certification in construction project management. The Construction Management Association of America (CMAA) and the American Institute of Contractors (AIC) are some bodies that offer certification courses in construction project management. The AIC issues the Certified Professional Constructor and the Associate Constructor certificates while the CMAA offers a course in Certified Construction Manager.
  4. Soft skills: Construction projects have many moving parts. These include people,  tools, finance, weather, machines, time etc., and a Project Manager must have certain skills to be able to keep all these parts running smoothly. You need to develop effective communication and time management skills in order to become a Construction Project Manager. The management of human relations is a complex one and the success or failure of any project depends largely on how motivated and committed a team is. As a Project Manager, you need to be a problem solver and able to quickly adapt to change. For instance, the weather is a huge factor in construction because it is beyond human control. When the challenges of poor weather come up, a Project Manager needs to improvise in order to complete the project on time. 

5.1.3 What does a construction Project Manager do?

Construction Project Managers are also known as general contractors or simply, Project Managers. Their duties will largely depend on the type and scope of projects. Big projects will often have several Project Managers where each Project Manager will handle a specific part of the project. For instance, in some large building projects, there could be a Project Manager in charge of all electrical works, while another Project Manager handles all HVAC responsibilities. These different Project Managers will be under the supervision of one Project Manager. However, generally, a construction Project Manager will have the following roles:

  1. Preparation of budgets, timelines, and cost estimates
  2. Determination of the relevant construction techniques and methods to use
  3. Clearly communicate technical and contract details to the team
  4. Promptly communicate budget issues and project progress to clients
  5. Select and hire laborers and subcontractors
  6. Supervise on-site activities and personnel
  7. Respond and provide solutions to emergencies, problems, and challenges
  8. Collaborate with engineers, architects, and other building and construction experts
  9. Adhere to legal provisions, safety and building codes, and other building regulations

5.1.4 How much does a construction Project Manager make?

Factors that determine the salary of a construction Project Manager include education, level of experience, location, the scope of projects, certification, etc. In the United States, the average annual salary for a construction Project Manager as at September 28, 2018, is $101,022 and depending on the factors stated above, this could be as high as $113,839 and as low as $88,049 (Salary.com).

Below are the salaries of construction managers in different parts of the world.

Construction Manager (Country)
Average salary per year
United States
$101,022
United Kingdom
£41,740
Canada
C$77,632
Australia
Aus$98,673
India
Rs 966,397
United Arab Emirates
AED 312,397
China
CNY 744,000

Source: Payscale & Glassdoor (October 2018)

5.2 IT Project Managers

An Information Technology (IT) Project Manager is an expert that has the duty of managing all the processes of planning, delegation, and execution responsibilities, in fulfillment of an organization's IT goals and objectives. The IT Project Manager has a firm knowledge about the objectives of the business with respect to specific demands and allocates resources in with respect to these goals. Some IT projects are; data management, hardware installation, software development and implementation, system upgrades etc.   

5.2.1 How to become an IT Project Manager

  1.  Education: Most employers demand that their IT Project Managers have a  minimum of a bachelor's degree in fields such as information technology, computer science etc. A master's degree will be an advantage.
  2. Experience: Most information and computer system managers have many years of work experience in information technology. If you have experience in managing any project or supervising people in an IT department, you are already on your way to fit into an IT Project Manager role. 
  3. Skills: To be an IT Project Manager, it is important to acquire relevant skills such as human management, critical thinking, strong communication, time management, decision making, system analysis, use of relevant software (project management/  enterprise resource planning/query/database user interface), leadership skills, etc.
  4. Certification: A certification in an IT area relevant to your career path would distinguish you from others. You will have a deeper understanding of your specialization by being current with the latest techniques, technology, and trends in the field.

5.2.2 What does an IT Project Manager do?

Fast changes occur in the IT industry, and this creates the need for constant improvements and upgrades in systems and technology. The IT Project Manager has the role to supervise a team of IT experts and manage the budgets and timelines of an IT project to ensure smooth execution. These roles include:

  1. Ensures communication is effective among all stakeholder throughout the project
  2. Monitor project milestones and modify project plans to meet business needs
  3. Assign and delegate duties to team members according to skill sets
  4. Ensures that everybody understands the project deliverables
  5. Create good working relationships among all key stakeholders
  6. Effectively manages budgets and timelines

5.2.3How much does an IT Project Manager make?

The salary/total pay of an IT Project Manager will always depend on certain variables such as the number of years of experience, education/certification level, location, and additional skills.  In the United States, annual average salaries in this field are $81,697 (IT Project Manager I), $101,961 (IT Project Manager II), and $120,098 (IT Project Manager III) as at September 28, 2018. However, the range falls between $71,897 and $131,846 US Dollars (Salary.com).

Below is a table showing average salaries of IT Project Managers across the world.

Construction Manager (Country)
Average salary per year
United States
$101,022
United Kingdom
£41,740
Canada
C$77,632
Australia
Aus$98,673
India
Rs 966,397
United Arab Emirates
AED 312,397
China
CNY 744,000

Source: Payscale & Glassdoor (October 2018)

5.3 Technical Project Manager

A technical Project Manager is anyone that oversees and manages the development and delivery of an IT or technology initiative. Technical Project Managers manage either a wholly technical project or the technical side of a project. They are professionals that grew from technical backgrounds, can solve technical issues, evaluate technical risks, and accurately estimate project timelines based on their many years of technical experience. In essence, technical Project Managers come with the combined wealth of organizational skill and technical experience. 

5.3.1 How to become a technical Project Manager

  1. Education: To become a technical Project Manager, you need to have a minimum of a   bachelor's degree in computer science, engineering or other related fields.
  2. Experience: You need adequate direct work experience (differs across companies) in a project management role, which has given you sufficient opportunities in process creation and execution.
  3. Skill set: To become a technical Project Manager, you need to have strong organizational skills, prioritizing skills, and excellent time management skill. Project management generally is fast-paced with an ever-changing project environment;  therefore, you need to be able to work under the pressure of deadlines. A can-do attitude is compulsory, as well as effective communication.
  4. Certification: A specialized certification in technical project management will widen the skills, knowledge, and experiences you have acquired as a working professional, and help you transit faster into a managerial role.

5.3.2 What does a technical Project Manager do?

The core reason of choosing technical Project Manager for a project is to have someone that can evaluate the project, resources, schedule, and control, through a more technical perspective than the conventional Project Manager can. Responsibilities of a technical Project Manager include:

  1. Manage projects with total oversight, in line with budget, scope, and timeline, to ensure project success.
  2. Develop detailed project plans that combine a client's requirements with the organization's goals.
  3. Coordinate and motivate different technical teams from project conception to completion. 
  4. Constantly track project progress and create scheduled reports on quantifiable indices such as deliverables and milestones. 
  5. Evaluate changes in project plans and discuss with stakeholders in order to adopt the beneficial ones.
  6. Supervises the acquisition of materials and resources needed for projects and negotiates prices with vendors and suppliers. 

5.3.3 How much does a technical Project Manager make?

In the U.S., the annual average salary for a technical Project Manager as of October 05, 2018 is $109,071 US Dollars. Average additional compensation is $9,721. Factors that determine the total pay for a technical Project Manager are location, experience, employer, skills/qualifications, etc. These factors cause the annual average to range from $83,000 to $144,000 US Dollars and the annual average compensation from $2,304 to $23,084 US Dollars (GlassDoor.com).

Below are the salaries of construction managers in different parts of the world.

Technical Project Manager (Country)
Average salary per year
United States
$83,000
United Kingdom
£40,659
Canada
C$81,210
Australia
Aus$99,392
India
Rs 1,433,957
United Arab Emirates
AED 267,401
China
¥300,000

Source: Payscale & Glassdoor (October 2018)

5.4 Digital Project Manager: 

A digital Project Manager is someone that has the responsibility of fine-tuning the processes involved in the management of online projects from conceptualization to closure, within budget, and using a specific amount of resources. Examples of digital projects are social media, games, advertising, videos, mobile apps, search engine optimization, events, websites, content development, etc.

5.4.1 How to become a digital Project Manager

There is no straightforward route to becoming a digital Project Manager. You will see no specific university degrees or courses that will teach you digital project management, and you cannot assume a role here without any previous experience. Nevertheless, as a guide, the path to becoming a digital Project Manager can be broken down into a few steps as follows:

  1. Skill building: One of the most certain ways you can advance your career is by developing skills highly sought after by companies you admire. Search for these companies to see if any of them has an open or recently closed vacancy for a manager. You can as well search on job boards. Once you find any suitable company, make a list of all the skills, certifications, etc. they demand as requirements for the position and improve yourself by acquiring same skill set. 
  2. Shadowing: The best way to get anything done is by following those that have successfully done those same things. LinkedIn is a great place to search out professionals in various industries. Search for Project Managers in companies you admire and check what they have listed in their career path/timeline. Look at their educational background, skills they possess, and jobs they handled before becoming Project Managers. You would often notice that these Project Managers have already specialized in one core digital areas or the other (development, design etc.) before climbing up the managerial ladder. You stand a better chance of becoming a digital Project Manager if you first learn and specialize in one of the core digital areas. 
  3. Certification: A project management certification alone is not the key to getting a  project management job. It only makes it easier when it comes down to an employer having to make a choice between two qualified candidates where the one with certification has better chances of securing the job. Apart from getting a certification that is relevant to your industry needs and career path, a management degree such an MBA will also give you good chances of getting a digital project management job. 
  4. Responsibilities: It is a prerequisite for a digital Project Manager to be an expert in your core digital specialization. Depending on your present company, and your desire to take on more responsibilities, this can take anywhere from a few months to years. If you show willingness in assisting your Project Manager, and you are proficient when taking on project management focused roles, your boss will naturally give you more work to do. More work means more experience, and more experience means a quicker climb into a full Project Manager role.

5.4.2 What does a digital Project Manager do?

The digital Project Manager has the role of making sure that all the required deliverables for a project are properly completed and handed over within the project timeline and on budget. Digital Project Managers ensure that all the different parts of the project are streamlined and running smoothly. These roles include - assigning duties and deadlines, clearing obstacles, defining and managing the scope of the project, developing and communicating the project plan/timeline/budget, monitoring and evaluation of project progress/success, etc. 

5.4.3 How much does a digital Project Manager make?

The salary of a digital Project Manager varies and is dependent on factors that include experience, location, and the level of responsibility the digital Project Manager handles. Salaries in the United States come at an annual average of $90,337 US Dollars as of October 04, 2018 and ranges from $59,000 to $134,000 US Dollars. The average compensation ranges from $1,703 to $22,564 US Dollars (GlassDoor.com).

Below are the salaries of construction managers in different parts of the world.

Digital Project Manager (Country)
Average salary per year
United States
$90,337
United Kingdom
£33,673
Canada
C$58,429
Australia
Aus $115,000
India
₹420502
United Arab Emirates
AED 208,425
China
CNY 285,766

Source: Payscale & Glassdoor (October 2018) 

6.0 How to become a good Project Manager

In the professional environment of today, Project Managers are required to multi-task, switching promptly between the daily duties of managing a team to not losing sight of the big picture. The environment is high-pressured and needs great skills and dedication to be successful.

  1. Build positive relationships: Create the right attitude and interaction among all parties to the project. This establishes effortless communication and understanding.
  2. The big picture: Focus on the big picture but do not neglect the details. The ability to see both perspectives is a skill that makes you a good Project Manager.
  3. Lead: You can neither be everywhere nor do everything. Provide enough guidance for your team and do not micromanage them. Trust makes the workspace runs smoothly.
  4. Be firm: Projects veer off course when people start focusing on themselves and neglecting common goals. This creates friction and lack of respect and cooperation. Setting some ground rules from the onset with clear consequences will limit disruptions.
  5. Influence: Identify each team member's strength and influence each person to give their best irrespective of conflicts, personal opinions, and challenges. 

6.1 What is the difference between the Project Manager and Program Manager?

Project Managers and program managers use similar techniques and tools, but they have different roles because of their different job descriptions. While a Project Manager is in charge of the team responsible for executing the project and producing expected results, program managers have a broader role. Program managers manage several projects, and sometimes, several programs. The key roles that differentiate the Project Manager from the program manager are:

a) Program manager: 

  • Manages several projects
  • Manages several project teams that sometimes may include the Project Managers
  • Ensures successful program deliverables

b) Project Manager:

  • Manages a particular project with the associated schedule, scope, and resources
  • Coordinates and manages the project's team's activities
  • Ensures project deliverables are successful, timely, and within budget 

6.2 How to be a successful Project Manager

In the highly competitive project management industry, simply being a good Project Manager may not set you apart from the rest. In order to take your career to the next level, you must transit to being a successful Project Manager, whose approach has some uniqueness and produces amazing results.

  1. Get involved: To be successful, you need to be wholly involved, especially in team building. A study, understand and know how to get the best out of your team. Know each team member's skill and the way to utilize it effectively. Be informed. Be agile. Be flexible. Change is inevitable. Have a firm grasp of the project and know when and how to adapt to any sudden change that occurs.
  2. Be proactive: A successful Project Manager knows that unexpected curves do appear along the project management track. As long as you have the big picture in focus, anticipate these curves in your planning and scheduling, and be ready to provide real-time solutions. Successful Project Managers create alternatives.
  3. Bargaining power: You may never have everybody agree with you all the time.  However, if you have great bargaining skills, can negotiate and collaborate effectively with all stakeholders to achieve your organization's objectives, you are already on your way to being a successful Project Manager. 
  4. Time, Budget, and Quality: Projects are successful when completed on time, within budget, and with high-quality deliverables. A successful Project Manager will make the team aware of these three essential factors to a project's success.

7.0 How to get a Project Manager job

A Project Manager's role is very demanding. It needs someone that is flexible with strong leadership skills. The role spans across several industries such as construction, IT, human resources, etc. You will need to plan, organize, delegate, budget, and document all aspects of a new project. This profession is also highly rewarding. To get a Project Manager job, the following steps will guide you.

  1. Employer requirements: Research the qualities employers desire in a Project Manager. Some favorite important traits common among employers include strong leadership, effective communication, integrity, initiative, and foresight.
  2. Evaluation: Assess yourself and your experiences. Compare your skills with those required by employers, determine where they overlap, and where there are gaps. Deepen and reinforce all current skills that are project management focused and improve to fill the gaps identified. 
  3. Get qualified: It is becoming very difficult finding entry-level roles in project management. Having some sort of degree qualification, which can be different from one industry to another, is often the first essential step to securing a job. Even without a degree, there are now many online platforms where you can get project management courses without going through a university.
  4. Keep improving: The career path in project management is far-reaching. Whether you are looking to secure your first job in project management or aspiring towards higher roles in your career, you can succeed as long as you have a positive attitude and stay motivated. Keep updated on the trend within your industry, and regularly add to your skills, qualifications, and knowledge accordingly. 

If you are an Agile professional looking to make it big as a Project Manager as well, being the best fit for a project management job can be challenging. Industry experts, however, recommend an exhaustive Agile PMP® Training Program to make you industry-fit and enhance your earning potential. Conclusion

The demand by companies for accomplished Project Managers that are technical savvy, and with great leadership skills is on the increase. The business environment is constantly changing and becoming more complex by the day. The need for a leader that can hold it all together, yet produce fantastic results has become a major priority of business owners. Therefore, any Project Manager with the necessary training, in addition to relevant core soft skills can stand out in his or her chosen field, achieve great results, and attain unimaginable heights.  

KnowledgeHut

KnowledgeHut

Author

KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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If you have arrived at this blog and are actually inclined to read it then it is a clear sign that you know what PMP and Prince 2 actually means. And no, it does not refer to the new version of the popular video Game of your college days [Prince]; it is actually the name of the project management certification that has huge followers and fans across the world. And that’s where the trouble starts. For its competitor too, boasts of a huge fan following of its own. The PMP certification, I am talking about. Almost all project management professionals, at least once in their career are in a dilemma about which certification to choose from PMP, Prince2 or ITIL. I, too, was faced with this confusion and finally, I was able to make an informed decision, thanks to the guidance of my experienced mentors and friends. A few days ago, one of my audience at a seminar asked me which certification to choose between PMP and Prince 2 and it reminded me of my days. This caused me to think why not write a blog for general audience and in turn, maybe it will help some of you. So I hope my little attempt serves its purpose. Please do let me know likewise or otherwise by leaving comments below this blog. Let’s begin! Brief summary about PMP – So that you know what we are dealing with: PMP is a trademark certification issued by PMI org and is a world-renowned project management certification that can be practised across domains, industries, and geographies. PMP stands for Project Management Professional and PMI stands for Project Management Institute PMP is governed by a framework known as PMBoK [Project Management Book Of Knowledge] This PMBoK is like a holy grail for PMI members and PMP certified members It gives tools and techniques for different situations and phases of project and it gives freedom to the project manager to decide which one to use in a particular situation depending upon the circumstances, history and future aspects PMP places onus on Integrity, Professionalism, Ethics, Communication, and transparency. PMI guides the project manager on the kind of role he/she should play in the success of projects and this lays down multiple guidance for them to be followed in spirit; the actual implementation may not be a textbook version. Brief Summary about Prince 2 – So that you know what we are comparing against: Prince2 stands for “Projects in Controlled Environment” version2 It also can be utilized for any type of project in the world It clearly lays out the roles and responsibilities of the team members in the project members The project is clearly divided into smaller manageable groups and has well laid out processes to be followed by the project manager It has 3 levels of certification: Foundation, Practitioner, and Professional Practical, to-do format, clear-cut items to be assigned, tracked and delivered are laid out in this AXELOS owned world famous certification. Hence, the name “Projects In Controlled Environment” ☺ As you must have sensed by now, PMP and Prince2 differ from each other in the following ways: PMP deals with a broad-level generic framework that believes in empowering you with the best-in-class tools and techniques but leaves the implementation and decision making to you as per your thought process Prince2 restricts your ability to change things because each and every process is clearly laid out with specific roles for team members and hence, well-defined project success PMP believes that project manager is an enabler whereas Prince2 visualizes project manager as an enforcer. PMP needs to be renewed every 3 years through contribution to the field of project management by sharing your knowledge and learning on your own; whereas Prince2 relies on making you appear for examination every 3-5 years. The terminologies used by each of the certification is different but I think you knew this would happen ☺ Which certification is suitable for you – PMP or Prince 2? We are clear by now, that both certifications are good, both of them are world renowned and both of them can lead to Project success. So which one should you go for? That was the initial question, isn’t it? Well, the answer is very simple and it is not related to the technical superiority of the course material for either of them. It is dependent on facts like: Where you live and work Where your clients are situated The kind of work routine that suits you Yes, strange! But it’s true. It has to come to that. Can you believe that? I couldn’t either when I first got to know about these but it turned out to be true. See, the thing is: Prince2 is followed fervently and much respected in Europe, UK and Australia PMP is adhered to and recommended for certain geographical regions such as North America, South America The remaining world such as Asia and Africa is neutral to both certifications and that leads to the next question: Where are your clients situated? And hence, your home address and your client location determine the certification you should go for. Some often asked questions across different forums:  1) Should I do both the certifications: PMP and Prince? If you can afford them then why not! They are expensive. Around 600-700 USD for PMP and around 400USD for Prince2 [exact price may vary across countries]. So if your pocket allows, then it will be a good thing to have. Is it really necessary? No. I am PMP certified and I have delivered projects to clients across globe and it has not hurt me. 2) Will my pay package increase with these certifications? If yes, which one gives better yields? Yes, your package will go up substantially after getting certified because it signifies that you have spent effort in getting familiar with the best-in-class frameworks and techniques. So big clients and companies can rely on you. The positive increase is almost similar for you. 3) Which certification is better for Infrastructure projects? Are they specific to IT or software projects only? No, they are not specific to IT or software projects. Yes, they can be used for Infrastructure, manufacturing or service-based projects. Because both the certifications allow you to learn the best techniques to deliver a project. The only difference is in the way they approach success. While PMP believes that you can do well as long as you know the right way of doing things, Prince2 believes in making sure that you follow the right path. 4) Is there any gender-specific preference in the certifications for PMP or Prince2? No. 5) If I have clients in the Middle East and Asia, which one should I choose because you just now mentioned that these regions are neutral in terms of preference for project management certifications. Going by historical data, Arab world has better connect with Europe and in recent times, some countries have developed good business relationships with America. So depending on the client and your profile, you can choose either of them. However, if you are looking for a safer option and a long-term career in the Middle East, then I recommend that you take both certifications- PMP and Prince 2. I hope this post was useful to you. By the way, do not forget that KnowledgeHut is a certified recognized provider of training for both the certifications: PMP and Prince2 with a very high success rate. All the best! ☺  
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PMP or Prince 2 – The Management Certificati...

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Best Project Management Certifications in 2021

While nothing can replace industry work experience, there is no doubt that a credible certification can open up new opportunities and elevate your current profile. This is true for any area of work and more so in the project management field.With projects getting more complex, pan global and resource intensive, organizations look to hire project managers who come with solid expertise and a recognised certification to back their knowledge and skill.With so many project management credentials to choose from, which one would suit you best in terms of the knowledge and opportunities you will gain? Here is a ready compilation of the best Project Management Certifications for 2021, to help you to make an informed decision.PMP® Certification TrainingCAPM® Certification TrainingPMI-RMP® Certification TrainingPRINCE2® Foundation and Practitioner Certification TrainingProgram Management Professional (PgMP)® Certification TrainingPMI-ACP® Certification Training1. Project Management Professional (PMP)®Arguably the most well-known credential in the Project Management space, the PMP is globally recognized as the gold standard in project management. Offered by the Project Management Institute (PMI)®, the PMP gives you the bandwidth to work in any industry, using any methodology and working on a variety of situations.This certification is a litmus test of your project management knowledge and skills in managing the project "triple constraints", that is time, cost, and scope. And with its new rollout, the PMP helps holders grow and develop diverse project management skills to suit the fast-changing markets of today and beyond.PMP DemandThe reason why PMP is so well received is because the skills one learns during the PMP certification journey can be applied across sectors, geographies and industries including IT, government sectors, telecommunications, manufacturing, banking and more.It allows certified professionals to maximise value, enhance bottom line margins and prove that they can drive business results.PMP continues to remain one among the best Project Management Certifications for 2021.Benefits of getting PMP certifiedValidate your commitment to continued excellence and qualityDemonstrate your proficiency in project managementGrow your career in project management with confidenceManage projects across sectors and industriesGet yourself hired by the bestEarn salaries that are up to 58% higher than those who do not hold the certificationEarn salaries up to $145,000Top companies that hire PMP professionalsExxon MobileAppleSAICEXELONWhere to take training for certification: Aspirants must undertake the training from an Authorized Training Provider of PMI®.Who should take the training for certification:Mid-Level, Senior Project ManagersProject CoordinatorsProject AnalystsProject LeadersProduct ManagersProgram ManagersProject SponsorsTeam LeadersAnyone interesting in building project management skillsEligibility for PMP examTo be eligible for the PMP® exam, you must fulfill the following criteriaEDUCATIONAL BACKGROUNDSecondary Degree (high school diploma, associate’s degree or global equivalent), ORFour-year Degree (bachelor’s degree or global equivalent), ORBachelor's or Post-Graduate degree from a GAC accredited program (bachelor’s degree or master's or global equivalent).PROJECT MANAGEMENT EXPERIENCEMinimum five years/60 months unique non-overlapping professional project management experience, ORMinimum three years/36 months unique non-overlapping professional project management experience, ORMinimum two years/24 months unique non-overlapping professional project management experience.PROJECT MANAGEMENT EDUCATION35 contact hours of formal education, unless you are an active CAPM holder.Exam FormatThe latest (2021) PMP® certification exam pattern is as follows:No of questions: 180 multiple-choice, multiple responses, matching, hotspot and limited fill-in-the-blank.Time: 230 minutesDifficulty level: The questions are populated as per the difficulty level. The questions are randomized so that no two candidates will get similar questions. The easier the question, the higher the passing score determinant and the higher or tougher the question, the easier the passing score. Duration to get certified: After completing your 35 hours of PMP workshop training, you need to rigorously prepare for the exam. Experts suggest dedicating several weeks to studying for the exam to ensure thorough preparation. Your web-based exam results will be visible to you immediately upon completion of the exam.Course fee for certification: In India: INR 14999, America: USD 999, Canada: CAD 1399Application fee: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certification:In IndiaMember: ₹23,459.00 Non-member: ₹42,863.00In US Member: $405Non-member: $555Retake fee for certificationMember: $275Non-member:$3752. CAPM®: Certified Associate in Project Management Yet another offering from the PMI, the CAPM is a foundational credential that reflects the holder’s expertise in defining and managing new age project management tools and techniques. Based on the PMBOK® Guide-Sixth Edition, the CAPM will help you stand out among non-certified project managers and showcase your proficiency in implementing global project management best practices.  CAPM Demand: The CAPM certifies the holder as being adept in project management practices. An organization having a pool of CAPM qualified professionals has a good reputation and standing in the market. Owing to the benefits that they bring in, CAPM practitioners are much in demand.Benefits of getting CAPM certifiedLearn the right skills in project managementGain insights into project executing, monitoring, controlling and managementBe thorough in estimating project activity costsAchieve quality management and quality assurance at every stageMaster global project management best practicesOpen yourself to new opportunities and lucrative job offersEnhance your market credibility  Gain 23 contact hours/PDUsBe part of the PMI network and gain several benefitsEarn average salaries from $93,500 to $111,500Top companies that hire CAPM professionalsKaiser PermanateAecom CorporationSAP AmericaBooz, Allen, HamiltonInternational Business Machines (IBM) CorpWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationAssociate Project ManagersProject ManagersIT Project ManagersProject CoordinatorsProject Analysts, Project LeadersSenior Project ManagersTeam LeadersProduct ManagersProgram ManagersProject SponsorsProject Team MembersEligibilitySecondary degree (high school diploma, associate’s degree or the global equivalent)23 hours of project management education completed by the time you sit for the examExam FormatNo of questions: 150 questions Time: 3 hoursDifficulty level: Moderate but requires thorough knowledge of project management principlesDuration to get certified: After completing your 23 hours of CAPM workshop training, you need to dedicate around 45-60 hours to ensure complete preparation for the exam. Your web-based exam results will be visible to you immediately upon completion of the exam.  Course fee for certification: INR 8999, USD 799Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certification:In IndiaMember: ₹17,377.00Non-member: ₹23,169.00In U.S.Member: $435Non-member: $4953. PMI-RMP®: Project Management Institute-Risk Management ProfessionalThe pandemic exposed many vulnerabilities that organizations had not been prepared for. When faced with unprecedented risks, organizations need specialists who can identify and assess project risks, mitigate threats and take advantage of opportunities. The PMI-RMP course and certification prepares professionals to perform this role and successfully steer projects in complex environments.PMI-RMP Demand: According to the 2015 Pulse of the Profession® by PMI, “Eighty-three percent of organizations that are high performers in project management practice risk management frequently while just 49 percent of low performers do so”. This shows the importance of risk management and the emphasis organizations place on qualified risk managers.Benefits of getting PMI-RMP certifiedApply risk management practices for greater competitive advantageIdentify and measure risks in project development and implementationQuantify and create risk response strategies to deliver products that meet stakeholder expectationsUse a proactive and focused approach to preventing problems, rather than dealing with them once they occurIncrease your visibility within the companyAim for greater career growthEarn salaries upto $115,931Top companies that hire PMI-RMP professionalsWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationRisk ManagersRisk Management ProfessionalsProject ManagersProject SponsorsProgram ManagersProject EngineersProject CoordinatorsPlanning ManagersPlanning EngineersProject Cost Control EngineersQuantity SurveyorsCivil EngineersIT Project ManagersProduct ManagersProject AnalystsBusiness AnalystsProject LeadersProject Co-ordinatorsTeam LeadersTeam MembersEligibilityTo apply for the PMI-RMP® Credential, you need to possess a:Secondary degree (high school diploma, associate’s degree, or the global equivalent)4,500 hours of project risk management experience40 hours of project risk management educationORFour-year degree (bachelor’s degree or the global equivalent)3,000 hours of project risk management experience30 hours of project risk management educationExam FormatNo of questions: 170 questions Type: Multiple ChoiceTime: 3.5 hoursDuration to get certifiedApplication fee: For PMI membership: USD $ 129 plus USD $10 for application fee.Course fee for certification: INR12999, USD 999Exam fee for certificationIn U.S.Member: $520Non-member: $670Retake fee for certificationMember: $335Non-member: $4354. PRINCE2® Foundation/PRINCE2 PractitionerThe PRINCE2 (PRojects IN Controlled Environments) Foundation and Practitioner credentials are sought-after offerings from AXELOS. There are a number of credentials offered under PRINCE2 that make it suitable for a wider audience. Axelos keeps the PRINCE2 curriculum regularly updated with the latest industry advances, which makes it suitable for new age project management and intensive, demanding projects.  PRINCE2 Demand: PRINCE2 extends its applicability across industries and sectors. This makes it very popular in the market as it is a one size fits all model. Although PRINCE2 was founded in the UK, it has now firmly established its presence in industries across the world. According to a report in LinkedIn, PRINCE2 is the most popular project management methodology. A professional adept at PRINCE2 and holding the credential is highly valuable and sought after by organizations implementing PRINCE2 for their projects.  Benefits of getting PRINCE2 certifiedGuide projects in their entiretyTailor PRINCE2 to suit the needs of projects and organizationsValidate your commitment to continued excellence and quality  Master and demonstrate your proficiency of the PRINCE2® framework  Gain project management best practices and grow your career with confidence Work across projects in diverse sectors and industriesShow your ability to work in challenging work environments  Command higher salaries (upto $99,012 average) than your non-certified peers Top companies that hire PRINCE2 professionalsShellBPTranspower New ZealandIBMHPAquasoftGetronicsSiemensWhere to take training for certification: Aspirants must undertake training from a Certified Partner of AXELOS and an accredited training organization (ATO) with PeopleCert®.Who should take the training for certification?Project ManagersProject CoordinatorsProject AnalystsProject LeadersProduct ManagersProgram ManagersProject SponsorsTeam LeadersSenior Responsible OwnersProduct Delivery ManagersBusiness Change AnalystsProject and Programme Office PersonnelOperational Line ManagerAnyone who wishes to build up knowledge in project management EligibilityThere are no eligibility requirements for the PRINCE2® Foundation certification exam. To qualify for the PRINCE2 Practitioner exam, you must have at least one of the following certifications: PRINCE2® Foundation or higher (applicable only to certificates obtained after 1 January 2009) Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A® (Certified Projects Director) IPMA Level B® (Certified Senior Project Manager) IPMA Level C® (Certified Project Manager) IPMA Level D® (Certified Project Management Associate) Project Management Qualification (PMQ) Project Professional Qualification (PPQ) Exam FormatFoundation ExamDuration: 60 minutes (1 hour) Questions: 60 Multiple choice questions Pass mark: 33 out of 60 available, or 55% Use of textbook: No, it’s a closed book examPractitioner Exam Duration: 150 minutes (2.5 hrs) Questions: 68 Objective type questions Pass mark: 38 out of 68 available, or 55% Use of textbook: Yes, but only the official PRINCE2® manual is permitted. Duration to get certifiedYou will need to attend 32-hours of PRINCE2® Foundation and Practitioner training from an ATO of AXELOS and PeopleCert®, following which you will be required to take the exams to demonstrate your knowledge of PRINCE2 and get certified. The results of your tests are issued within 2 business days from the date of your exam.  Course fee for certification: USD 1999Exam fee for certification: Included in course fee5.  PgMP®: Program Management Professional (PgMP)® Certification TrainingAnother project management from the PMI, this credential is more advanced than the PMP and certifies the holder’s ability to manage complex projects that cover functions, organizations, cultures and geographies. The credential mandates holders to be proficient in the six prime focus areas: Governance, Prioritization, Escalation, Resource Management, Benefits Realization, and Stakeholder Management.PgMP Demand: Credentials from the PMI are known for their rigorous standards and testing, which is why they are well accepted in industries across sectors. PgMP holders are better able to promote integration and coordination of multiple projects for the overall benefit of the program. According to PMI’s 2015 Pulse of the Profession® report, an organization’s projects are far more successful with program management than without it — 76 percent compared to 54 percent. This further compounds the demand for PgMP professionals. Benefits of getting PgMP certifiedGet in-depth knowledge of tools and techniques to handle complex multiple related projectsUnderstand Program Lifecycle and its processes, competencies, tools and techniques with practical sample templatesLearn to implement large-scale programs to align with business strategyOpen yourself to lucrative job opportunities and leadership rolesWork in projects across geographiesEarn high salaries, upto $139,000 on averageTop companies that hire PgMP professionalsAmazonGoogleMicrosoftCognizantCapgeminiDeloitteJP Morgan ChaseErnst & YoungWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI®Who should take the training for certificationTeam LeadsSponsorsProject DirectorsProgram ManagersPortfolio Managers  Project Management Office (PMO) HeadsEligibilityA Four-year Degree (Bachelor's or Global equivalent), with at least four years of Project Management experience and four years of Program Management experience.ORA Secondary Diploma (High school or Global equivalent), with at least four years of Project Management experience and seven years of Program Management experience. Exam FormatNo of questions: 170 multiple-choice, of which 20 are considered pretest questions which are not scored.Question type: Most questions are scenario based and test a professional's understanding and clarity of thoughts on different Program Management concepts.Time: 4 hoursDifficulty level: DifficultDuration to get certified: You have to complete your 24 hours of training from an Authorized Training Partner (ATP) of PMI. Make a study plan and stick to it religiously. The PgMP is considered to be more difficult than the PMP and requires a fair bit of preparation. Once you pass the 4-hour exam you will be PgMP certified.  Course fee for certification: INR 13,999; USD 1199Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationIn IndiaMember: ₹46,338.00Non-member: ₹77,230.00In U.S.Member: $800Non-member: $1000Retake fee for certificationMember: $600Non-member: $8006. PMI-ACPPMI-ACP Demand: Agile is a fairly new concept in the context of product development. Though organizations reap immense benefits by adopting Agile, the road to transformation can often turn out to be expensive if not well executed. PMI-ACP professionals are therefore in huge demand as they can bring in project management best practices in Agile environments and ensure project success.  Benefits of getting PMI-ACP certifiedThe shortage of Project Managers has increased job opportunities in the Agile environmentYou will qualify for Agile jobs with expertise in Agile methods like Scrum, FDD, Kanban, etc. which are in demand in the industryEarn salaries in the range of $108,000 on an averageEquips you with knowledge of various Agile methodsMakes you more marketableTop companies that hire PMI-ACP professionalsStandard CharteredOracleIBMVMWareSource: IndeedWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI® Who should take the training for certification?Project ManagersProject PlannersQuality Assurance StaffDevelopers/ProgrammersDesigners, TestersProject ControllersProduct OwnersScrum MastersScrum Team MembersEligibilityTo apply for the PMI-ACP®, candidates must meet the following requirements:1. General Project Experience2000 hours of working on project teams within the last 5 years or having an active PMP®/PgMP® credential2. Agile Project Experience1500 hours of working on Agile Project Teams or with Agile Methodologies, in addition to “General Project Experience” above;3. Training in Agile Practices21 contact hours earned in Agile PracticesExam FormatNo of questions: 120 MCQ, of which 20 are pre-testDuration: 3 hoursDuration to get certified: Once you complete the course, you need to schedule the exam date. Exam applications have to be submitted and approved by PMI. Online applications m ay take upto five business days to get processed. Once your application is processed, you can schedule your exam date, and on passing receive the PMI-ACP credential.Course fee for certification: INR 10,999, USD 1099Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationFor members: $435Non-members: $495Retake fee for certificationMembers: $150Non-members: $200SummaryProject Management is among the most sought after job roles, not only in the tech industry but any industry that executes and manages projects. By 2027, 88 million individuals will need to be skilled in project management-oriented roles. This makes it among the hottest job trends in the coming years, and a credential will go a long way in helping you capitalise on this trend.
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Best Project Management Certifications in 2021

While nothing can replace industry work experience... Read More

Project Contracts – A Vital Legal Binding

One of the key knowledge areas discussed in the Project Management Professional (PMP®) certification is Procurements Management. As part of project procurements management a project manager is mainly expected to be able to initiate, execute and manage projects based on the project contracts. This article is an attempt to discuss about project contracts, to discuss the importance of such contracts and to give an introduction to types of contracts as a precursor to subsequent articles. The PMBOK® defines a contract as follows. “Contract represents a mutually binding agreement that obligates the seller to provide the specified products, services or results, and obligates the buyer to provide the monetary or other valuable consideration in return. A contract can also be called an agreement, understanding, undertaking or a purchase order.” (PMBOK® 5.0) Any project involves two or more parties. One main party that is the buyer and the other the seller. In addition to these there can be other 3rd party elements that are not directly involved in the contract but are interested in or are impacted by the same. The contract between the buyer and the seller happens to protect the interests of the two parties entering into the agreement. The seller provides goods or services to the buyer for which the buyer compensates the seller monetarily or through other financial or non-financial means.   A contract is a formal agreement between the two parties and it is a legal binding amongst the two entities. A formal contract must be in written format and can be used even in court of law in the case of either party failing to honour their commitment or in the case of an appeal against any misdeeds. Dishonouring contracts may actually lead to settlements even in court but should ideally be settled mutually among the disagreeing parties, most probably through a mediator called an ‘arbitrator’. Normally in large organizations contracts are managed by a separate contract manager or a procurements manager. The management of contracts are done in 2 separate ways namely; centralized contracting and decentralized contracting. In centralized contracting, one contract manager manages all the contract related matters for multiple projects. This requires expertise in contracting, standardization of contracting practices across the organization and more focused management of contracts. In decentralized contracting, separate contract managers are allocated to manage the procurements for individual projects. This results in full time management of contracts and the contract manager must report progress to the project manager. This results in more focused management of project contracts and with time creates specialized expertise in contracting. However, this may result in duplication of contracting expertise and less standardization of contracting practices across multiple projects in the company. There are three main types of contracts. They are Cost Reimbursable OR Cost Plus, Time and Material or Unit Price and Fixed Price or Lump Sum contracts.  The applicability and use of these contract types based on the type of project, complexity and the parties involved may decide on variations based on the charges involved in order to ensure that the contract terms are mutually beneficial for the two parties. Hence, these contracts vary based on the cost, time and price.  A cost plus or cost reimbursement contract is a contract in which the contractor is reimbursed or paid all the actual expenses they incur when carrying out the work. In addition to this they are also allowed to charge an extra fee allowing them to obtain a profit. For example a contractor taking up building a contract may claim resource costs as well as any miscellaneous expenses incurred for travel, food, purchases as well as charge an additional amount from the customer in order to make a profit from the tasks carried out. A fixed price contract on the other hand does not depend on the resources utilized or time expended. A fixed amount is agreed upon between the contractor and the customer where the amount is paid to the contractor even if the resources expended is lower or higher than the agreed upon amount. Time & material contract is where the contracting party is paid only for the amount of time or resources spent. For example if there is a software development firm which assigns 4 resources for a project on a T&M basis the company will be paid an hourly rate for each resource based on the amount of time they spend on tasks in the project.  Each contract type has its own pros and cons for both the contracting and implementation party. For example a fixed price contract is suitable for an organization as they would know the amount due before hand and know that they won’t end up paying extra if the triple project constraints are not met. Similarly, a time and material project may be suitable for both parties, as amount will be charged only based on the amount of work done in the project and for the time spent. Advantages and disadvantages of each contract type depend on the context. Thus, it is important for stakeholders involved in projects to negotiate on contracts wisely.
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Project Contracts – A Vital Legal Binding

One of the key knowledge areas discussed in the Pr... Read More

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