Last Updated on October 17, 2021 by admin
5 Best Project Management Principles and Practices
By 2027 employers are going to need 87.7 million employees in the project management field. They’ll need a lot of people to fill those roles!
Project management is ever-growing, and many companies rely on these skilled workers. Interested in project management as a career? Understand that project management principles and practices are essential.
Keep reading to find out more information about project management and just how vital PMP certificates are.
What is a Project Manager?
So, what does a project manager do?
Project management is vital to the overall success of an organization. Project managers can work in all sorts of fields, but the standard features of the role include maximizing the productivity of a team, ensuring efficiency, and managing resources.
Most project managers need to have the technical skills to understand what is happening in the project and the business skills to use resources effectively.
What Are Some Project Management Principles and Practices?
Specific project management principles and practices are shared across the board. Below we’ve covered a few of them, but there are many more to explore as well.
1. Get a Project Management Certification.
Did you know that project managers with PMP certification earn on average 23% more than those without? Getting certified allows you to show you have the skills required to run projects.
There are also industry-specific certifications you can get in roles such as IT, engineering, and more. These are more specialized but can add to your resume. Consider certifications like the TOGAF certified exam to expand on your education even more.
2. Figure Out the Project Structure
Project managers understand the project’s goal and build out a timeline with resources and milestones to keep everything on track. Most project managers will organize the lifespan of a project in a flowchart of some kind.
Once everything is defined, it’s time to set some project goals!
3. Set Clear Goals
As a project manager, you are responsible for setting clear and achievable goals for your team. Keep everyone updated as milestones are hit, and schedule regular meetings to discuss the project’s status.
Project managers will want to set SMART (specific, measurable, ambitious, realistic, and time-bound) goals. This type of goal ensures the project is moving forward through quantifiable success.
4. Recognize Risk
Project managers need to recognize and evaluate the kind of risks involved in a project regularly. Project managers understand that every project has some type of risk; it’s up to them to mitigate those risks and reduce their impact as much as possible.
Constantly communicate with project stakeholders regarding cost, milestones, and any changes throughout the process.
5. Define Project Success
Projects evolve; it’s up to the project manager to determine the measurable criteria of success for each project. There are successes for the clients, the business, and individual teams working toward a deliverable.
It’s always a good idea to celebrate successes!
Interested in Project Management?
Project management principles and practices help project managers in all fields stay organized and on task. If you are interested in project management careers, consider getting certified and keep these practices in mind.
Want to know more about careers? How about tech? Head on over to a few of our other pages to find articles on these subjects and more!
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