Question 1

What is project management and why is it essential?

Accepted Answer

Project management means using skills, methods, knowledge, and experiences to achieve specific objectives of the project. It is beneficial to track and execute the work within the project. The information regarding project management resides in the documents created at the beginning of the process.

The major purpose of project management is

Designing a portfolio,
Investment logic mapping,
Implementation of the financial management system,
Change of telecommunication service provider,
Independent Quality Assurance,
Innovation of business processes.

Applications of project management are

Organization of team goals,
Improves the effectiveness of the team,
To centralize project plans and details,
To eliminate all the confusion,
Realistic project planning.

Question 2

How long does it take to learn project management?

Accepted Answer

The time taken to become a project manager depends upon education, experience, and career goals. Learning project management skills typically takes one year to three months. Without any experience or certificate, you will need a longer time to learn, but you can fast-track it. For example, you have a degree in marketing and some work experience managing social media or influencer marketing campaigns. You have planned and executed those campaigns and used various metrics to measure their success. In that case, you could qualify for PMI’s Project Management Professional (PMP) certification exam, a respected and trusted indication of expertise within the project management industry.

Question 3

How is agile project management different from traditional project management?

Accepted Answer

There are two types of project management methodology - Traditional Project Management and agile project management. Traditional project management takes place in a sequential cycle of initiation, planning, execution, monitoring, and closure. It emphasizes upfront planning, documentation, and prioritization. But, the agile Project Management approach focuses on software development, teamwork, collaboration, and flexibility to respond to changes.

To help you understand further, below is a small table highlighting all the points for traditional project management vs. agile -

Characteristics	Agile Project Management	Traditional Project Management
Structure of Organization	Iterative	Linear
User Requirement	Interactive input	Clear before implementation
Clients’ Involvement	High	Low
Project Scale	Small and medium	Large scale
Development	Evolutionary delivery	Life cycle
Product Process	Less focus on the directive process	More focus on the directive process
Model Preference	Agile model	Traditional model
Review and Approval	Review after each iteration	Excessive review and approvals by the leader

Question 4

How to earn the Project Management Professional (PMP) or CAPM (Certified Associate in Project Management) certification?

Accepted Answer

The specialized credentials - Certified Associate in Project Management (CAPM) and Project Management Professional (PMP) are globally recognized and offered by the Project Management Institute (PMI). The certification gives you a professional advantage and substantially benefits your salary. According to the PMI salary survey, PMP project managers earn 20% more than the average salary. To clear the exam for these certifications, aspirants can take the help of preparatory courses offered by various EdTech companies. These courses offer hands-on and comprehensive training. Practicing through such courses increases the chances of gaining the certification.

Here are some of the best preparation courses

Question 5

What is the eligibility to become a project manager?

Accepted Answer

To become a project manager, you need a bachelor's or master's degree in management, business, or a related field. Also, you must hold a professional certification like CAPM OR PMP and some work experience. The project manager must hold relevant skills and experience to manage the project and timeline comfortably.

Some required skills for the project manager are provided below

Critical thinking
Analytical skills
Problem-solving skills
Good communication and negotiation skills
Time management skills,
Ability to monitor and control budgets.

Once you gain experience of a few years, you can expect to have career paths that are as mentioned below

Project Manager
Program Manager
Project Director
Delivery Unit Head
CEO (Chief Executive Officer).

Question 6

How to become a project manager with no experience?

Accepted Answer

According to various types of research, by the year 2027, there will be a requirement of 22 million project managers (33% increase), proving it to be a demanding career option. Thus, it is one of the great careers to get started with. Even the salary package is better than many other careers as it is currently $116,000 in the US and ₹15 lakhs in India.

So, if you want to become a project manager but have no experience, you can enroll in training courses, get certified, and get entry-level jobs as a project coordinator. You can explore certification courses through The Linux Foundation, Udacity, Coursera, etc.

Question 7

What are the qualities of a good project management professional?

Accepted Answer

There are several traits that effective project managers share that boost their overall success in leading and managing projects and teams.

Below-mentioned are the top eight project manager traits that successful professionals have -

Leadership
Communication skills
Problem-solving
Delegation skills
Enthusiasm
Integrity
Competence
Team building.

Furthermore, they do not just have soft skills but also need to have technical skills like -

Planning and forecasting
Risk management
Budgeting
Tracking and monitoring,
Project management methodologies.

Finally, you must know about the required tools and technologies, such as -

Gantt charts
FDD
DSDN
Kanban
Jira
Trello
PRINCE2
PERT

Question 8

Which are some top employers hiring project management professionals?

Accepted Answer

There are various reasons the businesses need project management professionals:

Realistic planning of the project
Clear goals and focus on noticing potential risk factors
Alignment of projects with business strategies
Breakdown of the project into more manageable pieces
Offer deliverable quality
Reduced project cost after improving efficiency and optimization of resources

Because of this need, various top companies seek skilled and experienced project management professionals. Some of the best companies hiring project managers are -

IBM
Capgemini
Deloitte
Accenture
Amazon
Infosys
Microsoft
Genpact, etc.

The average annual salaries for a project manager are better than any other role in the IT industry, i.e., $116,000 in the US and ₹15 lakh in India.

Project Management

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