What Makes PMP The Most Sought After Project Management Credential?

project management

PMP is the most prestigious credential for project managers. It is issued by the Project Management Institute (PMI), which is a non-profit organization, the leader in the US and worldwide. PMI tests candidates on their knowledge of the Project Management Body of Knowledge Guide, the PMBOK. PMBOK is updated every 4-5 years by a highly competent committee of practitioners together with members of ANSI, which makes PMP certified professionals an expert on the latest project management practices. PMP online training aims at project managers who possess extensive experience in leading projects and want to attain PMP certification.

What is project management?

Project management is the set of practices, processes, methods, skills, knowledge, and experience to achieve project goals according to the project acceptance criteria within agreed parameters. It involves final deliverables that are constrained to a finite timescale and budget. It often needs a wide range of skills, including technical skills, people management skills and good business awareness. Thus, professionals are advised to go through training like PMP online courses and earn an industry-recognized certification like PMP to get noticed by employers across the globe.

Why is project management important?

Running projects requires expertise. Great project management ensures that the quality and objectives are met on time and on budget. Since projects can be complex and involve numerous stakeholders, project management is crucial to execute the project and keep everyone on the same page. According to PMI, organizations that follow project management practices are better at meeting budgets, staying on schedule and meeting quality standards.

  • Project planning

Project management is used to ensure that proper expectations are set around what can be delivered and by when. With proper planning, it becomes easier for project managers to estimate budgets and project delivery timelines. It also enables the whole team to work within reasonable bounds, and not unreasonable expectations.

  • Strategic alignment

While executing a project, aligning the project with a business strategy is crucial. Project management drives organizational strategy and allows project managers to oversee the planning and execution of a project.

  • Focus

By ensuring there’s a proper plan for executing the strategic goals, project management drives the timely accomplishment of tasks and enables teammates to remain focused on clear objectives.

  • Quality control

Effective project management helps project managers to outline deliverables and define their quality standards so that everyone knows exactly what they’re aiming for.

What is the role of project managers?

Project managers are the ones with excellent business acumen, which allows them to think beyond the basic skill set needed to manage a project and direct teams and team members to the finish line. At the end of the day, the project’s success or failure depends solely on the project managers’ capabilities. Some of the key roles of project managers are:

  • Resource planning

Resource planning is important to meet project deadlines, define the project’s scope and determine available resources. Project managers are responsible for evaluating the team’s or teams’ capabilities and optimizing the resources.

  • Organizing the team

Maintaining elaborate spreadsheets, long checklists, and whiteboards can be quite tedious. Project managers keep their team members first and develop clear, straightforward plans that stimulate them to reach their full potential.

  • Time management

When it comes to clients, meeting deadlines are non-negotiable. Project managers are the ones who drive the entire project towards its successful completion on time by setting realistic deadlines and communicating them consistently to their teams.

  • Budget management

Budget management is important for controlling project costs within the approved budget and delivering the expected project goals. Project managers review the budget and plan ahead to avoid massive budget overruns.

  • Customer satisfaction

One of the key responsibilities of project managers is to ensure customer satisfaction. Thus, they aim to maintain effective communication and keep their clients up-to-date.

  • Risk management

Risk management is another crucial part of project management. Efficient project managers know how to avoid risks or at least minimize their impact.

  • Managing reports and documentation

Project managers must know how to manage the necessary project documentation. They present comprehensive reports that include project requirements and projects’ history.

Benefits of getting PMP certified!

  • Global recognition

PMP is an internally-recognized project management certification that is also known as the gold standard for project professionals around the world.

  • Adds value to resume

Since it is the most valuable certificate program, PMP certification adds value to project managers’ resumes, helping them get noticed by top enterprises across the globe.

  • Updated knowledge

Apart from making their resume more attractive, this prestigious certification is known for helping professionals learn important skills and setting them apart from the crowd.

  • Better income

According to PMI, PMP certified professionals earn an average salary of $1, 08,000 per year.

  • Broader professional network

There are around 773,840 active PMP certification holders across the world. As a PMI member, professionals become part of this esteemed community.

Multisoft Virtual Academy, which is an accredited training partner of PMI, offers the best PMP online certification course that is conducted by experienced and certified instructors.

Summary:

This article gives an overview of project management and the role of project managers in the organization. It also explains the importance of earning the prestigious PMP certification.

About the author: Nisha Negi is a Technical Content Writer at Multisoft Virtual Academy. She writes blog posts and articles on various technical subjects. She is an experienced IT professional and bears immense knowledge of the latest technology. She stays current with all the ongoing and upcoming certifications. Her way of expression is contemporary and crisp.