PMP Exam Prep Blog: EduMind Management: PMP Exam Training Online

Tuesday, 06 September 2016

The Future of Project Management Amidst Technological Advancements

PMP Exam Training Online

Project management is one of the oldest business practices that has gained significant importance despite the technological advancements. Project management is more than Gantt charts, graphs and heaps of paperwork. It demands project manager to contribute intellectually, emotionally and psychologically to complete a task successfully.

In the recent years, several businesses have witnessed steep changes in the field of project management. The evolving technical tools of the trade have contributed to the changes in Project Management Profession. This evolution has become an emerging trend and project managers must be prepared to take on the challenges with a fail proof project management plan.

Here is what the future has in store for those planning to enroll for a PMP exam training online / onsite.

Project managers partner with business analysts to drive more value

The emerging forces of the 21st century like mobile phones, social media, digital disruption and technological advances have made project management more complex. In order to stay up-to-date with these forces, the traditional roles of the project manager and the business analyst will be redefined. The two entities will work hand in hand to drive better business value. Project managers who are willing to move from a tactical role to a more strategic function will be greatly regarded by CIOs around the world.

There will be a clear line of demarcation between organizations that consider project management as project administration

Some organizations will treat project managers as project administrators thereby implementing rigid processes. These organizations will follow a top down approach on project management and rely much on the use of project management tools. On the other hand, there will be organizations that will offer more autonomy to a project manager and push him / her to take the leadership position. Such organizations will use the agile method of project management. Project managers must understand and learn the specifics of this method to outshine competition.

Project managers must turn into cultural change agents to nurture innovation

Project managers handling innovation driven projects must understand that creativity brings change and change management becomes a business necessity. Project managers who are responsible for digitally disruptive projects or innovative projects in any field must make cultural change management as part of the project plan and play the role of the change agent too.

Project management to re-segment by domain

The role of a project manager in a bio tech project will never be the same as that of the one in a construction project. No two domains are the same and the future will witness stronger segmentation of these domain-specific roles. Thus enrolling in an outstanding PMP exam training online to ace the exam must be accompanied by garnering sufficient domain knowledge too.

Despite the evolving technology, project management will continue to be the realm of every business organization. Emerging project managers should adapt to the changing needs of the project to taste success.

Posted by EduMind Management at 05:36

Labels: PMP Prep Classes, PMP, PMP Exam Training Online, PMP Training Online

Friday, 20 May 2016

Five Best Industry Sectors to Showcase Project Management Skills

While beating the conundrum of Project Management Triangle remains one of the way points to succeed as a Project Manager, PMP credentials are the pearls of any resume, outshining academics and achievements. The PMP Exam Training Online module is the final and best shot to achieve PMP Certification. The top five industry sectors where project management has made and will continue to make a huge impact are:

Energy Sector

The burgeoning population will drive the demand for energy to mind boggling levels. Global investments over the next 25 years are expected to touch a staggering 20 trillion USD. The pursuit of economical energy and lower carbon fuels will mean more mega projects tapping into unexploited reserves. Despite advances in alternate sources of energy, oil and natural gas will account for 60% of global energy consumption.

A whopping 55% of ongoing projects were found to have experienced overruns in cost and schedule. A properly managed project aligned with the company's objectives would have stayed out of the 55% circle. The slump in oil prices not with standing, the resilient energy sector will see countless projects to power the globe and project managers will hold the key to successful implementation of all projects.

Aviation

The five functions of management, according to Henry Fayol, appear tailor made to the aviation sector. Phenomenal growth is expected during the next 20 years, with addition of routes, flights and destinations to cover the increase in demand projected to touch the 7 billion people of the world. China, the U.S, India, Indonesia & Brazil will be the five fastest increasing markets during this two decade period. Project managers will be in demand in this industry that needs to run within the dimensions of time to stay relevant.

Healthcare

Projected to grow at around 5%, the healthcare industry will grow exponentially due to a global aging population, increased spending as a result of economic growth and better penetration of health insurance. With the pharmerging markets commandeering the projections pie chart, a very large number of new projects will be setup during this period by pharma majors, with reliance on project managers to man the cogs of project execution.

Construction

Robust growth is predicted as the construction sector bucks the trend and bounces back. A large number of project managers will be required to steer numerous projects without overruns in cost or time or compromising the quality and the objectives of the project.

Information Technology

IT was clearly the odd man among industries hit by the slowdown, progressing at the same frantic pace of development. The trend is expected to continue, driven by the growing needs in all sectors that are dependent on IT for applications and processes. Dynamic project managers will also be expected to manage a diverse workforce and align them with the objectives of companies.

Shortcuts to success, cuts short success

Project management has evolved from the simple Gantt Charts and the 14 principles of management to the present highly tuned system that has factored in all the metrics and parameters. The very act of a project manager seeking credentials is proof of commitment; sprint ahead in today's competitive world with the PMP.

Posted by EduMind Management at 00:55

Labels: PMP Boot Camp, PMP Certification Training, PMP Prep Classes, PMP, PMP Exam Training Online

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