Why Project Management is known as a recognized and strategic organizational competence

‘At its most fundamental, project management is about people getting things done,’
– Dr Martin Barnes, APM President 2003-2012.

Before we understand, why project Management is known as a strategic organizational competence.

Let’s understand definition of project, project management and the phases of project management.

Project

Project is a temporary effort carries on creating a unique product, service or result. It defines start and end time. It also defines scope and its resources.

It is unique, transient endeavour which is undertaken to accomplish planned objectives but not routine operation. It includes set of tasks to achieve single goal. This is defined as outputs, outcomes or benefits. For example, software development for an enhanced business process, construction of bridge, expansion of sales into a new market.

The project seems to be successful if it achieves the objectives such as acceptance criteria within an agreed budget and timeline.

Project Management

The application of methods, process, skills and experience to accomplish the project objectives is called project management. It is a science of organising the components of new project, whether the project is product development, new service launch, or organising trip.

Phases of Project

1. Definition: Project manager defines the scope of the project, list of deliverables and the outcome of the specific activities. 2. Planning: In this phase, a project plan or project charter may be in writing and designing the outline of the work. The team should prioritize the project; calculate budget and schedule, and finding resources. 3. Execution: The project manager must know how many resources and how much budget to work with the project. Then manager will assign the resources and allocate budget to the teams. 4. Control: The Project manager will compare the status and progress of the project to the actual plan to perform the scheduled work. 5. Closure: Once the project is successfully completed and the customer has approved the deliverables, an evaluation takes place to highlight success of the project and learn from project history.

The information about project management induces on the areas such as integration, scope, time, cost, quality, procurement, human resources, communication, and risk management. All management is fretful with these.

But project management brings a distinctive focus shaped by the goals, schedules and resources of each project.

Thus the value of that focus is ascertained by the rapid, global development of project management as a recognized and strategic organizational competence, subject for training and education, and as a career path.

Importance of PMP Certification

The value and importance of PMP training and certification training is hotly debated among the project management community. The estimation and statistical evaluation of the Project Management certification by IT recruiters and corporate executives reports as an indicator of project success.