The Importance Of Project Management Competencies And Why They Are Important

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

Executive Summary Project management is the science of planning, organizing, executing, and managing the resources needed to achieve a specific goal. Effective project managers (PM) strategically facilitate the entire project management process to ensure the project’s success. To do this the PM must adequately meet the specific requirements (i.e., time, scope, quality, and cost) set forth by the project and its stakeholders. It is theorized that PM must possess a set of core competencies in order to successfully manage a project. Those competencies are development of project management knowledge areas, application of appropriate project management tools and techniques, understanding of the project

In this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.

Project management provides a strong foundation for developing the attributes needed to pursue high-level leadership roles, analytical positions, and many other areas within the business environment.

Larson, E.W. and Gray, C.F. (2012, p. 214). Project Management: The Managerial Process, 5th Ed. McGraw-Hill Learning Solutions. Boston, MA.

The Project Management Partners Competency Model was developed from the observable behaviours of successful, professional project managers in a variety of application areas. It provides a consistent, coherent structure for assessing the capabilities of current and prospective project managers. The Competency Model can be used to: • Guide a training needs assessment to help optimize the use of scarce training dollars by identifying gaps between job requirements and incumbent skill levels. • Perform individual competency assessments to evaluate current project managers or to screen prospective project managers. • Conduct an organization-wide competency assessment to ensure that the most

Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.

Favorable project management skills identified through the self-assessment were scope, cost, quality, people, communication, risk, project procurement, and general project management skills. Schedule management was border line where it could be viewed as

The purpose of this paper is to recommend that Project Management is a concept that focuses on the dynamic characteristics of a multi-facetted organization. In such a changing situation, effective communication is a characteristic that should be stressed and becomes the most important tool for the project manager and team members.

Project management is not only useful in the working environment, but it could also become great skills that can be used for all life projects that we do through out our life.

The focus of this research paper is to demonstrate the need for project management, identify the current and future trends within project management around the world, and discuss the effects of cultural differences on project management. Project management was first used in civil engineering and architecture projects but it soon spread to other industries such as the automobile and communication industries. After technological advancements, such as improvements in computer mainframes and softwares, project management softwares emerged to help manage complex projects. These programs along with locating and retaining the right type of talent within an organization becomes a crucial part of an organization’s structure and ultimately their success. Organizations must be able to assign the right people, with the right technical and soft skills, to the right project. Certification programs and in-house trainings are now available to help improve project managers’ technical skills, communication skills, and other soft skills needed to be effective/successful. There has also been an increased interest within organizations to reach a higher level of project management maturity. As businesses continue to expand and new opportunities in the market trigger the emerging of new companies, there is an increasing demand for project managers nationally and globally. Project management roles are expected to increase up to 28.1 million between 2010 and 2020.

The importance to teach project management skills through this course cannot be emphasized enough as it remains to be the most sought after expertise for organizations across the work force industry. The knowledge imparted through this course has influenced the ability to manage projects by introducing specific frame work customized to the project needs. As the coursework required analyzing projects from diverse industries, it provided an opportunity to assess the project cycle with respect to their individualized preferences. The projects evaluated included Government funded initiatives; NGO led projects as well as individual past projects that involved self-involvement. This process led to a detailed understanding of the diverse