Top 5 project management concepts you must learn in your Project Management Course Certification

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Top 5 project management concepts you must learn
in your Project Management Course Certification

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Top 5 project management concepts you must learn
in your Project Management Course Certification

•  Project Management is a discipline that involves
  planning, controlling, securing and managing of
  resources to achieve specified goals.
• The project requirements are met by applying
  knowledge, skills, tools, and techniques.
• The Project Management Course imparts this
  relevant knowledge and skills. It enables the
  candidates to ensure successful execution of the
  project within the deadline and proposed budget.
• Doing such courses accelerates your chances of
  getting hold of a high-flying job while the
  working professionals witness promotion and hike
  in salaries.

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1.      Decision making

• Initiation is the primary phase of any project.
  It involves analyzing the scope of the project
  and finding out whether the project is worth your
  efforts.
• It involves the formulation of strategies to
  achieve end goals.
• The process deals with addressing two important
  questions- what are you going to do and in what
  way youll perform the operations to meet the
  objectives.
• This phase requires effectual decision making,
  so it is essential to learn this concept during
  your course.

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2.      Project Scheduling

• Once the project has received thumbs up for
  execution, the next step involves digging into
  project details.
• Project scheduling involves defining the tasks,
  calculating the budget, identifying the resources
  required, defining acceptance criteria for
  testing and devising time frames for the
  execution of the project.
• A well-planned schedule facilitates the project
  manager to manage the resources, capital and
  operations efficaciously.

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3.      Resource Planning and Management

• The resource of a project includes available
  materials, people, equipment, time and knowledge.
  
• Usually, the organizations have limited resources
  and it is the task of a project manager to
  effectively plan and manage the resources so that
  the end goals are met.
• A resource allocation plan is also extremely
  important to manage the scarce resources.
• A well-defined plan leads to effective resource
  management. The project manager should also be
  ready for adverse situations and the resource
  plan should be flexible to changes.
• The Project Management courses teach the art of
  managing the resources and devising useful
  strategies to achieve the objectives.

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4.      Risk Management

• Risks are likely to occur in the course of the
  project but what lies behind the success of any
  project is effective risk management.
• It is about anticipating the risk and having a
  plan to tackle it efficiently whenever it arises.
  
• Risk management includes identification of risk,
  analysis of risk, and the monitoring and
  controlling of risk by adopting effective
  strategies.
• It is a vital skill that saves time, money and
  efforts of your entire team thereby increasing
  the possibility of positive events.

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5.     Quality Management

• The quality of deliverables is of utmost
  importance for the success of the project.
• Lack of proper quality control leads to defects
  in the deliverables, which in turn, leads to
  wastage of time and money that is spent on
  rework.
• Quality Management is a process whereby the
  standards or requirements of a project are
  established catering to the customers
  perspective.
• It is then ensured that the operations are going
  in accordance with the established standards.
• It is the task of a project manager to define the
  acceptance quality, and the quality of
  deliverables is then measured with respect to
  that.

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Summary

• Though there are a plethora of institutes that
  offer management courses, but pursuing course
  from reputed institute like MIT School of
  Distance Education enhances the value of your
  resume. The institute facilitates you to upgrade
  your skills via online mode so that you can learn
  at your own convenience. A PG Diploma Course in
  Project Management offered by the institute
  incorporates all the aforementioned concepts.