Project Management

Importance of Project Management in Organisations

Whether or not we are aware of it, project management is a part of our daily life. It now encompasses completing difficult tasks at work and organising a birthday party at home or buying groceries off your to-do list.

However, managing projects is a difficult and complex undertaking. It necessitates a thorough comprehension of project planning, scheduling, reporting, and tracking and the significance of project management as well.

To become a successful project manager, you must thoroughly understand project management, your roles and responsibilities, and the significance of project management. In this article, you will learn about all these crucial aspects of project management, but let’s first start with the basics.

What is Project Management? 

Only 2.5 per cent of companies complete 100 per cent of their projects! This statistic is merely the result of poor project management.

Project management is a process which includes the application of different skills, methods, and tools to plan, organise, and manage different projects within specific parameters. It’s all about effectively managing your projects’ flow so that each one is completed on time.

There are many factors and variables to consider when starting a new project.

The role of a project manager is: 

  • Setting project objectives or goals
  • Preparing project elements
  • Providing quality control metrics to ensure the achievement of a high level

A team can finish a project that adheres to an established timetable, budget, and desired quality by using the appropriate methods, skills, and expertise in project management.

Although project management is frequently linked to the architectural, engineering, and construction (AEC) industries, almost any business can benefit from it. According to PMI, 87.7 million project managers are estimated to be needed worldwide by 2027. Simply put, every firm needs project management.

Benefits of Project Management 

The advantages of project management won’t go unnoticed when it comes to delivering a successful project outcome that meets or exceeds the expectations of your stakeholders.

Here are the top six benefits of project management for your business.

Oversee budgets and deadlines

Due to strict budgets and deadlines, it becomes more challenging for businesses to finish a project successfully. Since they are fundamentally intertwined, if any small component threatens one, the other will follow.

With the help of a committed project management team, organisations can develop the skills and resources necessary to develop a budget and timeline strategy that supports the project. Project management teams can manage strict budgets and constrained schedules by juggling resources and supplies with an efficient workforce. 

Boost productivity and overall output quality

To increase efficiency and project quality, project managers put forth a lot of effort to better define goals and streamline operations. Teams can more easily navigate the project and complete necessary activities with a clear roadmap, ultimately improving job quality and resulting in a high-quality outcome.

Reduce Project Risks  

Every project has several risks related to costs, schedules, and performance. Project managers serve their organisation by excelling in risk analysis, communication, and prioritisation. With a committed project management team, you may reduce risks before they cause long-lasting negative effects on the project.

Optimum resource use

Whether you are working on a simple task or a complicated project, misuse of resources can cause disaster. By using the appropriate project management technique, you can realise how to use resources to a project’s best advantage can be facilitated. 

For instance, a traditional project management method works well for large-scale projects, whereas an agile approach works best for small and medium-sized projects.

Strengthen Stakeholder Connections

When working with a range of stakeholders, from investors and executives to suppliers and vendors, it can frequently feel like there are too many cooks in the kitchen.  

Establishing a core project management team helps enhance communication with all parties concerned, manage shared risks, and strengthen a company’s relationships with all stakeholders. To ensure that the project outcome accurately reflects the objectives, a project manager must consider the demands and interests of all project stakeholders.

Boost Client Satisfaction

Each project is finished as per the requirements of the client. A project management team that manages a project effectively and produces high-quality products will significantly boost your clients’ overall satisfaction.

Gain a Competitive Edge

Your company probably operates in a competitive market with little or no room for error. Utilising the advantages of project management can help you stand out from the crowd by enhancing your output and interactions with clients and stakeholders.

What is a project life cycle?

The project life cycle is a four-step structure created to assist project managers in successfully guiding their initiatives from beginning to end. The project life cycle aims to develop an intuitive framework for project management.

What are the four stages of project life cycle?

  • Understanding the project’s objectives, top priorities, due dates, and hazards is important at this point.
  • During the project planning phase, list the tasks and deadlines that must be followed to complete the project.
  • Put your plan into action and keep an eye on project performance during the project execution stage.
  • Project completion: evaluate outcomes, compile important lessons learned, and plan subsequent actions

Best Project Management Tools & Software in 2022

  • Smartsheet
  • ClickUp
  • Teamwork
  • Wrike
  • Asana
  • Airtable
  • Zoho Projects
  • Zenhub
  • Jira

Highest Paying Project Management Jobs in 2022

  • Project Managers
  • Marketing Project Managers
  • Operations Managers
  • Project Management Office Managers
  • Project Quality and Performance Managers

How to Become a Project Manager in 2022?

You can get into general project management with any degree, although business or project management courses are particularly useful. However, subject knowledge is more important for more specific project management roles, so having a Bachelor’s or a Master’s degree will prove useful.

Gain professional experience

You can anticipate helping a lead project manager at the entry level before gradually taking charge of smaller projects or particular duties for bigger projects, such as budgeting or client relations. As you gain knowledge and experience, you could be able to oversee entire project teams. 

Earn a certification

Getting industry-recognized qualifications is the next step in starting your project management career. These credentials can help you stand out in the job market and demonstrate that you have the skills necessary to thrive in a project management position.

Continue your education

You can develop your project management career and prepare yourself for future leadership opportunities by furthering your education. If you want to pursue a career in project management and want to learn more about the subject, you must consider enrolling on an MBA program. 

An MBA in Operations and Project Management from Exeed College is an ideal program designed to prepare graduates or working professionals for upper-management positions, such as general manager, department manager, team leader, operations manager, and more. 

Project Management Certifications

The Best Project Management Certifications in 2022

Unbiased proof of project management knowledge and ability demands Project management certifications that equip you with the skills, knowledge, and experience necessary to succeed in any chosen field.

It demonstrates your high level of dedication and commitment to project management as a career. These certifications eventually make a project manager capable of handling a wide variety of challenges and preset tasks to help increase the flow of the business industry.

There are certifications available for every level of project management, from entry-level to advanced.

Highlighted below are some of the best project management certifications that will be in the year 2022.

Project Management professional 

Project Management professional (PMP) is one of the most recognized certifications globally. It is a test that covers everything that is needed to be proved in management. The major skills tested are cost, time and scope. Project management professional is supervised by its parent organisation, Project Management Institute (PMI®). 

A challenging course, it constitutes various modules to assist academia in recognising the weak spots within a project. As a result, the project manager can educate his or her team on how to complete the test sprint phase and eventually meet all of the milestones on the way to a finished product.

Certified Associate in Project Management (CAPM)

The Certified Associate in Project Management (CAPM) is part of the basic level IT Project Management Certifications. CAPM is also administered by the PMI®. It is a basic-level certification that’s lined up with plenty of learning and growth opportunities for beginners.

This being an  entry-level certification, there are not many requirements. Interested applicants with a high school diploma or equivalent 1,500 hours of project management experience can apply. 

Certified ScrumMaster (CSM) – Agile Project Management Certification

Certified ScrumMaster (CSM) certification allows the ‘certified professional’ to supervise a group of people who are responsible for working at the direction of the assigned product owner. The CSM also serves as a starting point/tipping point for basic level Scrum Practitioners who want to progress to the next level.

The Scrum Alliance, a globally recognized institute that was founded to promote an Agile mindset in the software industry, is affiliated with the majority of Scrum series certifications.

CompTIA Project+ Certification

CompTIA Project+ is yet another certification in the Project Management Certifications category. However, its requirements are slightly less stringent, and it has only a passing relationship with the computing industry.

It is safe to say that the CompTIA Project+ certification is on par with the Certified Associate in Project Management certification (CAPM). CompTIA Project+ is primarily concerned with gathering feedback from respondents, government representatives, and research institutes.

Agile Certified Practitioner (ACP) Certification

The Agile Certified Practitioner (ACP) Project Management certification is administered by the PMI®. This certification strictly adheres to Agile mindset businesses; primarily companies that believe in identifying core problems and then doing more with fewer resources. The term “agile” is a broad one.

The PMI instructors provide a brief overview of the Agile philosophy from the ground up. The certification then delves into a hands-on practical strategy in which different training modules are conducted to further equip individuals with Agile frameworks.

PRINCE2 – Projects in Controlled Environments

PRINCE2 is a higher-level certification in the project management certification chain. There are a few prerequisites that must be met before you can take the exam; otherwise, the governing administration will not allow you to take it. It simply means that you will be able to complete this certification after first completing a few basic milestones.

PRINCE2 Certified engineers are well-known in their respective fields. Organisations place high expectations on these individuals because they are well-versed in validating employees, core project management skills, concepts about the IT project management lifecycle – and, yes, business development tools.

Certified Project Director – CPD

CPD is a directorial level project management certification where not only is the exam difficult to take, but the accredited institute also has specific requirements to keep the CPD course valid. As a Certified Project Director, you must “maintain” your certification by completing a certain number of hours in field duty.

Similarly, training sessions for subordinates count as an extra plus point. CPD is divided into two categories: formal CPD and informal CPD. They should not be confused because a Formal Certified Project Director is a professional who has earned structured online education, a proper certificate, and supporting documentation.

Master Project Manager (MPM)

Master Project Manager – MPM is modelled for professionals who aim for greater productivity at the workplace. The MPM is primarily aimed at professional project managers, but it also assists professionals in technical and business management roles.

MPM certification can help you earn extra points as IT professionals who work in their companies’ project management domain. By defining and associating management and engineering teachings, it provides a simple but effective training environment for professionals with a technical background.

Associate in Project Management (APM)™

The Associate in Project Management (APM)™ certificate is an entry-level certification in the field of Project Management. 

It is an important globally recognized credential in the field of project management that demonstrates that the candidate has the required knowledge in the field confining to the entry-level of project management.  The exam comprises 50 Multiple Choice Questions out of which the candidate needs to score 70% (35 out of 50 correct) to pass the exam and the total duration of the exam is 1 hour (60 Minutes).

Certified Six Sigma Black Belt 

Certified Six Sigma Black Belt (CSSBB), is the next certification on the list. Yes, it has a fancy name, and that name comes with a nice fat paycheck and a slew of challenges. 

Another intriguing aspect of CSSBB is that it is not the only certification available in this tier. If you are not up to the challenge or do not meet the prerequisites, you can enrol in the Certified Six Sigma Green Belt program. This is a lower-level certification that serves as a stepping stone for those aspiring to the “Black Belt.” CSSBB is globally recognised and accredited by the ASQ institute. Aside from the CSSBB certification, the ASQ Body of Knowledge has 18 other certifications. 

Advantages of Project Management Certification

Project management certifications, which are frequently recognized globally, induct recipients into a global professional community and boost recipients’ credibility in the eyes of employers.

Those with a project management certification are better prepared to meet the demands of employers all over the world, have better career opportunities, and have a higher earning potential.

How to choose the right Project Management Certification

The best project management certification to pursue will be determined by a number of factors, including:

  • Career stage
  • Budget 
  • Timeframe
  • Format
  • Industry benchmarks
  • The extent to which the certification can be used in the current workplace
  • Desired level of specialisation
  • Current or desired workplace

Depending on your current needs and priorities, one of the project management certifications listed above will certainly get you where you want to go in your project management career.

7 Best Paying Project Management Certifications in 2020

You can never undermine the value of a certificate in project management because it update you as an individual, speaks better of oneself with an employer and also affect your earning power. One good thing about project management certification is that it is not limited to just a field. It helps in every business and managerial position undertaken.

The world is evolving likewise project management too. The value hidden in certifications is countless. You stay relevant and knowledgeable by these certifications. Certifications exist for every level of project management, from entry-level to the most advanced of all.

Highlighted below are 7 best paying project management certifications that will be in year 2020

  1. Project Management Professional (PMP)
  2. CompTIA
  3. Certified Project Manager (CPM)
  4. Master Project Manager (MPM)
  5. Professional in Project Manager (PPM)
  6. Certified ScrumMaster (CSM)
  7. Certified Associate in Project Management (CAPM)


Project Management professional (PMP) is one of the most recognized certifications globally. It is a test that covers everything that is needed to be proved in management. The major skills tested are cost, time and scope. Project management professional is supervised by its parent organization, Project Management Institute (PMI). PMI continues to work to ensure PMP’s relevance by collaborating with professional bodies and businesses.


CompTIA is an entry-level certification that teaches project managers project management frameworks so as to better manage projects. CompTIA teaches on project constraints, communication practices, and documentation protocols. CompTIA gets feedback from government, academia, experts and the IT industry to design the credential.

Certified Project Manager (CPM)

CPM is offered by International Association of Project Managers (IAPM). It is a good option for beginners because it is open to entry-level. It is for managers who want to see and use management techniques to manage projects. CPM as a globally recognized certificate aims to add value, help to plan, organize and implement projects.

Master Project Manager (MPM)

The American Academy of Project Management (AAPM) regulates Master Project Manager and it is for experienced managers. To qualify for this certification, manager must have at least three years of working experience in project management. It feeds manager with technical abilities.

Professional in Project Manager (PPM)

The Global Association for Quality Management administers Professional in Project Manager (PPM) as a certification. It is a middle level certification for interested individuals. It treats needed values of project management from mid-level to advanced level like communication, resource allocation, and crisis and risk management. No previous work experience is needed to get the certification.

Certified Scrum Master (CSM)

IT practitioners are not left out of project management themselves. Scrum alliance administers the certificate as the parent organization and they see to the use of scrum and some other practices. They also provide resources for development boasting of about 450,000 certified professionals worldwide.

Certified Associate in Project Management (CAPM)

CAPM is an entry-level certification prerequisite to PMP also administered by the Project Management Institute (PMI). Professionals opts for CAPM due to little experience on the job, no college degree or wants to take each certification one at a time and not all at once. The CAPM serves as the foundation for PMP. Previous project management idea is needed to qualify for the certificate.

Finally, ensure to match the specialty of the certificate with your working experience. To enhance your career, it is better to do PMP certification first and then an MBA in Project Management. Do not wait, Enroll Now!

Project Management Trends

Project Management (PM) Trends in 2020

There is, currently, a great transformation in major areas of life and Project management isn’t left behind. Project managers who have been in play for a while will tell how methodologies used in the past differ from what we use right now. Even with this, we haven’t fully arrived at where we want to be. The trends that will occur in 2020 are going to be massive. But what do these trends look like?

Automation and Artificial Intelligence (AI)

We seem to get massive invention or innovation year in year out, from electricity to mobile phones to internet and even now to Artificial Intelligence. I was watching WWE RAW televise a draw they fixed between Smack down and RAW. As much as I saw a couple of people working on it, I also saw a huge robot working around the room to contribute its quota. As results get announced, there were sad and happy moments. The most hilarious thing is the Robot also joined in all of the moods. Robot is a bit of Artificial Intelligence and it has shown how it will help every sector of life.

What Artificial Intelligence would do for Project management is to ease every work done. AI would be used to tailor a company’s service to the regular marketplace. This will interestingly aid decisions. Automation will be done using AI too.

As Machine Learning is a common family with AI, 2020 will see the Project management adopt machine intelligence to improve decision making, and make the everyday task go smoothly. Higher consistency will be achieved by using Artificial and Machine Intelligence.

Emotional Intelligence

As much as machines will take up more job roles from humans, they will, as a matter of fact lack the humanity to totally carry on. Emotional intelligence has been in play since the start of PM and must continue and further improve to set the best tone for PM marketplace. Social skills is a high ranked skill researched to be the most in-demand. In negotiating, show your tactful skills in relating, show your relational skills.

You are not a comedian and yes, it is true you might not get an appraisal for been the best emotionally, or for properly holding a negotiation. But you may consider yourself been inter-relationally equipped. This is going to be a necessary trend in 2020.

Improvised methodologies

When starting out as a standalone PM Company, you follow the normal methods and avoid breaking the rules. This is understandable because doing the normal which is not too good, is better than doing the unusual that might yield no result. As you go on, be sure to practice adaptability skill as only this would tell for how long you’d be in play.

Project Managers look for better and effective to do work so as to prepare for the future. To reduce cost and optimize productivity, new methods are constantly worked upon and this is not likely to change in 2020.

Remote teams

Working from your comfort somehow provides you the best environment. You don’t have to do with the everyday noise and pollution generally, defined terms and conditions, flexibility and time saving. The world is gradually swinging from the ‘9-5’ day job to a more flexible method. Expect to see more of this trend in 2020.


Kanban was introduced by Toyota as one of their major ways to organize work and improve the quality of work production. Surprisingly rather than unsurprisingly, Toyota became even better with this technique and other companies bought the idea. 2020 will see an even greater usage of the technique as it specifies deadlines, appoint new tasks and cancel existing ones, and even rate individual performance in projects.

Kanban provides efficient way of carrying out tasks and it ensures project keep going.

Data Analysis

Data analysis has proved to be a major part of our everyday life. It has taken ground in all spheres of life leaving no area untouched. It is little wonder why Data Analyst are been revered. For Project Management, data gathered are easily worked on to deliver result that helps team and business holders get insights into their business. For this to happen, managers must get loaded on data analysis and the usage of some of its tools like Power BI, R, Tableau and some others.

The trends are currently been used and would get even better in 2020. To be in a good shape, be vast and flow well with the trends.

Project Management Tools

Tools that will be very much of trends are;

Strategic planning remains the number one tool. It uses short term and long term planning to remain order to thrive and sustain, companies need to strategically plan.

Another tool is customer relationship management. You may think your customers are the best but CRM will identify. An excellent CRM helps managing project.

Other tools are bench marking, advanced analytics, supply chain management, customer satisfaction, and change management.

Project Priority Matrix

Priority matrix is a tool used for making decision by sorting tasks and this makes important tasks go through even when the unexpected, sudden and urgent comes up. It prioritizes what is important to help focus on the long term goals.

Tasks are placed into quadrants and dealt with by the quadrants they belong to. The 4 quadrants are

  • Important and Urgent
  • Not urgent and important
  • Not important and urgent
  • Not important and not urgent

MBA in Project Management

MBA provides professionals with better opportunities and even greater pay at work. In 2020, the number of people who will enroll for an MBA in Project Management will increase by 2% over the previous years. Companies and bodies want to know how quickly you can effect a task and an MBA will, to a reasonable extent, give an edge over others.

How you want your learning structured if you decide to do an MBA is left to you. Recent graduates usually love onsite learning where they compare their campuses to their former institutions. Professionals tend to stick with online learning which affords them the chance of studying while working.

With an MBA in PM, you have various career fields to choose from. The top jobs however are Project Management, Project Management Consultant, and Operations Manager. Subjects to be offered are risk analysis and management, project communications management, planning and resource management.

Post Graduate Diploma in Project Management

A PG Diploma in Project Management are programs made for student to get a quick idea about how to apply Project Management methods to professions. Project management focuses on resource management, office management, financial management and more. PGD helps students in developing their communication skills and how to manage time efficiently.

Project Management courses and certification

Best Project Management certifications are

CompTIA Project+, Certified Project Manager (CPM), Associate in Project Management (APM), Certified Associate in Project Management, Project Management Professional (PMP), Professional in Project Management (PPM), Certified Scrum Master (CSM) etc.