Schools Training

5 Tips for Succeeding as a Project Manager

30 JAN 2015
Career Path : Administration

Networking MBA online

Congratulations! Your boss has picked you to lead the team in developing new commodities, goods or innovations. First and foremost you should know the difference between a program manager and a project manager. A program manager works on either semi-permanent or permanent programs within an organization. A project manager oversees the formation of an organization’s new product, which involves working on a deadline with a high amount of responsibility. To be a successful project manager, you need to plan out every step of your project from the beginning to the end. Training in five key areas will help you succeed in the implementation of your project.

Time Management

When managing a project, you will need to work out a timeline and set milestones and deadlines to make sure all goals are being met. Time management skills will help you remain focused on the goals of the project, which involves scheduling and planning activities for completion. A good project manager will understand and use the latest management technology to organize their project demands.

Cost and Price Management

Analyzing the costs is an important part of determining whether or not you will have enough resources to complete the project. You should have at least a basic understanding of how the existing program functions and how your project will make or break the organization’s structure. What are the human costs in time and money? Will your resources cost too much to consider purchasing them outright? What resources do you have? A good project manager will come up with projected costs of the project and communicate them to a supervisor.

Scope Management

Project managers need to think about the scope of their project before committing to any budget. Working out the scope requires knowing how the completed project will affect the organization and its customers. Every member of your team needs to be told what is expected of their role in their project and what is needed upon completion. In terms of scope management, a project manager must have the ability to articulate what the product will do, who the customer base is and why the project is needed in the first place. A good project manager will plan out what variables can be expected during each phase of the project.

Risk Management

An equally important skill set – and one which can potentially save a company money – is risk management. Project managers should be prepared for unforeseen circumstances at any or all stages of the project. A good project manager will set testing and quality standards as a part of preparing for the successful completion of their project.

Leadership Skills

Communication skills and the ability to delegate certain tasks are critical to the successful completion of your project. An online business degree offers courses that help you with leadership skills such as how to delegate tasks and communicate with a team regularly throughout a project’s timespan. Leadership means having control over the many different aspect of the project and ensuring that team members report to the project manager regularly. A good project manager also knows that leadership requires excellent listening skills. Listening to team members and contacts and actively participating in discussion will ensure your project’s success.

A good MBA online degree can help you gain these skills without sacrificing time away from the office. In fact, you are able to actively use the skills you learn immediately in your profession.