HOW EXECUTIVE EDUCATION CAN HELP YOU BUILD A CAREER IN IN INDIA

Uncertainties, rapidly changing technology, and the increasing focus on sustainability has driven many organisations to develop specific methods for managing projects. Hence there is a great demand for highly qualified professionals who can manage those projects efficiently from start to the end. 1. The Importance of Project Management Project Management is a practice of planning, initiating, executing, and controlling a project. It is the act of managing all aspects of a project, from team to tasks to tools. The importance of project management can’t be overstated. If done right, it helps every part of the business run more smoothly With the right project management practices and techniques, project managers can: • Define what tasks need to be completed, when and how • Classify who is responsible for which task, • Monitor and track progress, • Gain project stakeholder’s confidence • Log the potential risks • Predict the impact of possible outcomes • Predict how the risks can be handled • Determinehow funds will be utilised and expanded overtime etc. In all, PM methodologies can revolutionise the way your team works. It will help you deliver quality projects within the right time and budget. This means happier stakeholders, satisfied customers, better ROI, and a more fulfilling workforce. With the importance of project management only growing, the need for skilled project managers has never been more crucial and demanding. According to the talent gap analysis by Anderson Economic Group (AEG), project management-oriented labour force in seven project-oriented sectors is set to grow by 33% and create nearly 22 million new jobs by 2027. Employers will need nearly 88 million individuals in project management-oriented roles with China and India representing more than 75% of the total project management-oriented employment. 2. The Evolution of Project Management All of mankind’s greatest accomplishments- from building the great pyramid to discovering a cure for polio to putting a man on the moon- began as project. Ever since there have been work endeavors that could be defined as “projects”, people have been using management tools and techniques. After all, without some form of planning, communication, and strategy, nothing can be effectively accomplished. However, it is said that the concept of Project Management evolved in the field of engineering first in the 1950’s. The two forefathers of project management Henri Fayol and Henry Gantt build the foundation of Project Management as we know it today. Based on their methods of breaking down work into smaller tasks and the proper allocation of resources, modern theories evolved, and the concept of Project Management grew and expanded in almost all fields. Later the constant development and increasing popularity of computers- changed the way we worked. Every task was being done faster and the projects were been completed in much less time than before. 3. The Need for Upskilling to Maintain Employability Project management practice is essential for both small and big projects. It is a crucial component for every kind of business. Therefore, organisations are constantly looking for project managers who are skilled and experienced. The demand for project managers in India is at an all-time high. As per reports, against an annual requirement of 400,000, only 35,000 professionals have the right knowledge and skill in project management.[2] Such statistics indicate the increasing need for upskilled project managers in India. PMI reports that “India will require 70 lakh, new project managers, in next ten years and will emerge as the fastest-growing country in the world when it comes to project management-oriented employment”. Therefore, it is essential for aspiring professionals to be skilled in this section. A workforce skilled in dealing with multiple projects while using resources optimally is a boon for any organisation. Key points: • Project management deploys knowledge, skills, tools, and techniques to deliver quality projects. • Project management professionals have to use a variety of tools, techniques, and approaches to meet the needs of a project. • Upskilling the workforce and empowering a new generation of talent with project management skills will help bridge the talent gap. • 4. How Does Executive Education Help? Executive education is an excellent tool to bridge the Project Management talent gap. • Executive programmes are distinct from regular management degree courses. The focus of the programme is around case-solving and building on the core skills with practical industry scenarios. The rationale behind all these programmes is to enrich the existing skillsets of the working professionals and prepare them for the evolving market scenarios. • Executive development courses usually offer certification or a diploma on completion. It not only upgrades one’s resume but also helps business professionals to stay ahead in the curve of competition. • 5. IIM Kashipur’s ECPPM One such certificate program is IIM Kashipur’s Executive Certificate Programme in Project Management or ECPPM. Over the course of 5 months, the programme equips participants with contemporary knowledge, tools, and techniques to manage all stages of the project lifecycle. Delivered through an interactive learning platform, the certificate program in project management will enrich your understanding on the concepts and principles of project management and elevate your competency to deliver projects within the desired time and budget. To know more: https://timestsw.com/course/iim-kashipur-executive-certificate-programme-in-project-management/