Keyword: Project management

Who is responsible for the strategy in the development of a project, for the organisation of tasks, for the fulfilment of deliverables, for risk analysis and problem solving? Obviously, the Project Manager is responsible for all these issues related to project management.
 

Certainly, the ultimate goal of the Project Manager is to overcome all barriers to transform an idea into a product or service. Therefore, we understand that the project is the mechanism that is put in place under the manager's responsibility to turn these objectives into realities.
 

The beginning of a project

We can compare project management experts to haute cuisine chefs: they have different ingredients and a team of professionals who, through their performance, will prepare a final dish. Thus, each ingredient contributes its value to a final product, which would be our project.
 

In this way, a chain of related processes is generated and, in each one of them, we obtain a result that will be the input for the next one. Continuing with the gastronomic comparison, if we want to cook a sponge cake, first we have to add the eggs, then the sugar, then the flour... Each step leads to the next and brings us closer to the final result.

Therefore, for the execution of the project we need three fundamental ‘ingredients’:
 

1. A concrete objective to achieve.
    
2. A limited time to achieve that objective.
    
3. A financial reserve that we have available to achieve the objective we want to achieve in the time we have available.
    

From success to failure there is only one person: the Project Manager.

Not having a Project Manager increases the chances of not achieving the objectives, wasting time and money for the company. However, finding qualified profiles nowadays is a challenge for organisations.
 

As the reports of the Project Management Institute (PMI), a benchmark organisation in the sector, indicate, the demand for qualified Project Managers is higher than the market supply. Do you see the opportunity?
 

Academic training in this discipline allows you to adopt a global methodological vision where you will be able to assess all the issues that influence a project. In this way, you will know the situation and will be able to act by prioritising needs and optimising available resources.
 

Therefore, when you do not have a methodological vision, you see the project as if it were a house from the front. You only see what is most immediate: you enter and discover the contents of the first room. As we go along, we find out what is going on and sort things out as they appear.
 

There is no planning and no prioritisation of what is important because we don't know what lies beyond. We only see doors leading to other rooms and so on until we find the exit door.
 

However, a qualified project management expert does not proceed in this way. By training in this area, you will understand that you must elevate yourself to have a complete view of the challenges in order to be able to analyse them and establish a plan.
 

In this way, you will be able to differentiate yourself from other unqualified professionals whose positioning in the labour market will be much more complex and whose results will probably be worse.
 

6 key concepts involved in project management

In this article we have addressed two key issues to increase the success rate of a project or, at least, to reduce errors as much as possible. These are: the figure of the Project Manager and the importance of training to have a methodological vision.
 

Finally, we are going to list six fundamental concepts that are part of every project and that, obviously, as a Project Manager you must know:
 

1. Objective: the scope is what we are going to deliver at the end of the project.
    
2. Time: this is the amount of time we have to deliver the result.
    
3. Cost: the economic investment needed to achieve that objective in that time.
    
4. Resources: everything we need to carry out the work necessary to achieve the result.
    
5. Deliverables: what we will obtain as a result of the work. Depending on the project, we may have a single deliverable or several.
    
6. Quality: is doing things as agreed with the client.
    

In short, with a suitable methodology you will have your projects under control at all times and in all circumstances. See for yourself that professional project management is based on organisation and common sense; and that you are in the right place to forge a successful career.
 

To achieve this, train with our Master's Degree in Project Management: to boost your strengths and your confidence to manage projects with confidence and rigour!