Project Management, Eligibility, Top Recruiters, Job Prospects

A project is a temporary venture which begins and ends within a predefined time. Each project has its unique objectives, project plan, timescale, commitments, and budget. People from different teams are brought together to a specific group exclusively made to accomplish a particular project. A project life cycle goes through stages like Initiating, Planning, Executing, Monitoring, and Closing.

Basically, Project Management is a combination of various professional skills that are applied to complete the projects to achieve organizational goals. The study of project management is based on areas like Time, Cost, Quality, Human resources, Integration, Scope, Procurement, Communications, Risk management, Stakeholder management.


Top Colleges


Highlights

Areas of Specialization:

  • Business management
  • Construction Management
  • Real Estate Development
  • Sustainability
  • Transportation Management


Courses & Eligibility

CourseDurationEligibilityEntrance
MBA2 yearsCandidates need to possess a BBA/ Bachelor's degree or any equivalent with a minimum mark of 50% to pursue this course.CAT, MAT

Top Recruiters

  • Tata Consultancy Services (TCS)
  • IBM BTO Business Consulting Services
  • Oil and Natural Gas Corporation (ONGC)
  • Infosys
  • Reliance Industries Limited (RIL)
  • ITC Ltd.
  • HDFC Bank
  • Bechtel India Private Limited
  • Telford International
  • SGC India Private Limited


Admission Process

Admission for this course is normally done through the candidates' performance in entrance exams. Institutes select students through state-level or national level entrance exams. Some universities conduct their own entrance exams and also some institutions provide admission directly through the merit list. After the academic and entrance exams performance, selected candidates are called for a round of personal interviews and in some institutions counseling.


Syllabus

Year I:

  • Basics of Project Management
  • Project Identification and Selection
  • Project Planning
  • Organizational Structure and Organizational Issues
  • PERT and CPM
  • Resources Considerations in projects
  • Project Risk Management
  • Project Quality Management

Year II:

  • Value Engineering
  • Project Management Information System
  • Purchasing and Contracting for Projects
  • Project Performance Measurement and Evaluation
  • Project Execution and Control
  • Project Termination
  • Case Studies in Project Management


Skills Required

The skillset required for getting excellence in Project Management are:

  • Excellent communication skills
  • Critical thinking ability
  • Effective decision-making skills
  • Team Management skills
  • Problem-solving ability
  • Ability to create project schedules
  • Leadership qualities
  • Cost Management skills
  • Ability to meet tight deadlines
  • Technical knowledge
  • Creativity

 

Careers & Job Prospects

Job ProfileJob DescriptionAverage Salary Per Annum
Project leader
The Project Leader is responsible for the planning, coordination, requirements gathering, business analysis, specifications development, project planning, project monitoring, and project status reporting and system implementation of moderate to complex business solutions.
10 - 12 lakhs
Project ManagerThe Project Manager manages key client projects. Project management responsibilities include the coordination and completion of projects on time within budget and within scope. Oversee all aspects of projects. Set deadlines, assign responsibilities and monitor and summarize progress of the project.
12 - 15 lakhs
Project Analyst
A Project Analyst provides critical data support to a technical team. Research and analysis functions may include budget tracking and financial forecasting, project evaluation and monitoring, maintaining compliance with corporate and public regulations, and performing any data analysis relevant to project tasks.
5 - 6 lakhs
IT Project Manager
An IT Project Manager accomplishes information technology staff results by communicating job expectations; planning, monitoring, and appraising job results; coaching, counseling, and disciplining employees; initiating, coordinating, and enforcing systems, policies, and procedures.
10 - 14 lakhs
Project coordinator
A Project Coordinator work duties include maintaining and monitoring project plans, project schedules, work hours, budgets and expenditures. ... Ensuring projects adhere to frameworks and all documentation is maintained appropriately for each project. Assess project risks and issues and provide solutions where applicable.
2 - 4 lakhs


FAQs

Question:  What are examples of project management?
Answer:
  Project management is the science and art of organizing all the components of a project. For example, the launching of a new service, a marketing campaign, or the development of a new product project. Stages of Project Management are:

  • Planning
  • Initiation
  • Execution
  • Monitoring
  • Closing


Question:  What are the risks present in Project management?
Answer:
  There are some risks present in managing a project. Few of them are:

  • Performance, scope, quality, or technological risks
  • Environment and safety risks
  • Health risk
  • Schedule risk
  • Cost risk
  • Loss of support

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