What do you consider crucial for the success of any company?

When we discuss tech giants, the corporate world, or any successful startups, what drives their success?

Regardless of the shape and size, how does any company write its story of achievements?

It is a team of project managers who are responsible for executing the project from beginning to end, giving the product/services a successful launch.

The present digital era has made project management a lucrative career option worldwide. A project manager is responsible for every step of the project that includes initiating the project, planning, monitoring, coordinating, managing the involved risks, and delivering top-quality results. 

What if a candidate has gained a PMP (Project Management Professional) certification?

It serves icing on the cake.

PMP certification is rendered a gold standard in the world of project management. 

Research states that candidates with a PMP certification earn 25% higher salaries than those without a certification. The average annual salary of a PMP professional is around USD 116,000. 

The same research also indicates that there will be 2.2 million job openings for new project-oriented job roles that employers will need to fill by 2027. This implies that skilled and certified project managers are highly in demand across the globe. There are over 1,000,000 candidates who have earned a PMP certification and have acquired universally recognized knowledge.

There are nearly 1 million certified PRINCE2 professionals across the globe and it is strongly established as the world’s most practiced approach to project management. So, if you add a PRINCE2 certification to your resume, it can help you make a great career in the domain. 

So when we are facing a pandemic, and most of the professionals are working from home, this is the best time to upgrade your skills and knowledge by taking up a PMP certification course and getting certified.

This article will make you come across the skills you need to acquire in order to become a PMP or PRINCE2. 

What is PRINCE2?

Projects In Controlled Environments or PRINCE2 is a process-based method of constructive project management. PRINCE2 is entirely scalable, and when you use its most recent update to the framework, this implies that it can be more easily tailored to every project you lead. 

Did you know that 82% of project professionals state that PRINCE2 certification helped them upgrade their career to new highs? Many organizations have made the certification mandatory for project management job roles.

What is PMP?

PMP or Project Management Professional certification is a globally recognized credential for project managers offered by PMI or Project Management Institute. PMI is an American non-profit professional organization for project management. 

Due to the pandemic, work cultures across the world have been redefined. The companies are now looking to explore remote working models. Trained and skilled project managers are now imperative than ever for the successful execution of the project. The PMP certification lets you supercharge your project management skills and lets you work smarter.

PMP now conducts online project certification testing via live proctoring.  

PMP 2021

With effect from Jan 2, 2021, PMI has announced some changes in the certification format, and the new things you can expect are:

  • The test now gives equal importance to both the project management approaches, viz Predictive and Agile.
  • Earlier, there were five domains, namely project initiation, planning, execution, control, and closure.

Now, these are replaced by three domains, namely People, Process, and Business Environment.

So, the PMP certification is designed by the project professionals, for the project professionals, and proves that you are the best and highly skilled among:

 

  • People: focusing on the soft skills you need to acquire in order to efficiently lead a team in today’s evolving environment.
  • Process: strengthen the technical areas of managing the projects successfully.
  • Business Environment: this underlines the interaction projects and organizational strategy.

 

Top Skills Required For PMP/PRINCE2 Certification

 

  • Planning and Prediction

 

A good project manager chalks down a perfect plan for executing the project that includes required resources and timelines. Here you need to forecast the estimates and the time by which the project comes into closure and the product gets delivered.

 

  • Risk Management and Mitigation

 

Every project is associated with risks. These may include limited resources, very short duration assigned or shortage of budget. As a project manager, you should navigate as well as anticipate the risks to avoid them at the least possible time.

Quantitative and qualitative risk analysis techniques and predictive risk responses help monitor and control the risks associated with the project. If you gain an online PMP certification, you acquire risk analysis and management skills properly.

 

  • Budgeting

 

There are only 2.5% of projects that are successfully completed within budget. All the rest go over timelines, over budget, or both. Project managers are required to work within financial constraints as well as time constraints.

 

  • Tracking and Monitoring

 

Project managers are required to keep their fingers on the pulse of the project. You have to track performance and monitor every step so that it results in the successful completion of the project.

 

  • Leadership Skills

 

A project manager has to work with multiple cross-functional teams from different geographic locations working on the same project. A good project manager sets the entire vision for the project from starting in the right direction, monitoring the flow to achieve the goals, encouraging coordination and successful closure of the project. So, leadership skills are crucial for PMP.

 

  • Managing Time Constraints

 

Every project has timelines associated with it. Project Management is not just completing the project, it is completing the project on time. 

So, you need to be skilled enough to track the progress of every step’s completion on time.

 

  • Communication

 

The crux of any good relationship is excellent communication. A project manager is responsible for bridging the gap between consumers, stakeholders, and the teams, including management and technical teams. 

Apart from the skills discussed above, you are also required to acquire skills like all the project management methodologies, meeting facilitation, subject matter expertise, project management software, collaboration, time management, problem-solving, critical thinking, organization, and adaptability. 

Conclusion

How do you think you can acquire the skills mentioned above?

There are many online resources that can help you gain the skills and become a PRINCE2 certified practitioner. Just take up an online training course from an accredited online training institute, and rest assured. They will arrange the study material for you and offer job assistance as well. Get trained through industry experts and add PRINCE2 certification to your resume.

Enroll now!