Project management certifications have claimed a place in every top IT certification list for years. That’s because project managers are important to IT operations of all kinds. Whether you are interested in becoming an IT project manager or just want to add project management to your list of soft skills, these five leading certifications will help you add to or boost those skills and, in turn, increase your value.
If there’s a single set of soft skills that’s been fixed on the IT radar for the past decade or so, to the point where it’s become almost as sought after and every bit as valuable as top-level credentials, it must be project management. Thanks in large part to the immensely popular and widely pursued Project Management Professional (PMP) certification from the Project Management Institute (PMI), this area has become an incredibly valuable merit badge for IT professionals of all stripes. That’s because it enhances and expands on the value of just about any other kind of technical credential.
Project management has everything to do with planning, scheduling, budgeting for, and then executing and reporting on projects of all shapes and sizes. In fact, anything and everything that IT does can be understood or handled as a project of some kind. It applies to one-of-a-kind activities that happen only once or very seldom (think hardware or OS upgrades or migrating from older to newer platforms or infrastructures). Ditto for a recurring series of activities that repeat regularly (think security patches, software updates or other regular maintenance tasks). Thus, project management is incredibly important and valuable to IT operations across the board.
According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], IT professionals who hold a PMP report median base annual salaries in the U.S. of almost $116,000. The top 25 percent of survey respondents report base salaries of at least $139,000. Depending on such factors as complexity and size of projects, location, fields of expertise (e.g., IT, construction or healthcare), and experience, salaries for some PMP credential holders can be much higher still.
Robert Half’s Technology & IT 2019 Salary Guide lists project management as a hot certification, with salaries varying slightly by technology area. It cites a salary range of $93,000 to $157,500 for project managers in application development environments. Project managers engaged in consulting and system integration roles can expect to earn $96,250 to $163,500 nationwide. This explains nicely why PMP appears in nearly every top 10 list of popular, targeted or most desirable certifications since the early 2000s. It’s no surprise that Robert Half also lists the PMP credential, along with Agile and Scrum certifications, as “highly valued technology certifications” trending up in the IT industry.
To provide you an idea of which project management credentials employers look for in prospective candidates, we conducted a quick survey on some popular job boards. Clearly, the PMP is the overall favorite and remains our No. 1 pick for must-have project management certifications. PMI’s entry-level project management credential, the CAPM, also made our top five. The CSM from Scrum Alliance, along with ASQ’s Certified Six Sigma Black Belt and Green Belt credentials, round out those picks. It’s also worth noting that job postings for project managers increased by 20 percent from 2018 across all project management certifications.
Certification | SimplyHired | Indeed | LinkedIn Jobs | LinkUp.com | Total |
---|---|---|---|---|---|
CAPM (Project Management Institute) | 593 | 718 | 1,187 | 381 | 2,879 |
CSM (Scrum Alliance) | 3,550 | 4,916 | 9,286 | 3,052 | 20,804 |
CSSBB (ASQ) | 998 | 1,231 | 1,817 | 848 | 4,864 |
CSSGB (ASQ) | 1,205 | 1,457 | 1,966 | 842 | 5,470 |
PMP (Project Management Institute) | 13,683 | 18,311 | 28,064 | 9,096 | 69,154 |
The same organization behind the more senior Project Management Professional (PMP) credential also backs the Certified Associate in Project Management (CAPM). In fact, the CAPM is properly considered a steppingstone credential for those who wish to attain PMP status by stages, rather than in a single giant leap. That’s why PMI describes the CAPM as a “valuable entry-level certification for project practitioners” that is “designed for those with little or no project experience.”
The PMP requires three to five years of documented on-the-job project management experience, depending on the educational background of each applicant. On the other hand, the CAPM requires only a high school diploma and either 1,500 hours of documented on-the-job experience (about nine months of full-time work) or 23 hours of project management classroom training prior to taking the exam. The education prerequisite can be met by completing PMI’s Project Management Basics online course which costs $350 for PMI members and $400 for non-members.
Nor does the CAPM require continuing education (which PMI calls PDUs, or professional development units) as does the PMP (60 PDUs every three years) to maintain this credential. To recertify, CAPM holders must retake the test once every five years.
The CAPM is one of a small set of entry-level project management certifications (including the CompTIA Project+) that IT professionals interested in project management might choose to pursue. Remember, though, that it is just a steppingstone to the PMP.
Unless you work in a large organization where a project management team is in place that includes junior as well as senior positions, the CAPM by itself is unlikely to provide a ticket to a project management job. However, it’s ideal for IT professionals for whom project management is a part-time job role or who want to grow into full-time project management.
Certification name | Certified Associate in Project Management (CAPM) |
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Prerequisites/required courses | High school diploma, associate’s degree or global equivalent, plus 1,500 hours of project management experience or 23 hours of project management education
Certification valid for five years; candidates must retake test to maintain credential. |
Number of exams | One (150 questions; 15 questions are unscored; three hours to complete) |
Cost per exam | Computer- or paper-based exams:
PMI member: $225 (retake $150) Nonmember: $300 (retake $200) Exam available in online proctored or center-based test (CBT) formats. Exam administered by Pearson VUE. |
URL | www.pmi.org/Certification/Certified-Associate-in-Project-Management-CAPM.aspx |
Self-study materials | PMI maintains a list of self-study materials on its exam guidance webpage, including the Exam Content Outline [pdf], sample exam questions [pdf] and the CAPM Handbook [pdf].
Numerous books are available, including: A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members) CAPM test Prep, Third Edition, by Rita Mulcahy, Sept. 2013, RMC Publications, ISBN-10: 1932735720, ISBN-13: 978-1932735727 CAPM/PMP Project Management Certification All-in-One test Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628 |
As companies seek to deliver more for less, many adopt Agile methodologies to streamline processes, build quality into products and ensure that final builds meet customer requirements. As Agile methodologies have become more popular, it’s no surprise that we see increased demand for IT practitioners qualified to manage projects in Agile environments.
While different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from the Scrum Alliance. This nonprofit encourages adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 500,000 certified practitioners worldwide.
The Scrum Alliance provides a support system for Scrum practitioners, including Scrum Gatherings, user groups, virtual communications, coaching, online training and much more. In addition to community and advocacy activities, the Scrum Alliance offers numerous Scrum-related certifications at the foundation, advanced, professional, elevated (guide) and leadership levels. Scrum Alliance certifications are designed for team members engaged in Scrum master, product owners and developer roles. The Scrum master and product owner tracks offer credentials at the foundation, advanced and professional levels which the developer track only offers a foundation and professional level cert.
For project managers getting started as Scrum practitioners, the CSM makes an excellent entry-level credential. Not only must candidates demonstrate an understanding of Scrum principles and values, but they’ll learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with multiple resources, plus checklists and information about the servant-leader role of the Scrum master.
Globally recognized, ASQ certifications attest to candidate expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. Currently, ASQ offers 18 credentials, three of which specifically target project management: the Certified Six Sigma Black Belt (CSSBB) (expert level), the Six Sigma Green Belt (CSSGB) (professional level) and the Six Sigma Yellow Belt (CSSYB) (entry level).
The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB aims at experienced practitioners who understand Six Sigma methodologies (including the DMAIC model), tools, systems and philosophies. CSSBBs can lead teams or manage team dynamics, roles and responsibilities.
The path to CSSBB certification is rigorous. In addition to passing a comprehensive exam, candidates must complete two projects that employ Six Sigma tools and processes, resulting in project improvement and a positive financial project impact. An affidavit is also required to attest to the veracity of the project. Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need only complete one Black Belt project.
CSSBB candidates are expected to demonstrate mastery of the ASQ Black Belt Body of Knowledge, called standards:
The CSSBB is valid for three years. To recertify, candidates must earn 18 recertification units or retake the exam.
Certification name | Certified Six Sigma Black Belt (CSSBB) |
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Prerequisites/required courses | Two completed projects with signed project affidavit, or one completed project with signed affidavit plus three years of experience in one or more areas of the Six Sigma Body of Knowledge |
Number of exams | One: computer-based (165 questions, 4.5 hours) or paper-based (150 questions, 4 hours) |
Cost per exam | $438 members, $538 nonmembers (retakes $338)
Exams administered by Prometric. |
URL | https://asq.org/cert/six-sigma-black-belt |
Self-study materials | ASQ maintains a comprehensive list of test prep materials, including training opportunities, question banks, interactive sample exams, books and other recommended references. |
The Certified Six Sigma Green Belt (CSSGB) by ASQ is a professional-level credential targeting experienced Six Sigma practitioners. Often, a CSSGB works under the direction of the more senior CSSBB or as an assistant. CSSGBs identify issues and drive quality and process improvements in projects.
To earn the credential, candidates should have at least three years of experience working with Six Sigma processes, systems and tools. The work experience must have been full time and compensated; an unpaid internship, for example, doesn’t count. In addition, work performed must have been in at least one of the Six Sigma Green Belt Body of Knowledge competency areas.
In addition to work experience, candidates must pass an test that tests their knowledge of the Six Sigma Green Belt Body of Knowledge. Currently, the Green Belt Body of Knowledge includes six competency areas:
Overall, this is an excellent credential for those who have some experience but are not quite ready to take on the roles and responsibilities of a Black Belt.
Certification name | Certified Six Sigma Green Belt (CSSGB) |
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Prerequisites/required courses | Three years of experience in one or more of the Six Sigma Green Belt Body of Knowledge areas
Experience must be a full-time paid position (internships do not meet the experience requirement) |
Number of exams | One: computer-based (110 questions, 4.5 hours) or paper-based (100 questions, 4 hours) |
Cost per exam | $338 members, $438 nonmembers; retakes cost $238
Exams administered by Prometric. |
URL | https://asq.org/cert/six-sigma-green-belt |
Self-study materials | ASQ maintains a comprehensive list of test prep materials, including training opportunities, question banks, interactive sample exams, books and other recommended references. |
The Project Management Institute (PMI) not only stands behind its Project Management Professional certification, it works with academia and training companies to ensure proper coverage and currency in the various curricula that support this and other PMI credentials. Boasting more than 500,000 global members and 750,000 PMP certified professionals around the world, PMI’s PMP remains one of the most prestigious project management credentials available. (Note: The PMP’s precursor, the CAPM, is covered in an earlier section of this article.)
That’s why you can obtain college- and university-based PMP training from so many institutions. It’s also why you may sometimes find PMP coverage integrated into certain degree programs (often at the master’s degree level).
The PMP credential is coveted by employers seeking the most highly skilled project management professionals. Developed by project managers, the PMP certification is the highest level offered in PMI certifications. It is designed to ensure that credential-holders possess the skills and qualifications necessary to successfully manage all phases of a project, including initiating, planning, scheduling, controlling and monitoring, and closing out the project.
PMP certified projects managers are also well versed and skilled in managing all aspects of the triple constraints – time, cost and scope. Employers depend on the skills of PMP professionals to manage budgets, track costs, manage scope creep, identify how changes to the triple constraints may introduce risk into the project, and minimize such risk to protect the project investment.
The standards for PMP certification are rigorous. Beyond passing a comprehensive exam, credential holders must first demonstrate and certify that they have the skills and education necessary to succeed in the project management field. Credential seekers should be ready to provide documentation for items such as education, projects worked on and hours spent in each of the five project management stages – initiating, planning, executing, monitoring and controlling, and closing out the project.
While it’s difficult to achieve, the rewards for PMP credential holders can be significant. According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition, PMPs in the U.S. earn an average of 23 percent more than their non-credentialed counterparts. The survey reports median salaries of PMPs in the United States at $115,000, as opposed to $92,000 for non-PMP certified project managers.
For those interested in program management or wishing to specialize in a project management area, PMI offers several interesting additional credentials:
The PMP remains a nonpareil certification for IT and other professionals whose responsibilities encompass project management. It is the standard against which all other project management credentials are judged.
It should be noted that, after meeting the prerequisites, candidates are also required to pass a rigorous exam. Candidates must obtain an eligibility ID from PMI before they can register for the exam.
Certification name | Project Management Professional (PMP) |
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Prerequisites/required Courses | Required courses: None
Prerequisite skills: Four-year degree, 4,500 hours in leading and directing projects, and 35 hours of project management education OR Secondary degree (high school diploma, associate’s degree or equivalent), 7,500 hours leading and directing projects, and 35 hours of project management education Note: Credential holders must earn 60 professional development units (PDUs) per each three-year cycle to maintain certification. |
Number of exams | One (200 questions, 4 hours) |
Cost per exam | Paper* and computer-based exams:
PMI member: $405 (retake $275) Nonmember: $555 (retake $375) *Paper-based test only available if candidates lives more than 150 miles from testing center or if testing center is not available in the country of residence and travel would provide an undue burden. Exam administered by Prometric. Eligibility ID from PMI required to register. |
URL | www.pmi.org/Certification/Project-Management-Professional-PMP.aspx |
Self-study materials | PMI maintains a list of training resources on the PMP test guidance webpage, including links to sample questions, the PMP test Content Outline [pdf] and the PMP Handbook [pdf]. Additional training materials (quizzes, publications, books, practice guides and more) are available from the PMI Store.
Numerous books are available, including: Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members) PMP test Prep: Accelerated Learning to Pass the Project Management Professional (PMP) Exam, Ninth Edition, by Rita Mulcahy; Feb. 1, 2018; RMC Publications Inc.; ISBN-10: 1943704040; ISBN-13: 978-143704040 CAPM/PMP Project Management Certification All-in-One test Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628 Practice exams: PMP test practice questions and Study Guide, Ninth Edition, by J. LeRoy Ward and Ginger Levin; June 28, 2018; Auerbach Publications, ISBN-10: 1138440299; ISBN-13: 978-1138440299 |
Project management is truly a white-hot area for both certification seekers and employers. Several other project management certifications are available, for general IT project management as well as software development project management.
Honorable mention goes to the Global Association for Quality Management (GAQM) project management certifications, such as the Professional in Project Management, Associate in Project Management and Certified Project Director. The Prince2 Foundation and Practitioner qualifications (featured in the 2017 top-five list) are also excellent credentials and worth honorable mention.
The CompTIA Project+ credential (featured in the 2017 top-five list and honorable mention in 2018) remains a well-known entry-level project management certification for those starting their project management careers. ASQ’s Certified Six Sigma Yellow Belt (CSSYB) is another entry-level credential worth exploring, particularly if you’re interested in eventually moving up to the more senior Green and Black Belt credentials.
Most graduate business, management and management information systems (MIS) programs offer project management training to students, and some offer certificate programs outside the project management organizations as well.
You’ll also find training and occasional certification around various project management tool sets. For example, some Microsoft Learning Partners offer courses on Microsoft Project, and you can find a dizzying array of project management packages on Wikipedia’s comparison of project management software page.
The CAPM and Project+ remain the best-known entry-level project management certifications, with the PMP as the primary professional target and capstone for would-be professional IT project managers. Don’t forget to consider PMI’s related certifications as well. For project managers seeking entry into the realm of Scrum, the CSM is the best entry-level cert for Scrum practitioners.
Project management and information technology (IT) have a complicated relationship. While it’s not exactly a core subject for related academic curricula, project management is something that touches deeply and directly on most IT activities. That probably explains why project management certifications command a constant presence among the top 10 top-paying certifications of interest to IT professionals over the past decade.
Given the incredible popularity and demand for project management skills and knowledge, it is no surprise that one can find commercial project management training courses to fit nearly every schedule and budget. But that doesn’t mean there aren’t good choices available for free training. In this article, you’ll learn about some of the best project management training systems and certifications to help you become a better IT manager.
An online education phenomenon is reshaping the training landscape as we know it. It’s based on free online training courses called MOOCs, short for massively online open courses. These are housed on open, high-volume, high-capacity, cloud-based training platforms, such as edX, Moodle and Udemy.
While monetization of training is possible on some of these platforms, a MOOC is supposed to be free for the taking. Organizations or institutions that offer such free courses can still charge fees for testing, certificates of completion and other add-ons, but the basic course materials remain free to all interested parties.
Here’s a list of some of the best project management offerings.
Professional instructor Vincent McKeown delivers a 10-module series of video lectures, each of which maps to a domain in the Project Management Body of Knowledge (PMBOK) for the Project Management Institute Project Management Professional (PMI PMP) certification. At just over five hours, the course is neither incredibly detailed nor extensive, but it does provide a useful orientation for those just getting started on the subject.
With more than 282,000 students having either taken or now taking this course, this MOOC has seen some serious traction to mostly positive reviews. The course contains three modules, covers 28 subjects and takes 10 to 15 hours to complete. While it doesn’t map directly to the PMP or other project management credentials, it does provide a useful introduction to the subject matter.
As a full-fledged MOOC delivery platform, ALISON offers a project management page among its course listings. In addition to the previous diploma item, it has courses about project management fundamentals, skills, resource management and a host of other topics.
Udemy courses are not always or even often free, but many are inexpensive. A search for project management on Udemy produces hundreds of courses. Most cost between $20 and $50 each, although we found many as low as $10 and a few on the high end at $200. A search on PMP produces more than 2,600 free and paid courses. You’ll spend a lot of time fiddling with the search engine to find what you want, but there are plenty of choices here.
EdX gets many of its project management courses via Microsoft these days. As a result, despite a huge catalog of offerings, many of the project management courses relate to Microsoft Project and Microsoft Project Portfolio Management (PPM). We did find a few project management courses from institutions such as the University of Adelaide, the Rochester Institute of Technology, the Australian National University and the University of Washington.
FYI: The best online project management software can help companies organize their work and monitor tasks big and small.
A search on MIT OpenCourseWare produces thousands of results for project management courses, many of which show a profound focus on engineering and business management topics. Nevertheless, there’s a lot of interesting stuff here that’s well worth trawling through for those seeking top-notch offerings.
ProjectManager.com has 30 guides designed to help you learn the basics of project management. Inside many of these guides are video tutorials that provide more information about their respective topics. You’ll need some time and willpower to stitch a curriculum together here, but there’s lots of good material available. The company also maintains a YouTube channel, where you can easily find training videos.
YouTube is rife with project management training videos. Searches on YouTube for “project management” or “PMP” produce hundreds of thousands of results.
The MOOC List allows you to execute a consolidated search for trainings available in the next 30 days. Most courses are offered with specific starting dates, so this database points only to relevant courses starting in the near term.
The Oxford Home Study Centre offers several project management courses that introduce candidates to the many aspects of project management, project life cycles and project management roles. A certificate is issued at the end of each course.
Saylor Academy has two project management courses: one in the business field and the other in software engineering. The first course requires 62 hours and covers the key elements of project management and its more technical details. The software engineering course totals 41 hours and presents subjects ranging from life cycle models to design quality assurance. Upon completing either course, you’ll receive a free certificate.
GoSkills pulls up 30 project management courses when searching for project management. These courses span basic frameworks, software programs and process control. Each course includes video tutorials along with tests and quizzes to help you prepare for project management exams and earn learning hours toward your certification.
Key takeaway: Various online platforms offer free training, lessons and certification prep for deeper dives into project management skills and practices. It’s just a matter of sorting through the available options to find the ones that appeal to you.
If you’re willing to spend a small sum of money, there are some appealing low-cost project management training options. For example, most Coursera courses are $49, and multicourse bundles are also available (such as UC Irvine’s Introduction to Project Management Principles and Practices). The Master of Project Academy offers numerous free online training courses for project management certifications, such as the PMP, CAPM, Six Sigma and Prince 2. However, for $397 per month, you can purchase an all-course bundle that includes all Master of Project Academy courses.
Like UC Irvine, many colleges and universities offer courses aimed at the PMP and related PMI certifications, such as CAPM and PMP add-ons for portfolio and program management, as well as other credentials for risk management, scheduling and so forth. These courses cost the same as other college courses and are taught in a similar fashion. That puts them halfway between low-cost/no-cost options and short-term, higher-priced intensive courses from traditional training outlets such as Global Knowledge, New Horizons and Learning Tree.
Hundreds to thousands of other offerings for project management training at higher costs are readily available around the globe. For PMP or other PMI certifications, there’s a whole network of partners that teach an official curriculum. Some are in academia; others offer purely commercial courses. All the biggest training companies offer PMP and related certification training, as do the major online training players (such as LinkedIn Learning, Simplilearn and Pluralsight).
Did you know?: Our project management software buying guide is designed to help small businesses find the right product for managing their operations.
Project management software is at the heart of most IT activities, including system design and development, deployment, and maintenance. All of these routine activities can also be characterized as projects – some of massive scope and duration, others more quick and evanescent. Indeed, that’s why project management skills and knowledge are in high demand among IT professionals in nearly every specialty and area of technical focus in that field.
The best project managers possess a great eye for detail and are highly organized. Masters of soft skills, they are clear, concise and effective communicators in both speaking and writing. These professionals are excellent problem-solvers and negotiators. It’s also helpful if they have an understanding of cross-functional areas – such as supply chain, HR and resource constraints; procurement; finance; and change orders – which may impact overall project outcomes.
As a project management professional, you’ll find no shortage of methodologies. There is no one “right” methodology, and the one you choose to practice will be influenced by factors like the type of project, industry sector and your business’s preference. When choosing project management training materials, look for courses that complement the methodology you want to practice.
These are some of the most popular project management styles and frameworks:
FYI: While project management is all about managing workflow, project resource management is about ensuring resources are being used efficiently.
Requirements to earn a project management certification are set by the individual certification provider and may include a combination of exams, specific training courses, and minimum education level or experience. The requirements to earn advanced certifications are generally more than those for entry-level credentials. For example, the Project Management Professional is one of the most highly prized certifications available. In addition to passing a rigorous exam, candidates must also possess a combination of education, project management education and experience.
CompTIA’s Project+, an entry-level certification, recommends that candidates have 12 months’ experience before attempting the exam. However, since this is a recommendation only, candidates can obtain this certification by sitting for the test regardless, which makes it the only one we found that is available without requiring additional training, education or experience.
In the table below, you’ll find information on obtaining five popular project management certifications. For more details, see our roundup of the best project management certifications.
Certification | Skill level | Exams | Education/experience |
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CompTIA Project+ | Entry | 1 | 12 months’ experience recommended |
Certified Associate in Project Management (CAPM) | Entry | 1 | High school diploma and 1,500 hours of project experience or 23 hours of project management education |
Certified ScrumMaster (CSM) | Entry | 1 | Two-day, fee-based training course |
Project Management Professional (PMP) | Advanced | 1 | Four-year college degree, 4,500 hours leading and directing projects, and 35 hours of project management education or CAPM certification or High school or associate’s degree, 7,500 hours leading and directing projects, and 35 hours of project management education or CAPM certification |
Certified Six Sigma Black Belt (CSSBB) | Advanced | 1 | Three years of experience in one or more of the Six Sigma Body of Knowledge areas, plus one completed project with signed affidavit or two completed projects with signed affidavits and three years of work experience |
Key takeaway: There are several types of project management certifications. Some are more difficult than others, and each one has its own requirements for candidates.
You don’t necessarily need an IT certification to lead projects in the field. However, obtaining an IT certification can help you gain more knowledge and skills for effectively managing projects and leading your team. Getting an IT certification can also result in a salary increase and make your résumé more appealing to employers.
If you believe an IT certification could be a good addition to your career, the first step is to choose the area in which you want to receive a certification; project management is hardly the only option. Below are more than a dozen of the best certification areas for IT professionals.
Start digging into the outlets and offerings that interest you most. When training is free, the only thing you have to lose is your time and energy. Thus, you can try things out and stop at any time if they don’t work for you. When it comes to paid training, we recommend looking at online reviews, seeking personal recommendations from people you know and trust, and requesting feedback from former course attendees or materials users to help steer you toward the right choice.
Shayna Waltower contributed to the writing and research in this article.
The certificate in Project Management will prepare students to be effective contributors and leaders in today’s contemporary business world. Project-oriented work makes up the bulk of managerial activity in today’s organizations with multi-dimensional and increasingly complex projects being the norm. This certificate program will be of interest/value to students and employees of all business functions as project improvement initiatives are prevalent in all business disciplines (finance, accounting, marketing, operations, MIS, etc.).
The free-standing Certificate Program is comprised of nine graduate credit hours consisting of MBA 616, MBA 695, and one of two electives: MBA 617 or MBA 665. Note that the nine credit hours do not include any prerequisites that must be satisfied for specific courses. Prerequisites have equivalent courses offered at the undergraduate level. Transfer hours may be used toward prerequisites but not toward any of the nine credit hours required for the Certificate Program.
MBA 616. Project Management for Professionals. 3 Hours. Project-oriented work makes up the bulk of managerial activity in organizations and consequently knowledge of project management principles is valued highly. This course offers a broad review of issues and approaches to contemporary professional project management useful for any MBA student and future manager. By focusing on the “PMBOK”, i.e., the body of knowledge as specified by the Project Management Institute (PMI), it also builds a foundation for students who wish to take the professional certification test for either the CAPM (Certified Associate in Project Management) or the PMP (Project Management Professional, which requires 4,500 hours of project management experience) certificates.* Prerequisite(s): MBA 611 and MBA 612.
MBA 665. System Analysis & Design. 3 Hours. Introduction to concepts and techniques for analyzing and designing systems. Appropriate activities will be performed and models created for the analysis and design phases of the development life cycle. Systems development project using a CASE tool. Prerequisite(s): MBA 660.
MBA 617. Business Process Improvement. 3 Hours. Study of the concepts and techniques of business process analysis and improvements as building blocks for all business improvement strategies, using a range of tools from simple process-mapping to computer-based process-modeling. Balancing technical/analytical and organizational/behavioral aspects of business process improvements are highlighted. The class will include a business process analysis/improvement project using a process modeling software. Prerequisite(s): MBA 611, MBA 612.
MBA 695. Individual Research - Project Management Experiential Application. 3 Hours. This certificate capstone independent study course requires the student to integrate/demonstrate project management theory and best practices with practical application by working on a real-world client project. Student projects are coordinated with the UD Center for Project Excellence. Students demonstrate through their selected project, their professional application of problem identification (systems analysis/business process analysis), project initiation, planning, execution, monitoring/control and closing. Students work with CPE teams or a student proposed project if approved by the course/CPE director.
*Note: PMI Certification Exams are administered/awarded by the Project Management Institute
Private mortgage insurance (PMI) is an insurance policy that protects lenders from the risk of default and foreclosure. Generally, if you need financing to buy a home and make a down payment of less than 20% of its cost, your lender will probably require you to buy insurance from a PMI company prior to signing off on the loan. Although it costs extra, PMI allows buyers who cannot make a significant down payment (or those who choose not to) to obtain financing at affordable rates.
One way to avoid paying PMI is to make a down payment that is equal to at least one-fifth of the purchase price of the home; in mortgage-speak, the mortgage's loan-to-value (LTV) ratio is 80%. If your new home costs $180,000, for example, you would need to put down at least $36,000 to avoid paying PMI. While that's the simplest way to avoid PMI, a down payment that size may not be feasible.
In addition, if the value of your home has appreciated to an amount that drops your LTV below 80%, some banks will allow you to submit a request to cancel PMI. However, in this scenario it is likely that the bank would require a professional appraisal to accompany the request, the cost of which is assumed by the borrower.
Another option for qualified borrowers is a piggyback mortgage. In this situation, a second mortgage or home equity loan is taken out at the same time as the first mortgage. With an "80-10-10" piggyback mortgage, for example, 80% of the purchase price is covered by the first mortgage, 10% is covered by the second loan, and the final 10% is covered by your down payment. This lowers the loan-to-value (LTV) of the first mortgage to under 80%, eliminating the need for PMI. For example, if your new home costs $180,000, your first mortgage would be $144,000, the second mortgage would be $18,000, and your down payment would be $18,000.
A final option is lender-paid mortgage insurance (LMPI) where the cost of the PMI is included in the mortgage interest rate for the life of the loan. Therefore, you may end up paying more in interest over the life of the loan.
Once you've had your mortgage for a few years, you may be able to get rid of PMI by refinancing—that is, replacing your current loan with a new one—though you’ll have to weigh the cost of refinancing against the costs of continuing to pay mortgage insurance premiums. You may also be able to ditch it early by prepaying your mortgage principal so that you have at least 20% equity (ownership) in your home. Once you have that amount of equity built up, you can request the lender cancel your PMI.
Assuming you stay current with your mortgage payments, PMI does eventually end in most cases. Once the mortgage's LTV ratio drops to 78%—meaning your down payment, plus the loan principal you’ve paid off, equals 22% of the home’s purchase price—the federal Homeowners Protection Act requires the lender to automatically cancel the insurance.
Scott Gaynor, CFP®, AIF®
KCS Wealth Advisory, LLC, Los Angeles, CA
Several ways exist to avoid PMI:
There are a few things to note about the above options.
With LPMI, the lender pays the PMI cost, but will most likely provide you with a higher mortgage rate. Also, LPMI does not get eliminated like PMI eventually does.
With a piggyback mortgage, buyers can use two loans instead of one (piggyback) to purchase a home. The first is a traditional mortgage loan. The second includes either a home equity line of credit or a standard home equity loan. The second loan covers the remaining amount to obtain the 20% down payment and usually has a higher rate.
Houzz Pro is a bit of a hybrid construction project management software solution. Its focus is on lead generation for small contractors or subs looking for individual projects, such as home improvement projects. However, it includes the basic tools you would need to offer proposals and manage orders, billing and invoices for landscapers, home builders and interior designers.
Perhaps the most valuable features are for lead generation. On Houzz Pro, you can create a profile to showcase past projects, get lists of Tested leads and reach out directly to leads to submit a bid on a project. Beyond the marketing features, you’ll find the cloud-based app lets you connect with your team and clients to offer transparency to all parties. Create proposals from templates, or make your own, set up a timeline so clients know when they can expect a finished product and deliver estimates and invoices—and accept payment through the app. You can also update to-do lists and track project progress in real time.
There’s a free trial available and you can use some of Houzz Pro’s basic tools for free, but the most value is from the high-tier plan for $399 per month. If you’re looking for tools without the marketing and advertising benefits, the mid-tier plan gets a discount from time to time—regularly it costs $99 per month, but goes for $49 per month for the first three months, so you can get more time with the software at a more affordable price.
One caveat to mention is that dissatisfied Houzz Pro customers are quick to post reviews. There are some good reviews for the service and software, but there are lots of negative ones, too. Not every user has gotten great leads, and many say that canceling a subscription can be difficult, at best.
Who should use it:
Small construction businesses that want more exposure, especially locally, and need an all-in-one marketing and project management tool. Users are limited in the low- to mid-tier plans, but they’re unlimited at the highest-priced plan, so keep this in mind when choosing Houzz Pro.
The MarketWatch News Department was not involved in the creation of this content.
Feb 15, 2023 (The Expresswire) -- [96 Pages Report] Global “Agile Project Management Tools Market” Growth Outlook Report 2023 provides a summary of effective business tactics, market share, and latest advancements of key companies. The research employs various methodologies and analyses to provide precise and comprehensive information about the Agile Project Management Tools Market. Furthermore, it furnishes a dashboard overview of the historical and current performance of the leading companies. The [Information and Communication Technology , Information Technology] Sector is Expected to Grow Significantly in the Next Few Years.
The Agile Project Management Tools market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR, this market is estimated to reach USD million in 2029. Ask for sample Report
Agile Project Management Tools Market report has been examined market Segment by Applications [Large Enterprises, SMEs], By Types[Cloud Based, On-Premise] and Regional Analysis for United States, Europe, China, Japan, India, Southeast Asia, Latin America, Middle East and Africa.
Who are the Leading Key Players Operating in this Market?
● Workamajig
● Monday
● Zoho
● Smartsheet
● Micro Focus
● MeisterTask
● BVDash
● Taskworld
● Teambition
● Ravetree
● Workfront
● Kitovu
● Project Insight
● Wrike
● Harmony Business Systems
And More…………
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Short Description of Agile Project Management Tools Market:
The Global Agile Project Management Tools Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2029. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
According to this latest study, the 2023 development of Third-Party Replacement Strap for Agile Project Management Tools will have huge change from earlier year.
The Agile Project Management Tools market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR, this market is estimated to reach USD million in 2029.
The report focuses on the Agile Project Management Tools market size, segment size (mainly covering product type, application, and geography), competitor landscape, accurate status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.
Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Agile Project Management Tools market.
Get A sample Copy Of The Agile Project Management Tools Market Report
What are the major Applications and Types, of Agile Project Management Tools Market?
The Agile Project Management Tools market is segmented by types, applications, key players, and region to get a closer look at the market threats and opportunities which will enable the buyers to make strategic improvements in their businesses.
On the basis of Product Type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
● Cloud Based
● On-Premise
On the basis on the end users/Applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Agile Project Management Tools for each application, including-
● Large Enterprises
● SMEs
Which regions are dominating the Agile Project Management Tools market growth?
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2018-2028) of the following regions are covered:
● United States ● Europe ● China ● Japan ● India ● Southeast Asia ● Latin America ● Middle East and AfricaEnquire before purchasing this report-https://www.industryresearch.biz/enquiry/pre-order-enquiry/21211681
Some of the key questions answered in this report:
● Which are the five top players of the Agile Project Management Tools market? ● How will the Agile Project Management Tools market change in the upcoming years? ● Which product and application will take a share of the Agile Project Management Tools market? ● What are the drivers and restraints of the Agile Project Management Tools market? ● Which regional market will show the highest growth? ● What will be the CAGR and size of the Agile Project Management Tools market throughout the forecast period? ● What is the current market size, what will the market size be in 2027 and what will the growth rate be? ● What are the challenges to grow in the market? ● What are the market opportunities and challenges faced by the key vendors? ● Who are the major competitors and what is their strategy? ● What are the barriers to entry for new players in the market?Client Focus:
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Agile Project Management Tools market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters 1.7, 2.7, 4.X.1, 7.5, 8.7, we elaborate at full length on the impact of the pandemic and the war on the Agile Project Management Tools Industry.
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Please find a more complete list of data sources in Chapters 11.2.1 and 11.2.2.
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Following Chapter Covered in the Agile Project Management Tools Market Research:
Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments (by type, application, region, etc.), including the definition, market size, and trend of each market segment.
Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.
Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.
Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.
Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.
Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.
Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.
Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.
Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), accurate development, SWOT analysis, etc.
Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.
Chapter 11 introduces the market research methods and data sources.
Reasons Why You Should Buy This Report:
● To gain an in-depth understanding of the Agile Project Management Tools Market ● To obtain research-based business decisions and add weight to presentations and marketing strategies ● To gain competitive knowledge of leading market players ● It gives a pinpoint investigation of changing rivalry elements and keeps you in front of contenders. ● It helps in settling on educated business choices by having total bits of knowledge of the market and by making inside and out an investigation of market sections.Purchase this Report (Price 3450 USD for a Single-User License) -https://industryresearch.biz/purchase/21211681
Detailed TOC of Agile Project Management Tools Market Research Report 2023 - Market Size, Current Insights, and Development Trends:
1 Agile Project Management Tools Market Overview
1.1 Product Overview and Scope of Agile Project Management Tools Market
1.2 Agile Project Management Tools Market Segment by Type
1.2.1 Global Agile Project Management Tools Market Sales and CAGR Comparison by Type (2017-2029)
1.3 Global Agile Project Management Tools Market Segment by Application
1.3.1 Agile Project Management Tools Market Consumption (Sales) Comparison by Application (2017-2029)
1.4 Global Agile Project Management Tools Market, Region Wise (2017-2029)
1.5 Global Market Size (Revenue) of Agile Project Management Tools (2017-2029)
1.5.1 Global Agile Project Management Tools Market Revenue Status and Outlook (2017-2029)
1.5.2 Global Agile Project Management Tools Market Sales Status and Outlook (2017-2029)
1.6 Influence of Regional Conflicts on the Agile Project Management Tools Industry
1.7 Impact of Carbon Neutrality on the Agile Project Management Tools Industry
2 Agile Project Management Tools Market Upstream and Downstream Analysis
2.1 Agile Project Management Tools Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.6.1 Labor Cost Analysis
2.6.2 Energy Costs Analysis
2.6.3 RandD Costs Analysis
2.7 Major Downstream Buyers of Agile Project Management Tools Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream
3 Players Profiles
4 Global Agile Project Management Tools Market Landscape by Player
4.1 Global Agile Project Management Tools Sales and Share by Player (2017-2022)
4.2 Global Agile Project Management Tools Revenue and Market Share by Player (2017-2022)
4.3 Global Agile Project Management Tools Average Price by Player (2017-2022)
4.4 Global Agile Project Management Tools Gross Margin by Player (2017-2022)
4.5 Agile Project Management Tools Market Competitive Situation and Trends
4.5.1 Agile Project Management Tools Market Concentration Rate
4.5.2 Agile Project Management Tools Market Share of Top 3 and Top 6 Players
4.5.3 Mergers and Acquisitions, Expansion
5 Global Agile Project Management Tools Sales, Revenue, Price Trend by Type
5.1 Global Agile Project Management Tools Sales and Market Share by Type (2017-2022)
5.2 Global Agile Project Management Tools Revenue and Market Share by Type (2017-2022)
5.3 Global Agile Project Management Tools Price by Type (2017-2022)
5.4 Global Agile Project Management Tools Sales, Revenue and Growth Rate by Type (2017-2022)
6 Global Agile Project Management Tools Market Analysis by Application
6.1 Global Agile Project Management Tools Consumption and Market Share by Application (2017-2022)
6.2 Global Agile Project Management Tools Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Agile Project Management Tools Consumption and Growth Rate by Application (2017-2022)
7 Global Agile Project Management Tools Sales and Revenue Region Wise (2017-2022)
7.1 Global Agile Project Management Tools Sales and Market Share, Region Wise (2017-2022)
7.2 Global Agile Project Management Tools Revenue and Market Share, Region Wise (2017-2022)
7.3 Global Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.4 United States Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.4.1 United States Agile Project Management Tools Market Under COVID-19
7.5 Europe Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.5.1 Europe Agile Project Management Tools Market Under COVID-19
7.6 China Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.6.1 China Agile Project Management Tools Market Under COVID-19
7.7 Japan Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.7.1 Japan Agile Project Management Tools Market Under COVID-19
7.8 India Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.8.1 India Agile Project Management Tools Market Under COVID-19
7.9 Southeast Asia Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.9.1 Southeast Asia Agile Project Management Tools Market Under COVID-19
7.10 Latin America Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.10.1 Latin America Agile Project Management Tools Market Under COVID-19
7.11 Middle East and Africa Agile Project Management Tools Sales, Revenue, Price and Gross Margin (2017-2022)
7.11.1 Middle East and Africa Agile Project Management Tools Market Under COVID-19
8 Global Agile Project Management Tools Market Forecast (2022-2029)
8.1 Global Agile Project Management Tools Sales, Revenue Forecast (2022-2029)
8.1.1 Global Agile Project Management Tools Sales and Growth Rate Forecast (2022-2029)
8.1.2 Global Agile Project Management Tools Revenue and Growth Rate Forecast (2022-2029)
8.1.3 Global Agile Project Management Tools Price and Trend Forecast (2022-2029)
8.2 Global Agile Project Management Tools Sales and Revenue Forecast, Region Wise (2022-2029)
8.2.1 United States Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.2 Europe Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.3 China Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.4 Japan Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.5 India Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.6 Southeast Asia Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.7 Latin America Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.2.8 Middle East and Africa Agile Project Management Tools Sales and Revenue Forecast (2022-2029)
8.3 Global Agile Project Management Tools Sales, Revenue and Price Forecast by Type (2022-2029)
8.3.1 Global Agile Project Management Tools Revenue and Growth Rate of Single actuator (2022-2029)
8.3.2 Global Agile Project Management Tools Revenue and Growth Rate of Dual actuator (2022-2029)
8.4 Global Agile Project Management Tools Consumption Forecast by Application (2022-2029)
8.4.1 Global Agile Project Management Tools Consumption Value and Growth Rate of Passenger Vehicle (2022-2029)
8.4.2 Global Agile Project Management Tools Consumption Value and Growth Rate of Commercial Vehicle (2022-2029)
8.5 Agile Project Management Tools Market Forecast Under COVID-19
9 Industry Outlook
9.1 Agile Project Management Tools Market Drivers Analysis
9.2 Agile Project Management Tools Market Restraints and Challenges
9.3 Agile Project Management Tools Market Opportunities Analysis
9.4 Emerging Market Trends
9.5 Agile Project Management Tools Industry Technology Status and Trends
9.6 News of Product Release
9.7 Consumer Preference Analysis
9.8 Agile Project Management Tools Industry Development Trends under COVID-19 Outbreak
9.8.1 Global COVID-19 Status Overview
9.8.2 Influence of COVID-19 Outbreak on Agile Project Management Tools Industry Development
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
Continue……….
Detailed TOC of Global Agile Project Management Tools Market@https://www.industryresearch.biz/TOC/21211681
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Sometime in the near future, the CEO of a large telecom provider is using a smartphone app to check on her organization’s seven strategic initiatives. Within a few taps, she knows the status of every project and what percentage of expected benefits each one has delivered. Project charters and key performance indicators are available in moments, as are each team member’s morale level and the overall buy-in of critical stakeholders.
She drills down on the “rebranding” initiative. A few months earlier, a large competitor had launched a new green brand, prompting her company to accelerate its own sustainability rollout. Many AI-driven self-adjustments have already occurred, based on parameters chosen by the project manager and the project team at the initiative’s outset. The app informs the CEO of every change that needs her attention — as well as potential risks — and prioritizes decisions that she must make, providing potential solutions to each.
Before making any choices, the CEO calls the project manager, who now spends most of his time coaching and supporting the team, maintaining regular conversations with key stakeholders, and cultivating a high-performing culture. A few weeks earlier the project had been slightly behind, and the app recommended that the team should apply agile techniques to speed up one project stream.
During the meeting, they simulate possible solutions and agree on a path forward. The project plan is automatically updated, and messages are sent informing affected team members and stakeholders of the changes and a projection of the expected results.
Thanks to new technologies and ways of working, a strategic project that could have drifted out of control — perhaps even to failure — is now again in line to be successful and deliver the expected results.
Back in the present, project management doesn’t always move along quite as smoothly, but this future is probably less than a decade away. To get there sooner, innovators and organizations should be investing in project management technology now.
Every year, approximately $48 trillion are invested in projects. Yet according to the Standish Group, only 35% of projects are considered successful. The wasted resources and unrealized benefits of the other 65% are mind-blowing.
For years in our research and publications, we have been promoting the modernization of project management. One reason we have found why project success rates are so poor is the low level of maturity of technologies available for managing them. Most organizations and project leaders are still using spreadsheets, slides, and other applications that haven’t evolved much over the past few decades. These are adequate when you are measuring project success by deliverables and deadlines met, but they fall short in an environment where projects and initiatives are always adapting — and continuously changing the business. There has been improvement in project portfolio management applications, but planning and team collaboration capabilities, automation and “intelligent” features are still lacking.
If applying AI and other technological innovations to project management could Improve the success ratio of projects by just 25%, it would equate to trillions of dollars of value and benefits to organizations, societies, and individuals. Each of the core the technologies described in the story above is ready — the only question now is how soon they will be effectively applied to project management.
Gartner’s research indicates that change is coming soon, predicting that by 2030, 80% of project management tasks will be run by AI, powered by big data, machine learning (ML), and natural language processing. A handful of researchers, such as Paul Boudreau in his book Applying Artificial Intelligence Tools to Project Management, and a growing number of startups, have already developed algorithms to apply AI and ML in the world of project management. When this next generation of tools is widely adopted, there will be radical changes.
We see these coming technological developments as an opportunity like none before. Organizations and project leaders that are most prepared for this moment of disruption will stand to reap the most rewards. Nearly every aspect of project management, from planning to processes to people, will be affected. Let’s take a look at six key areas.
Selection and prioritization are a type of prediction: which projects will bring the most value to the organization? When the correct data is available, ML can detect patterns that can’t be discerned by other means and can vastly exceed human accuracy in making predictions. ML-driven prioritization will soon result in:
Data analytics and automation startups are now helping organizations streamline and optimize the role of the project management office (PMO). The most famous case is President Emmanuel Macron’s use of the latest technology to maintain up-to-date information about every French public-sector project. These new intelligent tools will radically transform the way PMOs operate and perform with:
One of the most developed areas in project management automation is risk management. New applications use big data and ML to help leaders and project managers anticipate risks that might otherwise go unnoticed. These tools can already propose mitigating actions, and soon, they will be able to adjust the plans automatically to avoid certain types of risks.
Similar approaches will soon facilitate project definition, planning, and reporting. These exercises are now time-consuming, repetitive, and mostly manual. ML, natural language processing, and plain text output will lead to:
Practically overnight, ChatGPT changed the world’s understanding of how AI can analyze massive sets of data and generate novel and immediate insights in plain text. In project management, tools like these will power “bots” or “virtual assistants.” Oracle recently announced a new project management digital assistant, which provides instant status updates and helps users update time and task progress via text, voice or chat.
The digital assistant learns from past time entries, project planning data, and the overall context to tailor interactions and smartly capture critical project information. PMOtto is a ML-enabled virtual project assistant that is already in use. A user can ask PMOtto “Schedule John to paint the wall next week and allocate him full time to the task.” The assistant might reply, “Based on previous similar tasks allocated to John, it seems that he will need two weeks to do the work and not one week as you requested. Should I adjust it?”
Testing is another essential task in most projects, and project managers need to test early and often. It’s rare today to find a project major project without multiple systems and types of software that must be tested before the project goes live. Soon, advanced testing systems that are now only feasible for certain megaprojects will become widely available.
The Elizabeth line, part of the Crossrail project in the United Kingdom, is a complex railway with new stations, new infrastructure, new tracks, and new trains; it was, therefore, important that every element of the project went through a rigorous testing and commissioning process to ensure safety and reliability. It required a never-before-seen combination of hardware and software, and after initial challenges, the project team developed the Crossrail Integration Facility. This fully automated off-site testing facility has proven invaluable in increasing systems’ efficiency, cost-effectiveness, and resilience. Systems engineer Alessandra Scholl-Sternberg describes some its features: “An extensive system automation library has been written, which enables complex set-ups to be achieved, health checks to be accurately performed, endurance testing to occur over extended periods and the implementation of tests of repetitive nature.” Rigorous audits can be run at the facility 24-7, free from the risk of operator bias.
Advanced and automated system testing solutions for software projects will soon allow early detection of defects and self-correcting processes. This will significantly reduce time spent on cumbersome testing activities, reduce the number of reworks, and ultimately, deliver easy-to-use and bug-free solutions.
For many project managers, automating a significant part of their current tasks may feel scary, but successful ones will learn to use these tools to their advantage. Project managers will not be going away, but they will need to embrace these changes and take advantage of the new technologies. We currently think of cross-functional project teams as a group of individuals, but we may soon think of them as a group of humans and robots.
With a shift away from administrative work, the project manager of the future will need to cultivate strong soft skills, leadership capabilities, strategic thinking, and business acumen. They must focus on the delivery of the expected benefits and their alignment with strategic goals. They will also need a good understanding of these technologies. Some organizations are already building AI into their project management education and certification programs, and Northeastern University is incorporating AI into its curriculum, teaching project managers how to use AI to automate and Improve data sets and optimize investment value from projects.
When these tools are ready for organizations, how will you make sure your organization is ready for them? Any AI adoption process begins with data, but you must not fail to prepare your people as well.
Training AI algorithms to manage projects will require large amounts of project-related data. Your organization may retain troves of historical project data, but they are likely to be stored in thousands of documents in a variety of file formats scattered around different systems. The information could be out-of-date, might use different taxonomies, or contain outliers and gaps. Roughly 80% of the time spent preparing a ML algorithm for use is focused on data gathering and cleaning, which takes raw and unstructured data and transforms it into structured data that can train a machine learning model.
Without available and properly managed data, the AI transformation will never happen at your organization — but no AI transformation will flourish if you don’t also prepare yourself and your team for the change.
This new generation of tools will not only change the technology on how we manage projects, but will change completely our work in the project. Project managers must be prepared to coach and train their teams to adapt to this transition. They should increase their focus on human interactions while identifying technology skill deficits in their people early and work to address them. In addition to focusing on project deliverables they should focus on creating high performing teams in which members receive what is needed to allow them to perform at their best.
If you are seriously considering applying AI to your projects and project management practices, the following questions will help you assess your decision.
If the answer to all these questions is yes, then you are ready to embark on this pioneering transformation. If you have one or more “no” answers, then you need to work on flipping them to “yes” before moving ahead.
• • •
As we have seen, the application of artificial intelligence in project management will bring significant benefits, not only in the automation of administrative and low value tasks, but even more important, including AI and other disruptive technologies in your toolbox will in help your organization, its leaders and project managers select, define and implement projects more successfully.
The CEO in our story was once in the position you are in today. We encourage you to take the first steps toward this positive vision of future of project management now.
Sadiq Nasir, information communication technology practitioner and managing partner Netswitch, presented to the Regis Project Management Institute South Roundtable project managers on Jan. 25. Don Gier, associate professor in the Anderson College of Business and Computing Regis University, supported PMI Mile Hi Chapter volunteers and the guest speaker with session orientation/setup and webinar management.
Nasir’s presentation titled “Cybersecurity Considerations When Leading Projects” was an interactive discussion with attending project managers. He demonstrated that when leading projects, it is essential to consider cybersecurity to protect sensitive information and prevent data breaches. Nasir articulated how cybersecurity is a shared responsibility, not just for the IT teams. Therefore, every team member must have basic cybersecurity knowledge. From his presentation and the mock test during the discussion, project managers learned about:
About the Speaker. Nasir is an experienced IT practitioner and a technology entrepreneur with several years of experience delivering IT projects. As an IT professional he concentrates on cybersecurity, digital transformation, project management, and IT policy formulation. He has a wide range of experience working in the United Kingdom and Nigeria’s public sector.
He is a social innovator engaged in various community development projects. He is involved in developing and delivering a community-based cybersecurity education campaign via television, radio, and online. His objective is to raise awareness among the target audience to protect themselves and the organization where they work. He is also a co-founder of The Readers’ Hub. This nonprofit organization meets weekly and helps promote education and literacy through creative and innovative means in Northern Nigeria.
As an information systems researcher, Nasir has authored several information security conference papers. He recently wrote a book chapter on the “Web of Deceit”, an African multi-stakeholder perspective on cybersecurity and associated correlates in a COVID-19 pandemic era. Nasir is British-educated and holds a BSc and MSc. He also has an advanced certificate in project management.
Regis PMI South Roundtable. The Regis PMI South Roundtable is an affiliate of the PMI Mile High Chapter (pmimilehi.org), which has consistently been among the top 5% of chapters worldwide. Project Management Institute (www.pmi.org) is the leading professional association for project management and the authority for a growing global community of millions of project professionals and individuals who use project management skills.
The MarketWatch News Department was not involved in the creation of this content.
Feb 08, 2023 (The Expresswire) -- Project Management Software Market 2022 Report offers a Inclusive valuation regarding the competitive landscape of the Project Management Software market and includes a deep description of performance by top key global players (Desktop, Web-Based, Mobile, ) completing in the market. It offers an updates of business strategies including mergers, acquisitions, partnerships, R and D, product launch, expansion of production units, and collaborations adopted by these major global players.
Project Management Software Market Report 2023 is spread across 122 Pages and provides exclusive statistics data, and competitive landscape of Project Management Software Market in niche sector.
What are the Key Industry Development in Project Management Software Market?
Project Management Software Marketsize, segment (mainly coveringMajorType (, Single-Project Management Systems, Multi-Project Management Systems, Enterprise Project Management Systems, Performance-Oriented Project Management Systems, Knowledge-Oriented Project Management Systems, ,),End Users (, Desktop, Web-Based, Mobile,), and regions), accurate status, development trendsa and competitor landscape. Furthermore, the 122 pages report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. Also, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Project Management Software market.
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Which are the prominent Project Management Software Market players across the Globe?
● Along with this survey you also get their Product Information Types (, Single-Project Management Systems, Multi-Project Management Systems, Enterprise Project Management Systems, Performance-Oriented Project Management Systems, Knowledge-Oriented Project Management Systems, , ), Applications (Asana, Upland Software, Pivotal Software, Doist, Atlassian, Clarizen, Wrike, Workfront, Azendoo, Microsoft, Bitrix, Zoho, Redbooth, Airtable, ), and Specification. Detailed profiles of the Top major players in the industry:Desktop, Web-Based, Mobile,Project Management Software Market Effect Factor Analysis.
● Technology Process/Risk Considering Substitute Threat and Technology Progress InProject Management Software Industry. ● Project Management Software Market research contains an in-depth analysis of report complete data on factors influencing demand, growth, opportunities, challenges, and restraints, and Analysis of Pre and Post COVID-19 Market.What Overview Project Management Software Market Says?
● This Overview Includes Diligent Analysis of Scope, Types, Application, Sales by region, types and applications. ● Project Management Software Market, USD Forecast till Project Management SoftwareWhat Is Project Management Software Market Competition
● considering Manufacturers, Types and Application? Based on Thorough Research of Key FactorsProject Management Software Market Manufacturing Cost Analysis
● This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure. ● Political/Economical Change. with unexpected CAGR during the forecast period. ● Project Management Software Market size is expected to extent multi million by 2029, in comparison to 2022To Know How Covid-19 Pandemic and Russia Ukraine War Will Impact This Market- REQUEST SAMPLE
What are Industry Insights?
The Global Project Management Software market is expected to rise at a considerable rate during the forecast period, between 2022 and Project Management Software. In 2021, the market is rising at a steady rate and with the expanding adoption of strategies by key players, the market is expected to rise over the projected horizon.
What are the top key players in the Project Management Software Market?
● Desktop
● Web-Based
● Mobile
●
and more…
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Key Stakeholders:
● Raw material suppliers ● Distributors/traders/wholesalers/suppliers ● Regulatory bodies, including government agencies and NGO ● Commercial research and development institutions ● Importers and exporters ● Government organizations, research organizations, and consulting firms ● Trade associations and industry bodies ● End-use industriesMoreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of subjects market participants must be aware of to remain competitive.
Project Management Software Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2022 to Project Management Software, the reader can identify the footprints of manufacturers in the Project Management Software industry.
Project Management Software Market - Competitive and Segmentation Analysis:
As well as providing an overview of successful marketing strategies, market contributions, and accurate developments of leading companies, the report also offers a dashboard overview of leading companies' past and present performance. Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Project Management Software Market.
The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Project Management Software market. The report also covers monetary and exchange fluctuations, import-export trade, and global market
status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Project Management Software market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.
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Research Methodology:
Research report world follows a primary and secondary methodology that involves data based on top-down, bottom-up approaches, and validation of the estimated numbers through research. The information used to estimate market size, share, and forecast of various segments-sub segments at the global, country level, regional level is derived from the unique sources and the right stakeholders.
Project Management Software Market Growth rate or CAGR exhibited by a market certain forecast period is calculate on the basic types, application, company profile and their impact on the market. Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia, etc. Paid data sources include third-party authentic industry databases.
On the basis of product typethis report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
● Asana
● Upland Software
● Pivotal Software
● Doist
● Atlassian
● Clarizen
● Wrike
● Workfront
● Azendoo
● Microsoft
● Bitrix
● Zoho
● Redbooth
● Airtable
●
On the basis of the end users/applicationsthis report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
● Single-Project Management Systems
● Multi-Project Management Systems
● Enterprise Project Management Systems
● Performance-Oriented Project Management Systems
● Knowledge-Oriented Project Management Systems
● ●
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Target Audience of Project Management Software Market:
● Manufacturer / Potential Investors ● Traders, Distributors, Wholesalers, Retailers, Importers and Exporters. ● Association and government bodies.Project Management Software Market - Regional Analysis:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Project Management Software in these regions, from 2015 to 2029, covering
● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam) ● South America (Brazil, Argentina, Columbia etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)This Project Management Software Market Research/Analysis Report provide Answers to following Questions:
● How Porter's Five Forces model helps you to study Project Management Software Market? ● What Was Global Market Status of Project Management Software Market? What Was Capacity, Production Value, Cost and PROFIT of Project Management Software Market? ● What is the major industry objective of the report? What are the critical discoveries of the report? ● What are the TOP 10 KEY PLAYERS of Project Management Software Market? ● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Project Management Software Industry? ● On what Parameters Project Management Software Market research is carried out? ● Which Manufacturing Technology is used for Project Management Software? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? ● Which PLAYERS hold a LION’s SHARE in the Project Management Software Market? ● What is the market size and growth rate of Project Management Software Market by various segmentation? ● What are the Key Industry Development in Project Management Software Market?Get a sample PDF of report -https://www.marketgrowthreports.com/enquiry/request-sample/20142690
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
With tables and figures helping analyse worldwide Global Project Management Software market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Detailed TOC of Global Project Management Software Market Research Report 2022
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Project Management Software Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Project Management Software Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Project Management Software Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)
5 Global Project Management Software Market-Segmentation by Type
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6 Global Project Management Software Market-Segmentation by Application
7 Global Project Management Software Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Project Management Software Market-Segmentation by Geography
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Project Management Software Market from 2022-2029
10.1 Future Forecast of the Global Project Management Software Market from 2022-2029 Segment by Region
10.2 Global Project Management Software Production and Growth Rate Forecast by Type (2022-2029)
10.3 Global Project Management Software Consumption and Growth Rate Forecast by Application (2022-2029)
11 Appendix
11.1 Methodology
12.2 Research Data Source
Continued….
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Project Management Software Market Size: Overview, Share, Trends with Current Market Scenario, 2029
COMTEX_424086061/2598/2023-02-08T10:33:30
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