What is project management and why it is worth learning

We’ve all been in a situation like this: you were asked to do something at work and you had no idea how. After some Google searches (and deep breaths), he came to some conclusions, but it was still unclear where to start, who to involve, let alone how long it would take.

Project management is a way to bring order to this kind of chaos, by listing variables and defining steps to reach a goal. Sounds useful, right? And it’s enough for any professional.

But, for those who want to migrate to this area or go deeper, it’s not just a tool, it’s a beautiful opportunity. By 2027, there will be nearly 88 million project management professionals worldwideaccording to the Product Management Institute (PMI).

So, let’s see what project management is in more detail? In this article, we’ll also tell you what a project manager does daily and why we believe you should learn more about the subject.

What is project management?

Okay, but how does project management bring order out of chaos? Glad you asked. I’ll show you an official definition for us to understand this better.

The Association for Product Management (APM) defines project management as: “the application of processes, methods, skills, knowledge, and experience to achieve specific goals. Project management has final deliverables that are constrained to a finite time scale and budget.”

It’s like getting a group of friends together to buy a pizza on game night. There are several tasks and each one will assume one of them: the choice of flavors, the explanation of the game rules, the decision about the soundtrack. In addition, there is a budget (in this case, the pocket) and time for the activity to take place without disturbing the neighborhood.

But, unlike the scenario above, project management is guided by good practices. For this, there is the PMBOK ( Project Management Knowledge Guide, in free translation), a kind of bible of the profession, with the main guidelines of the market.

Project Management Examples

The cool thing is that you can use project management for pretty much everything! Here are some examples, just to illustrate:

  • Improve collaboration and integration between teams
  • Integrate a company’s data or communication channels
  • Develop software or a new feature for an app
  • Launch a new product on the market
  • Create an advertising campaign

Project life cycle

In complex situations, it’s easy to get everything out of order quickly, right? Therefore, there is the life cycle of a project. These are steps to be able to manage it with clarity…

The book Do the Work That Needs to Get Done, by Harvard Business Review, lists four phases, which can occur simultaneously:

  1. Planning: project mapping, including the definition of the problem, goals, and activities, understanding the deadline and budget.
  2. Construction: time to gather the team and understand the skills of each one, distribute the activities and close a schedule.
  3. Implementation: monitoring of budget and actions according to deadlines, always maintaining communication with everyone involved.
  4. Closing: project evaluation, understanding what can be improved, and feedback to the team.

Importance of project management for a company

Faster and faster changes, companies competing fiercely in the market… It seems that every day there is great news in the business sphere. But when the world got so crazy complex?

You see, there are a lot of reasons, but one of them is the increase in connectivity, which came to shake some structures and give rise to others. An example of this is the birth of the New Economy, which increased the race for innovation in organizations.

And, at this moment when change is one of the only certainties, project management is fundamental. First, if well-executed, it can be the stepping stone to a company’s success.

But also because organizations that develop these practices waste 28 times less money compared to others, according to PMI.

Therefore, some advantages of project management are:

  • Decrease in the possibility of failure
  • Increased quality of results
  • Resource optimization
  • Cost reduction
  • Deadline accomplishments
  • Increased employee engagement
  • Greater control of the process
  • Increased customer satisfaction

Agile methodology in project management

Chances are you’ve heard of agile methodologies. In a nutshell, they are practical to optimize processes, with a focus on continuous improvement and feedback. In this sense, there is a match between project management and this type of methodology.

Lean, Kanban, Scrum, and Smart are some examples of methodologies you can apply in managing a project. Read about each of them in this article.

What does a project manager do?

We are almost at the end of our adventure and you may be wondering: what is project management like daily? What does this professional do?

This is the time for you to know (who knows) your future routine. Among the functions of a project manager are:

  • Define why a particular project is needed
  • Raise requirements, resources, and deadlines
  • Plan activities and define people responsible
  • Examine and manage risks involved
  • Ensure the quality standard for the tasks
  • Motivate the team and others involved
  • Maintain communication with all parties
  • Coordinate work, monitoring progress, and individual deadlines
  • Ensure the project is within budget
  • Handle Changes and Manage Issues
  • Ensure results and established goals

main skills

A project manager can come from many different areas. But this does not mean that anyone can do this job, as it requires specific skills. After all, it is necessary to master technical skills, knowing methodologies, tools, and frameworks that will make everyday life easier.

In addition, to successfully manage projects, it is ideal for the manager to develop soft skills, such as leadership and communication,

Here are some examples of skills that a project manager should have:

  • Communication
  • Leadership
  • Organization
  • Negotiation
  • Team management
  • Time management
  • Risk management
  • Problems solution
  • budget management

There are a lot of skills, right? But you can calm down! It is possible to understand what project management is and how to do it in practice through training and complete courses, with current content and aligned with the demands of the labor market in the New Economy.

Reasons to learn project management

Are you in doubt whether to dive headfirst into this area? Here are some reasons to consider learning about project management, its applications, and best practices:

future profession

Come here, I need to tell you a secret, but stay between us. The project manager is a magnet for good results. Therefore, professionals specialized in this area tend to be increasingly sought after by companies.

Proof of this is some studies that came out about it. One of them, made by the World Economic Forum, lists the project manager as one of the professions of the future. It will have increased demand over the next five years.

And look at this other projection: it is estimated that, by 2027, the number of vacancies for project managers will grow by 33%. In Brazil, there will be 2 million professionals, making it the fifth country with the highest demand in the world, according to PMI.

good salaries

But it is not just for the future that he lives this career. At present, being a project manager pays off in financial terms.

The average salary is R$ 6 thousand, according to the Glassdoor platform. In the technology area, according to Robert Half, a project manager earns from R$ 11 thousand, reaching up to R$ 22 thousand.

variety of activities

You could see that managing projects involve performing tasks that are very different from each other, right? And that’s how it is.

If you like variety in your routine, this is a good career. As a project manager, you will do everything from gathering information to communicating with those involved, passing through the quality control of what is being produced.

Thinking about pursuing a career as a Project Manager or Manager? So, take this opportunity to decide your next steps: Conquer has released free classes on Project Management and other topics related to the New Economy. 

But, if you’ve already made the decision and want to qualify, secure your place now in our Project Management Training. In it, you learn about topics such as planning, innovation, team management, and budgeting. And also skills that traditional teaching doesn’t teach you, such as assertive and oratory communication.

With current content and a lot of hands-on, you receive mentoring from top-level teachers. They are professionals from recognized companies who live what they teach daily and share the best market practices

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