Career scope in project management in india (Mumbai)

Career scope in project management in india

The business world has changed?evolved, actually, not just in a technological sense but in terms of how businesses are conducted in a fast-paced environment. Therefore, management becomes paramount in order to skilfully carrying out business tasks and making projects successful. Project Management, in short, becomes a flawless blend and proper balance of time, budget, quality, and meeting consumers? expectations to successfully execute a project. However, according to recent studies, around 67% of projects fail to succeed in organisations that undervalue project management goals as strategic competencies for implementing progression. On the other hand, in the next ten years, the demand for project managers will be at a peak as India would require more than 7 million professionals for this job role. Industry Paths for Project Managers: Project managers are required in almost all sectors, especially in today?s advancing and systematic business environment. Generally, these industries share a similar need for innovation and outstanding productivity. However, the roles and responsibilities of professionals vary accordingly. Project Management has become such a crucial aspect of businesses that the need for potential professionals will never cease to increase. Industries such as construction and engineering, finance, insurance services, information services and technology, healthcare administration, advertising, etc., and that is just the tip of the iceberg. Some of the booming industries that are in a dire need of project managers are better explained in the below figure: Salary Prospects in Project Management: According to a report published in 2020, the project management labour force is expected to increase around 33% by 2027 across eleven countries and industries. Keeping in mind the growing significance of potential project management professionals, it is needless to add that they bloom in salary aspects as well. In order to seize such great and never-ending opportunities, the right skills are paramount. As the work culture is evolving with digitisation, so must the professionals to bridge the skill gap. Mastering Project Management: Many factors must be considered to successfully plan and execute a project from initiation through closing. However, due to the skill gap that businesses are facing today, the demand for skilled professionals is more, but their availability is scarce. Even with formal training offered by traditional courses, the majority of project managers fail to be efficient. Professional knowledge along with a blend of the theoretical and practical aspects of project management is paramount. For this purpose, IIM Indore?s Certificate Programme in Project Management intends to upskill the professionals for career acceleration. The course endows the professional with an understanding of various tools and techniques to manage the project life cycle efficiently. Moreover, the programme?s extensive curriculum covers advance