The Fourth Industrial Revolution is becoming more prominent day by day; we are witnessing a digital megatrend headed by technologies like artificial intelligence, virtual and augmented reality, the Internet of Things (IoT), and big data analytics, among others. Though there is a new dawn on the horizon with Industry 4.0, companies don’t seem to be keeping pace with the advancements happening. When it comes to managing projects in this digital age, project managers are required to possess new skills and focus on different areas. Digital literacy, creativity, and critical thinking are more sought-after skills in project management compared to the traditional ones like leadership, teamwork, and communication.
If you are seeking a career in project management, you may wonder what the best way to gain the right skills, especially those that can prove your worth in this digital world is. Well, you may not need to look further than a Project Management Professional or PMP certification. Administered by the prestigious Project Management Institute (PMI), the PMP certification demonstrates that you are efficient in handling any complex project and bringing them to successful completion. The credential is so much valued among organizations worldwide that people are seeking a PMP certification in Lucknow, Mumbai, Bangalore, and many other cities to land their dream job.
Now, is a PMP certification only beneficial for project managers? Aren’t there any other job roles one can pursue by achieving this certification? Fortunately, a PMP certification doesn’t only open your doors to a project manager role but other crucial designations as well. In this article, we will discuss some of those job roles and motivate you to pursue a PMP certification and climb up the career ladder.
Career Prospects Associated with a PMP Certification
There are a number of job roles in the field of project management. With a PMP certification, you can aim for some of the ambitious roles discussed below.
The most popular PMP career path that most professionals begin their journey with is that of a project manager. Such a professional is like a backbone of a project and handles all the five phases of a project management lifecycle – initiating, planning, executing, controlling, closing. They ensure that the team members have a clear understanding of the project goals and know what to do exactly. They assign different project responsibilities to different members based on their individual skills. Conflict resolution, risk management, and completing a budget on time and on budget are their priorities.
While you may associate a project manager handling one project at a time, a program manager is a strategic project-management professional who handles and coordinates various projects, products, and various other strategic initiatives of an organization. Evidently, there is more responsibility associated with this role than a project manager. Professionals working as program managers also analyze the business benefits of a program, supervise dependencies between projects, and build program-level plans to deliver successful outcomes. They also facilitate communication among the cross-functional teams of a program.
Project management consultant
Poor project management practices can cost companies losses worth millions of dollars. Those companies who want to enhance their project management capabilities and achieve strategic business goals often hire project management consultants to do so. They wear various hats like that of a planner, advisor, and project team leader to conceptualize and execute solutions that relate to process or quality improvements. They offer specialized skills and knowledge that help businesses make more informed decisions throughout the project lifecycle, right from the planning stage to closing.
PMO Leads are basically tasked with designing, energizing, and implementing PMOs within an organization. They are capable of sharing insights, imparting predictability, and striving towards the preservation of business value. They have a rich project, program, and product delivery experience which lets them go beyond what is present in status reports and make observations that are more organic in nature. PMO leads are also expected to be well-versed in conducting delivery assurance reviews, something that goes beyond the metrics to explore the factors behind the current trajectory of the project, product, and program delivery.
Project Portfolio manager
In contrast to project management and program management, PMI considers portfolio management as a way to bridge the gap between strategy and implementation. A project portfolio manager effectively balances the implementation of change initiatives with the potential ROI (return on investment). They work with various financial algorithms and models so as to align the projects to an organization’s strategic goals. Their responsibility also includes organizing data related to proposed and current projects and offering forecasting and business analysis for organizations looking to invest in new projects.
Apart from the job roles mentioned above, project management roles may vary according to the industry we talk about. A project manager’s career path will vary for a professional working in a financial industry than someone working in the IT industry. Overall, you can be confident that a PMP certification is worth your time and effort if you are seeking a managerial role in any industry. PMP-certified professionals are enjoying various perks along with impressive salary hikes and promotions. You too can be one of them.