Budgeting projects is crucial for a business and poorly managed projects are definitely a nightmare. The need for efficient project management, thus, is quintessential for businesses. Leading corporates have realised the need for an expert resource to overcome hurdles in running a successful project. Having said that, now almost every organization has started appreciating the need to hire a Project Manager.

With the greater dynamism and complexity of business & macro-environment, project management skills and knowledge have become a requisite across different levels of the organizational structure. This fact alone escalates the importance of Project Management as a skill that all professionals and business managers must seek for the time ahead. These skills are crucial to be able to successfully manage business projects for the sustained profitability and existence of organizations.

The Executive Development Program in Project Management for Senior Professionals from XLRI aims to provide a holistic view of Project Management that would not only cover modern tools & techniques, but also topics such as project governance, change management, financial aspects, project audit, and project performance assessment as well.

Some of the gains which can be derived out this program are:

1. Upon successful completion, participants will be awarded a certificate of completion from XLRI
2. Opportunities for peer learning in a group setting of high-experience professionals
3. Live & Interactive online classes for real classroom experience – Not recorded videos
4. Association with an industry collaborator to share current domain trends and contemporary practices
5. Separate modules for IT and Non-IT Project Managers. Pursue both custom modules for an additional fee of Rs.18000 + GST
6. Hands-on interface with project simulations & tools along with workshop on Project Risk Management

Here is a comprehensive list of modules covered under the Executive Development Program in Project Management for Senior Professionals from XLRI –

• Module 1: Basic Concepts & Applications of Project Management

1. What the Program is all about
2. Unique Challenges in the Project Management Environment
3. Tools and Steps in Project Planning
4. Frameworks for Project Management (Agile, PRINCE2, PMBOK)
5. CPM & PERT
6. Critical Chain Project Management

• Module 2: Project Modelling and Management with Applications in MS-Project

1. Project Management Simulation Exercise – Scope, Resources & Scheduling
2. An Introduction to MS-Project
3. Interpreting the output of an MS-Project Report
4. Applications to Technical Scheduling and Resource Scheduling
5. Resource Levelling
6. Tracking and Monitoring Project Progress
7. Modern tools for Project Management (TILOS, Bentley, SD BIM Modeling, RIB2)

• Module 3: Financial & Risk Aspects of Projects

1. Application of Financial Techniques for Analysis of Projects (NPV, IRR, Payback, Discounted Payback)
2. Earned Value Management, the PMI Standard, and the ANSI/EIA-748-B Standard for EVM Systems
3. Project Budgeting & Cost Control
4. Project Cost Estimation & Cost Reduction Strategies for Ongoing Projects

• Module 4: Workshop on Risk Assessment & Management in Projects

1. Financial Risk Assessment
2. Designing a Project Risk Management Plan (Risk Identification, Risk Prioritization, Risk Response, Risk Management Strategies)

• Module 5: People Management in Projects

1. Stakeholder Analysis & Management
2. Manpower Planning & Staffing in Projects
3. Managing Teams in Projects
4. Performance Assessment & Evaluation of Project Teams

• Module 6: Project Governance & Monitoring

1. Application of the ADKAR framework for Change Management
2. PMO Charters & Project Management Policies
3. Project Portfolio Management
4. Project Audits
5. Strategic Alignment & Business Case Development for Projects (An overall project assignment shall also be given)

• Module 7A: Custom Module A for Non-IT Professionals

1. Business Law Concepts for the Indian Project Management Scenario (Selected Concepts from Contract Law & Sale of Goods Law)
2. Industrial Relations & Labor Laws for Project Teams
3. Project Financing & Funding Alternatives
4. Project Recovery
5. Contract & Vendor Management
6. Procurement Strategies for Projects

• Module 7B: Custom Module B for IT Professionals

1. Software Development Lifecycle & Software Project Management
2. Deliverables Management in Software Projects – Software Maturity & Release Management, Technical Environment Management
3. Software Project Management Methodologies – Agile, Managing ERP Projects, Offshore Delivery Project Management
4. Project Planning, Resource Management, and Cost Estimation for IT Projects
5. Quality Control, Software Vendor Management, and Contract Management for IT Projects
6. Governance, Risk Management, and Change Management for IT Projects

So if you are responsible to set an expectation around what can be delivered, by when it can be delivered, and for how much, then project management skills become an imperative part of your CV. Enroll yourself for the Executive Development Program in Project Management for Senior Professionals from XLRI.

Planning, organizing, executing, and monitoring the proceedings of the team aimed towards specific goals, efficient project management is a vital requirement for a successful company. But the primary challenge of project management is to attain all project goals within the given constraints, such as the scope of the project, timely-delivery, expected quality and allocated budget. The second challenge is optimizing the allocation of necessary resources with a view to achieving the predetermined objectives.

Project management entails five necessary steps that are:-

• Initiating: Realising the need for project management and determining the nature and scope of the project.
• Planning: Dividing mini-goals among team members and planning how to tackle different aspects of the project.
• Executing: Deploying necessary resources and tools to execute those tasks in the most time-efficient and reliable manner.
• Monitoring: Closely viewing the executed tasks and constantly taking necessary actions to steer it towards that one final goal.
• Closing: Meeting all the predetermined goals and objectives and delivering the project to the respective personnel, while adhering to all the quality standards.

The Relevance of a Project Management Course in the Corporate World

Expertise in project management is a crucial attribute that all employers look out for during the recruitment process. Possessing abilities to tackle complex challenges of projects and meeting the deadlines paves way for better career opportunities and professional stability in this corporate realm. A project management course helps in harnessing the inherent skills of management along with industry-specific expertise.

Online Project Management Course: A Better Alternative!

Though there are plenty of project management courses in India that focus on different managing attributes, opting for an online course has been a popular and interactive option to acquire that knowledge. Over the past few years, a growing number of people have enrolled in various project management courses online to strengthen their abilities in this domain.

Following are some perks of taking up a project management course online:-

Flexibility

Online project management courses allow you to opt for a training module according to your convenience. You can choose flexible time schedules without hampering your day-to-day schedule.

Accessibility

One of the major benefits of going for an online project management course is that you can get access to all study material, anytime and anywhere. You are not confined to a fixed location to complete the training; all you need is your laptop and a stable internet connection to educate yourself about the multidimensional teachings of project management.

Cost Efficiency

It is often found that online courses are more pocket-friendly when compared to offline ones. There are several leading project management courses online offering fancy discounts and offers on their course packages.

Extensive Resources

Online project management courses have rich resources and extensive tools for you to better understand specific topics of management. These courses also provide several sets of dummy projects in order to deploy the resources and tackle its complexity.

From the development of software to the construction of a building, every project requires expert management in order to achieve the desired objective. Offering an additional portable set of knowledge, skills, techniques and tools, a project management course online certainly helps in successfully configuring complex organizational projects and delivering them with utmost efficiency.

More Information:

Skills Required For A Career In Project Management

Benefits of Building a Career in Project Management

How to Build a Thriving Career in Project Management?

The Pathway to a Thriving Career in Project Management

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