1. Top 5 Project Management Concepts
You Must Learn in Your Project
Management Course Certification
Project Management is a discipline that involves planning, controlling, securing and managing of
resources to achieve specified goals. The project requirements are met by applying knowledge,
skills, tools, and techniques. The courses in Project Management impart this relevant
knowledge and skills. It enables the candidates to ensure successful execution of the project
within the deadline and proposed budget. Doing such courses accelerates your chances of
getting hold of a high-flying job while the working professionals witness promotion and hike in
salaries. However, the certification is valuable only if you have the know-how of all vital
terminologies and concepts. Here are 5 essential concepts that ought to be learned during your
course:
1. Decision making
Initiation is the primary phase of any project. It involves analyzing the scope of the project and
finding out whether the project is worth your efforts. It involves the formulation of strategies to
achieve end goals. The process deals with addressing two important questions- what are you
going to do and in what way you'll perform the operations to meet the objectives. This phase
requires effectual decision making, so it is essential to learn this concept during your course.
2. Project Scheduling
Once the project has received thumbs up for execution, the next step involves digging into
project details. Project scheduling involves defining the tasks, calculating the budget, identifying
the resources required, defining acceptance criteria for testing and devising timeframes for the
execution of the project. A well-planned schedule facilitates the project manager to manage the
resources, capital and operations efficaciously.
3. Resource Planning and Management
The resource of a project includes available materials, people, equipment, time and knowledge.
Usually, the organizations have limited resources and it is the task of a project manager to
effectively plan and manage the resources so that the end goals are met. A resource allocation
plan is also extremely important to manage the scarce resources. A well-defined plan leads to
effective resource management. The project manager should also be ready for adverse
situations and the resource plan should be flexible to changes. The Project Management
courses teach the art of managing the resources and devising useful strategies to achieve the
objectives.

2. 4. Risk Management
Risks are likely to occur in the course of the project but what lies behind the success of any
project is effective risk management. It is about anticipating the risk and having a plan to tackle
it efficiently whenever it arises. Risk management includes identification of risk, analysis of risk,
and the monitoring and controlling of risk by adopting effective strategies. It is a vital skill that
saves time, money and efforts of your entire team thereby increasing the possibility of positive
events.
5. Quality Management
The quality of deliverables is of utmost importance for the success of the project. Lack of proper
quality control; leads to defects in the deliverables, which in turn, leads to wastage of time and
money that is spent on rework. Quality Management is a process whereby the standards or
requirements of a project are established catering to the customers' perspective. It is then
ensured that the operations are going in accordance with the established standards. It is the
task of a project manager to define the acceptance quality, and the quality of deliverables is
then measured with respect to that.
Though there are a plethora of institutes that offer distance management courses, but pursuing
course from reputed institute like MIT School of Distance Education enhances the value of your
resume. The institute facilitates you to upgrade your skills via online mode so that you can learn
at your own convenience. A Distance MBA in Project Management offered by the institute
incorporates all the aforementioned concepts.
Garvey Africa Institute
Office 105, Schindler Building,
459 Leyds Street, Sunnyside
Pretoria 0002, South Africa
Tel : +27 0127533180
coordinator@garveyafricainstitute.co.za
http://www.garveyafricainstitute.co.za