Every organisation has some projects and goals it must achieve in a certain period. To achieve these goals, they generally hire a project manager who helps direct the team in working towards the goals. This makes the entire working process smoother for the team and the company.
Project management is managing a team's effort to fulfil all project goals within the limits set. This data is often specified in project documentation and prepared at the start of the development process. Scope, time, and finance are the key restrictions.
Project management effectively tackles the challenges of change and transformation throughout the project life cycle, beginning with need awareness, inception, planning, execution, control, and closure.
A company hires a project manager to make its work easier and create goals that can be executed without much ado. Therefore, project management is an incredible opportunity for graduates interested in the corporate sector.
To become a project manager, you have two options, an MBA in Project Management or a Postgraduate Diploma in project management. There is no such difference between the two qualifications; they are treated almost equally in most organisations.
What is Project Management?
A project is a short-term job or endeavour to generate a service or product and satisfy certain aims and outcomes within a specific time frame.
Project Management courses assist an individual in acquiring abilities in goal creation and fulfilment in a professional context. A student enrolled in a Project Management course studies how to organise and manage corporate projects.
Furthermore, students have access to tools and approaches that may assist them in managing risks, adapting to changes, and boosting an organisation's performance. One of the most important skills a student taking a Project Management degree learns is managing many projects simultaneously.
What is a Post Graduate Diploma in Project Management?
The Post Graduate Diploma in Project Management is a one-year program that focuses on the practice of project Initiation, Planning, Execution, and Control to accomplish desired goals.
To be eligible for a PGD in Project Management, a candidate must have a bachelor's degree in the relevant discipline and at least two years of work experience.
There is no admission test for the Post Graduate Diploma in Project Management. However, certain universities may accept admission based on graduation results and the years of experience an applicant has, in addition to the Personal Interview and Group Discussion.
The average price for a one-year project management education ranges from INR 1,000,000 to INR 10,000,000.
Manufacturing industries, construction and engineering firms, software development firms, the healthcare sector, and many more employ Project Management professionals who can function as Project Control executives, Project Leaders, Project Managers, Project Engineers, and so on.
Skilled project managers are in high demand in large and small businesses today. It creates potential in various industries, including construction, automotive, information technology, pharmaceuticals, telecommunications, oil, gas, petrochemicals, finance, government, and all project-based organisations.
A PGD in Project Management starts at INR 3,000,000 to INR 6,000,000. Companies looking for Project Managers include GAIL, TCS, Infosys, Wipro, Bajaj, Persistent, Amazon, and others.
Top Colleges for Post Graduate Diploma in Project Management include:
- DIT University-Dehradun
- Gurunanak Dev Engineering College-Ludhiana
- Symbiosis Institute of Management Studies-Pune
- National Institute of Industrial Engineering-Mumbai
After earning a Post Graduate Diploma in Project Management, one can work as a Project Control Executive, Project Leader, Project Manager, Project Engineer, and many other positions.
Students who complete a Post Graduate Diploma in Project Management might opt to work with private organisations in various areas such as manufacturing, construction, engineering, software development, healthcare, etc.
Project Management Eligibility Criteria
Project Management Postgraduate Diploma
- The candidate must have a Class 12 diploma in Commerce.
- Candidate must have a Bachelor's degree in any discipline of Engineering/Technology/Architecture and two years of work experience OR
- Candidate must have a diploma in any discipline of engineering/technology/architecture/planning and four years of work experience OR
- The candidate must have a Bachelor's degree in any non-engineering area and three years of work experience.
Skill Set Required for a Career in Project Management
To work as a Project Manager, you must be a natural leader with excellent communication abilities. Along with leadership skills, one must be able to negotiate and understand body language. Candidates interested in pursuing a project management course must have the following skill set:
- Outstanding communication abilities
- Leadership characteristics
- Team management abilities
- Negotiation skills
- Ability to design project timelines
- Cost-cutting abilities
- Ability to think critically and fulfil deadlines
- ability to solve problems
- Tech-savvy
- Effective decision-making abilities
- Creative
PGD in Project Management: Job Prospect and Career Options
Candidates with a PG diploma in Project Management might strive to improve numerous sectors by working in various fields. They can lead, coordinate, and work on developing a project with a team. Product development is one of the jobs they are required to look for.
Project Management inhibits a sense of responsibility. Project managers manage Project Budget, plan and supervise the project progress, develop a timeline for the project, and set the project's technical requirements.
Below are some positions handled by a candidate with a PG Diploma in Project Management:-
Project Manager: A Project Manager applies his skills and knowledge gained with the experience for smooth and efficient execution of a project of INR 10,00,000.
Project Coordinator: A Project Coordinator assists the Project Manager in Handling and operating a project. He is responsible for all assistance a Project Manager needs. INR 5,00,000
Product Manager: A Product Manager is a professional in charge of an organisation's product development. Product managers behind a product specify its functional requirements and set the product's technical requirements. INR 16,00,000
Future Scope of PG Diploma in Project Management
Project management is an in-demand skill that upgrades a candidate to handle a team and a project. Furthermore, the notion that Project Managers are needed in every profession and sector makes it a much more viable course of study.
Project Managers can be employed in industries such as Health Care, Manufacturing, IT, Automobile, and Agriculture.
After completing a PG Diploma in Project Management, a candidate can work as a Project Control Executive, Project Leader, Project Manager, or Project Engineer, etc., with initial salary packages ranging from INR 3,50,000 to INR 5,00,000.
Many firms use Project Managers, including Reliance Industries Limited, HDFC Bank, Tata Consultancy Services, ITC Ltd, ONGC, and others.
After a PG Diploma in Project Management, a candidate can work as a Project Manager or go for other professional skills such as Artificial Intelligence, Machine Learning, etc. A candidate can also opt for a Master of Business Administration.
Syllabus of Post Graduate Diploma in Project Management
Project managers are required to do an in-depth study of the following areas: Principles of Management, Business Communication, Accounting for Managers, Marketing Management, Legal and Business Environment, Management Information System, Human Resource Management, Research Methodology, and Management Decision, Strategic Management, Business Analytics, Financial Management, Project Management, Construction Technology & Site Management, Cost Engineering and Contracts Management, Project Formulation and Real Estate Project Development.
All of these areas of study will be divided into the 2 or 4 semesters of the course. Apart from this, the students will get hands-on training experience through an internship in the last semester and improve their research skills through a dissertation report.
Job Profiles and Top Recruiters
A degree in project management provides a plethora of job options. Candidates can search for work in various industries and sectors, including information technology, marketing, advertising, governmental organisations, banking, trading, and design firms.
The following are some of the top Project Management job profiles:
Manager of Projects
A Project Manager's task is to form and manage teams while also formulating team plans. Furthermore, one of the key areas of a Project Manager is the implementation of these plans to fulfil the company's goals. The typical pay is 15 LPA.
Designer of Projects
A Project Designer collaborates with the Project Manager to assign resources to finish projects for the firm. The typical wage is 6 LPA.
Analyst for Projects
A Project Analyst's primary tasks are to assess project performance and give project analysis to the project team. Therefore, a project analyst must be capable of making key decisions. The average annual wage is $6.47 LPA.
Project Manager
The project controller and project manager collaborate to determine the goals and objectives of a project. Furthermore, the project controller controls the project's budget, analyses the work report, and makes recommendations to better the project's development. The average annual wage is 8.3 LPA.
Project Manager for Information Technology
An IT Project Manager works with computers and servers and manages computer systems, among other things. The average annual wage is 15 LPA.
Manager of Business Projects
The business project manager collaborates with other company initiatives and works with clients. The average wage is LPA 20.
Product Manager
A product manager is responsible for a certain organisation's product. The product manager is responsible for the product's manufacture, price, and promotion. The average annual wage is 18 LPA.
Project Manager for Construction
A Construction Project Manager is in charge of overseeing construction projects. This might involve managing commercial structures, residential residences, or other construction projects. The average annual wage is ten LPA.
Coordinator of the Project
A project coordinator aids the project manager in project planning and organisation. This entry-level role focuses on lesser duties, and the average annual wage is 4.7 LPA.
Project Manager for Software
This role is similar to that of an IT project manager, except that a Software project manager is especially responsible for software updates and the enhancement and creation of new software. The average annual wage is 16.6 LPA.
Project Management Top Recruiters
In India, certain companies hire PGDs in project management every year.
Some of these companies are Tata Consultancy Services (TCS), Reliance Industries Limited (RIL), Oil and Natural Gas Corporation (ONGC), HDFC Bank, ITC Ltd., Infosys, BG India, Telford International, SGC India Private Limited, Bechtel India Private Limited, IBM BTO Business Consulting Services.
Some of the top recruiters in the field of Project Management are:
Conestoga College
Conestoga is a provincial leader in apprenticeship training, serving over 23,000 enrolled students through campuses and training sites in Kitchener, Waterloo, Cambridge, Guelph, Stratford, Ingersoll, and Brantford.
Additionally, every year, roughly 30,000 people enrol in continuing education programs. Conestoga offers more than 300 career-focused programs and more degree options than any other institution outside the Greater Toronto Area.
It provides a one-year Graduate Certificate in Project Management, which has a total fee of Rs 14.3 Lakhs. The eligibility is to graduate in any field with relevant experience and proof of English proficiency with an IELTS score of 6.5 or a TOEFL score of 88.
George Brown College, Toronto, Canada
Toronto is home to numerous significant sectors in Canada and is one of North America's most important economic centres. As a result, the city serves as a living laboratory for the students.
They have three main campuses and numerous more locations in downtown Toronto, including St. James Campus, Casa Loma Campus, and Waterfront Campus.
They've used our location to give our students an advantage in the job market by collaborating with companies and organisations that play a major part in students' academic lives by guiding course curriculum, providing field education, and employment assisting in meeting industry needs, and gaining skills that are highly sought after in today's job market.
It provides a Graduate Certificate in Project Management of 1 year with total fees of Rs 17.5 Lakhs. The eligibility is to graduate in any field with relevant experience and proof of English proficiency with an IELTS score of 6.5, a TOEFL score of 88, or a PTE score of 60.
Seneca College of Applied Arts and Technology, Toronto, Canada
Seneca provides excellent polytechnic education that blends challenging academics with hands-on training in various industries and professions. They'll help you prepare to make your imprint in the world, whether in healthcare or technology, business or the fine arts, community service or the arts and sciences.
They have a skilled faculty, superb staff, amazing facilities, extensive industry links, and countless co-op and professional placements to prepare our graduates job-ready.
The institution offers all choices, whether full-time or part-time, in-person or online. Their excellent digital infrastructure has made our transition to a more virtual environment effortlessly.
It provides a Graduate Certificate in Project Management - Information Technology with total first-year fees of Rs 16.6 Lakhs.
The eligibility is to graduate in any field with relevant experience and proof of English proficiency with an IELTS score of 6.5, a TOEFL score of 88, or a PTE score of 60. Being a public university, it provides lots of opportunities to its students.
Northeastern University, Boston, USA
Experience is the core and character of Northeastern University. They believe in making the world your classroom, laboratory, and platform for bringing about change or growing your business.
Experience brings students into society and encourages them to handle its complicated difficulties throughout their university network. It makes pupils more agile and capable of reinventing themselves. To find methods of doing things better and effectively. And to grasp chances whenever and wherever they arise.
The university has tie-ups with lots of companies all over the world and helps in providing placement to every student. To date, they have placed students in 148 countries around the globe. If you are interested in research, then the university is the best as they have good funding from over 2900 sources for research projects,
It provides a Graduate Certificate in Project Management with first-year fees of Rs 11.0 Lakhs. The eligibility is to graduate in any field with relevant experience and proof of English proficiency with an IELTS score of 6.5.
No other English proficiency test is accepted. The university provides accommodations for its students but doesn't expect scholarships as it isn't a public university.
Northwestern University
Northwestern Institution is an Evanston, Illinois-based private research university. Northwestern University, founded in 1851, is the state's oldest chartered university and one of the world's most prominent academic institutions.
Northwestern was founded in 1851 by the Illinois General Assembly to service the former Northwest Territory. Initially linked with the Methodist Episcopal Church, the university eventually became non-sectarian. By 1900, the institution had become the third biggest in the United States.
Northwestern was a founding member of the Big Ten Conference in 1896 and an early member of the Association of American Universities in 1917.
Northwestern University is well-known for its emphasis on multidisciplinary education, large research output, and collaborative student culture. The institution offers over 200 official academic specialisations and several dual degree programs.
If you are interested in research, you will be happy to know that Northwestern was admitted to the Association of American Universities in 1917 and is classed as an R1, indicating "extremely high" research activity. Northwestern's management, engineering, and communication schools are among the most prolific in the country.
George Washington University
The George Washington Institution (GW or GWU) is a Washington, D.C.-based private, federally regulated research university. GWU, established by the United States Congress in 1821, is the biggest institution of higher learning in the District of Columbia.
At George Washington University, international students can pick from 140 undergraduate degrees and over 330 graduate courses spread over ten institutions and colleges.
International students must submit academic transcripts, a LOR for the United States, a financial statement, a statement of purpose, immigration documentation, and standardised test results to be admitted to George Washington University.
University of California, Irvine
The University of California, Irvine, is a well-known public land-grant research institution. Admission to UC Irvine is difficult to crack, with an admission rate of only 6.6 per cent.
The institution now has 37,243 students. The institute enrols about 29,400 students in undergraduate degrees at U.C. Irvine. Almost 7,800 students take graduate courses.
The institution, founded in 1965, now accepts international students in over 100 academic fields. UC Irvine's programs are taught through the university's 16 affiliated institutions and colleges.
Nearly 1,000 overseas students graduate from the University of California, Irvine, each year. International students' average expenses for 2022 entrance are roughly 45,500 USD (34.9 lakhs INR).
Scope of Project Management
Like many other careers, project management necessitates a diverse set of abilities. Project managers should be competent problem solvers, have above-average quantitative abilities, and be clear communicators, in addition to strong organisational skills.
Project management careers may be an excellent fit for people who appreciate a variety of duties.
The following are some more reasons to pursue project management.
- Project managers are in high demand. There will be 22 million additional project management job positions by 2027.
- Project management is needed in many different sectors. Although project-oriented work is relatively widespread in IT, it is also popular in the business service, oil and gas, banking and insurance, manufacturing, construction, and utility industries worldwide.
- Project managers get good salaries. According to Glassdoor, the national average entry-level project manager income is $59,680.
- Studying helps prospective project managers gain the skills to perform the multiple jobs necessary to finish an assignment.
- There are several chances for progress. Highly experienced, skilled, and accredited project managers can expect to earn twice or more than entry-level compensation.
- Project managers may make a significant difference. They have a direct impact not only on morale but also on the organisation's bottom line. That's a decent bonus on top of the excellent pay.
Project management is an important part of any company. It is not just about managing the project but also about managing the people involved in it.
The course will teach you how to plan and manage projects, how to lead teams, how to work with stakeholders, how to use different tools and techniques, as well as how to follow up on a project.
The course will teach you all aspects of project management from start to finish. You will learn about the different stages of a project and what needs to be done at each location.
You will also learn about risk management, quality assurance and time management. The course will also cover human resources, finance and communication skills.
The course is designed to develop the skills of project managers and provide them with the necessary knowledge and skills to manage projects professionally. The course equips one with the required knowledge, skills and attitude to take up a challenging career in project management.
This one-year post-graduation course in project management provides students with an opportunity to specialise in this field.
