Execution Excellence

An Overall Guide to Become an Efficient Project Leader

A project leader plays an integral part in project management operations. Besides, there are several other responsibilities that a project leader undertakes. If you want to become or are already a project leader, there are a few things you should be aware of. In her article for the CIO, Moira Alexander talks about different aspects of project management and how they help a project leader.

Things a Project Leader Should Know

PMM

Project management methodology (PMM) is an operational management methodology that helps leaders manage overlapping projects. Popular PMMs are waterfall, agile, and critical chain project management.

Understanding PMO and EPMO

A project management office (PMO) establishes and regulates standard project management best practices. EPMO, on the other end, follows the basic framework of the PMO but also focuses on the firm’s strategic objectives. PMO and EPMO offer various benefits:

  • Establishes standard rules for the firm
  • Provides a common managerial framework
  • Improves transparency
  • Increases agility
  • Enhances the ability to identify and deliver tasks
  • Accentuates the usage of key performance indicators

Certifications

Project management certifications are an effective medium to learn and implement project management techniques. Some of the PMI certifications are:

  • PMP
  • CAPM
  • PMI-PBA
  • PgMP
  • PfMP
  • PMI-RMP
  • PMI-SP
  • CSM
  • CompTIA Project+ Certification
  • PRINCE2 Foundation/PRINCE2 Practitioner
  • Associate in Project Management
  • MPM
  • PPM
  • PMITS
  • Certified Project Director

Tools

There are several project management tools that a project leader should be aware of.

Skills

When you balance technical and non-technical skills, it helps you implement suitable strategies for different types of tasks.

Salary of a Project Leader

The average salary of a project leader is $85,311 plus a bonus of $13,500.

Stages of Project Management

Project management can be categorized into five stages:

  • Initiation phase – Undertakes integration and stakeholder management
  • Planning phase – Focuses on integration management and costs management.
  • Execution phase – Concentrates on human resource management, procurement management, etc.
  • Monitoring phase – Prioritizes managing quality, time, and communications
  • Closing phase – Focuses on integration management and procurement management

Managing Expectations

Here are a few ways to manage stakeholders’ expectations:

  • Focusing on team-specific goals
  • Discussing goals and ideas before beginning a project
  • Keeping the project deadline in mind and working accordingly

Roles and Responsibilities

There are several project management roles that you should not get confused with:

  • Project managers – Responsible for planning, supervising, and controlling tasks
  • Program managers – Responsible for similar groups of projects
  • Portfolio manager – The highest PMO and EPMO, responsible for supervising your company’s management framework strategies

Scope

The project scope helps enterprises get a better idea of the products and services they offer. Customers and stakeholders play an instrumental role in accentuating the project scope.

Budget

Budget is a concern for most businesses. Effective budget management can help you allocate resources efficiently.

Click on the link to read the original article: https://www.cio.com/article/228109/project-management-tips-strategies-best-practices.html

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