There’s no denying that the demands of a 2018 workplace are rapidly evolving. With continued digitization, increased globalization, and the emergence of new technologies, businesses have never been more pressured to stay competitive. To meet this pressure and extend their reach in a competitive market, smart companies are increasingly turning to digital project management as a strategic solution for streamlining processes, increasing efficiencies, and reducing costs. If you’ve been wondering whether it makes sense for you to invest in an online project management course instead of hiring a dedicated project manager or investing in more expensive software solutions, this article is for you! Read on to discover what online project management is, its benefits and limitations, how much time it takes to learn it well enough to be effective as an independent practitioner, and what types of learners will succeed if they enroll in an online project management boot camp instead.
What is Online Project Management?
Online project management is a specific combination of disciplines and tools used to plan and lead projects, usually across an organization’s digital boundaries. It can be thought of as the integration of project management and digital management. It is an extension of the more traditional project management concepts, but adapted for a digital context. Online project management focuses on the specific challenges, needs, and resources of the project and organization, as well as the technologies and processes involved. It also involves collaboration with internal and external stakeholders.
Why Is Digital Project Management So Important?
When done right, project management can help companies drive continuous improvement, increase revenue, and improve ROI. But, if done poorly, it can create all kinds of headaches, including increased costs, time delays, and risk of failure. Project management has long been the bedrock of any business that plans and executes on projects. These projects can take many forms—from building a new feature to launching a new product line—and can be a vital part of a business’s success. Unfortunately, not all companies are good at project management. In fact, many are bad at project management and end up wasting time, money, and resources. This is problematic for two reasons. First, the project management profession is expected to grow at a rate of 8% per decade. That means there is a huge demand for professionals with project management skills. Second, the cost of poor project management is high. According to research, businesses that suffer from bad project management spend an average of $1.2 million more than those that manage projects well every year.
Benefits of Good Digital Project Management
There are many benefits to good digital project management, including More effective planning: Once project management practices are integrated across your organization, you will be able to effectively plan for the future. This allows you to make better use of your resources and reduce waste. Better communication: As the basis for all project management, communication is the key to successful media projects. When it is good, it lets stakeholders know what they want, how they want it, and what they can contribute. When it is bad, it causes confusion, frustration, and sometimes conflict. Increased productivity: When you have a disciplined approach to managing projects, you can quickly identify which ones are productive and which ones aren’t. You can then optimize the ones that are producing the most value and eliminate the ones that aren’t. Enhanced collaboration: Successful business projects are built on the shoulders of strong partnerships. Teamwork and collaboration allow you to leverage the strengths of other departments and stakeholders and ensure that you don’t miss any important deadlines.
Limitations of Online PM Bootcamp
Online project management courses are wonderful tools for any level of project manager looking to learn more about the discipline. However, even after attending a comprehensive program, a project manager will still be limited by his or her own experience, skills, and perspective as a professional. Even if a person completes an online project management course, it still won’t guarantee success as an independent practitioner. Every project manager must understand that no matter how much training someone has received, he or she will still be unable to transcend their own limitations. There are a number of potential limitations of online project management courses. Some of the most common include Time required to learn: While online training is rapidly increasing in popularity, there is still a significant gap between those who have the discipline and those who don’t. Understanding of project management discipline by the instructor: No matter how many project management courses are offered, there will always be a gap between what is taught in an online course and what is truly required to be an effective project manager. Understanding of the project management discipline by the learner: No matter how many project management courses are taken, there is still a gap between what is understood and what it is truly required to be an effective project manager.
To Sum Up
Online project management courses are a great way to quickly increase your project management skill set and gain a better understanding of the discipline. However, they are not a replacement for a formal program and should not be assumed to be a quick solution to your project management challenges. Instead, you should investigate what your options are before jumping into an online project management course. Good digital project management will help you effectively plan and execute projects, improve communication, and increase productivity. It will also improve collaboration with internal and external stakeholders. Online project management is a valuable addition to any organization’s project management toolkit, but it is not a replacement. If you are considering an online project management course, there are a few things you should keep in mind before you make the decision to enroll.