Even successful companies with formal project management training, specialized tools, and automated software struggle to complete projects within budget and on time. Proven strategies and practical, hands-on tools are essential in driving successful project outcomes.
Effectively scoping a project and setting key milestones are critical factors that can improve time budgeting and resource allocation to ensure the project is delivered on time and does not exceed its budget. The key functions of project managers comprise forecasting, adjusting, and implementing corrective measures throughout a project’s lifecycle. The processes and protocols necessary for project success are collectively called Earned Value Management (EVM). A foundational understanding of EVM is crucial for success in implementing project controls, including financial and schedule controls. Since EVM involves calculations, prior understanding of standard project management tools and processes, including project networks, project budgets and schedules, and work breakdown structures is helpful.
Learn more by taking the Project Management certificate program offered by Genashtim in collaboration with eCornell.
eCornell courses are approved by SkillsFuture Singapore for SkillsFuture Credit as well as by HRD Corp Malaysia under its HRD Corp Claimable Course Scheme.