Project Management is a discipline that covers initiation, planning, execution, control and closing of a project to completion, within the constraints of time, budget and resources. A project has a defined beginning and end, and therefore, predefined resources and schedule. Project Management certifications let professionals from various industries and verticals imbibe the basics of project management so that the projects can be completed according to requirements. Irrespective of industry vertical or geography, knowledge of project management is considered highly valuable across the world in every domain.
Project Management Facts
- By 2020, project management jobs are expected to grow to 15.7 million globally.
- Most project-oriented industries such as Manufacturing, Construction, Oil and Gas, IT and Finance are expecting a 37% increase in their output by 2020.
- Certified project management professionals take home an average salary of $81,000 (USD) according to Earning Power: Project Management Salary Survey, Ninth Edition, 2015.
- PMP certification holders garner a higher salary (20% higher on average) than those without it.