Purpose of studying Project Management:
To gain knowledge on setting and prioritizing the goals: The knowledge on project management assists the professionals to determine scope of the project and identify the sub tasks of a large project through creation of work break down structure (Badiru & Osisanya, (2016). In addition, the knowledge on project management also helps the professionals to prioritize the tasks on basis of a number of tools and techniques. One of the main purposes for studying project management is gaining knowledge on scope management, development of WBS, timeline and use of task prioritization tools so that the tasks with in a project can be managed effectively.
Gaining knowledge on better resource utilization: In addition to the scope and time management, the knowledge on project management helps the professionals to stay aware of the other knowledge areas associated with a project such as communication management, risk management, cost, quality, human resources, stakeholder, and procurement and integration management. Awareness on the ten knowledge areas associated with a project helps the professionals to utilize the available resources in a better way (Ford et al.2014). Gaining knowledge on every aspects of the project is another purpose for pursuing the course.
Keeping records more effectively and creating documents for review: Managing the communication among different stakeholders is important for successful completion of a project
(de Carvalho et al.2015). Pursuing a course on project management helps the professionals to become aware of the different communication tools and techniques and the information systems used for sharing the information.
Adding value to job function:
Better prioritization of tasks: A commercial representative for sales and marketing divisions in an oil and gas company has to carry out a number of complex activities such as arranging a meetings, undertaking sales tasks, arranging different promotional events simultaneously (Ramazani & Jergeas, 2015). The knowledge creating WBS, setting timelines, identifying the deliverables of the project and prioritizing the tasks help professionals to carry out different activities simultaneously. The knowledge on project management also gives the professionals with idea on better resource management. As a result, completing all the tasks within limited time and resource will be easier for a commercial representative.
Better communication management: A commercial representative in the sales and marketing division of an oil and gas company needs to communicate with different stakeholders of the organization (Klakegg, 2016). The knowledge on communication tools and techniques help the commercial representatives to manage communication among all the stakeholders.
Identification of risk: Forecasting the risk factors is crucial for the organizations in oil and gas industry (Jamali & Oveisi, 2016). The performance of the oil and gas companies fluctuates significantly with the economic conditions across the globe. The knowledge on project management assists the sales professionals to identify and manage the risks for the organization in advance.
Discussion on the above benefits indicates that the knowledge on project management can help a commercial representative to take better decisions. Hence, the professionals with knowledge work effectively in corporate leadership roles through using the d
Key role of leadership in project management:
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de Carvalho, M. M., Patah, L. A., & de Souza Bido, D. (2015). Project management and its effects on project success: Cross-country and cross-industry comparisons. International Journal of Project Management, 33(7), 1509-1522.
Ford, J. A., Steen, J., & Verreynne, M. L. (2014). How environmental regulations affect innovation in the Australian oil and gas industry: going beyond the Porter Hypothesis. Journal of Cleaner Production, 84, 204-213.
Jamali, G., & Oveisi, M. (2016). A Study on Project Management Based on PMBOK and PRINCE2. Modern Applied Science, 10(6), 142.
Klakegg, O. J. (2016). Project Risk Management: Challenge Established Practice.
Ramazani, J., & Jergeas, G. (2015). Project managers and the journey from good to great: The benefits of investment in project management training and education. International Journal of Project Management, 33(1), 41-52.