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The Five Most Important Project Management Skills

January 20, 2023

University Services MSPM

Being a project manager involves more than checking the boxes. You’re managing large, complex projects, and you’re also managing people—the people on your team and the customers you’re delivering to. Mastering project management requires understanding the practices that are needed to complete a project successfully and putting those practices to work in whatever setting you’re in. View our infographic to learn more about the most critical skills you’ll need to master as a project manager.


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Transcript

The five most important Project Management Skills

Being a project manager involves more than checking the boxes. You’re managing large, complex projects, and you’re also managing people, the people on your team and the customers you’re delivering to.  Mastering project management requires understanding the practices that are needed to complete a project successfully and putting those practices to work in whatever setting you’re in. Learn more about the most critical skills you’ll need to master as a project manager.

Go by the Book

You’ll need to master the Project Management Body of Knowledge guide. Developed by the Project Management Institute, the Project Management Body of Knowledge guide gives you a common language and framework to manage projects, based on best practices that can be applied to any field, broken into the following five process groups:

  1. Initiating by defining and authorizing a new project
  2. Planning by establishing the scope, objectives and defining the course of action
  3. Executing by processes to complete the work in line with project specifications
  4. Monitoring and controlling through tracking, reviewing and regulating progress while adjusting as needed
  5. Closing by finalizing activities

Understanding the Body of Knowledge is a requirement for P M P certifications.

Put Your Knowledge to Work

Project managers need to apply their knowledge of best practices in ways that meet the requirements of their particular workplace. This requires an ability to understand workplace policies, procedures, and guidelines, even the specific templates or procedures the organization use to manage projects.

Know the Environment

Project managers also have to be aware of a broad range of intangible real world factors that can make or break their projects. Examples can include:

  • Market Conditions
  • Organizational Culture
  • Internal Politics
  • Government Regulations
  • Organizational Structure
  • Available resources

Master Business Skills

Project management has a lot in common with good business management. Project managers should therefore master a broad range of managerial skills, including:

  • Strategic planning
  • Budgeting and financial forecasting
  • Staffing
  • General organizational knowledge

Don’t Neglect the Soft Skills

Project managers who ignore the soft skills, leading and interacting with people, often learn hard lessons. Prepare to:

  • Understand the strengths and weaknesses of each team member
  • Help out when team members struggle
  • Motivate your team by recognizing exceptional work
  • Be honest and forthcoming when updating the project’s customers
  • Build trust by communicating with team members

To request more information about obtaining your Master’s in Project Management, click here or call 877-308-9954 to speak with an enrollment counselor.