Project management is an essential aspect of conducting business. Each step of a project involves a high level of concentration, analytical skills, as well as the ability to communicate and make great decisions.
This is why companies are especially interested in highly qualified people who are prepared to take on positions of great importance and responsibility and can face the challenges of large projects.
Universities around the world have taken on the task of satisfying the demand for specialized professionals in the area of Project Planning and Management by offering Master of Project Management programs. Some of these programs are offered free of charge or on scholarship.
A Free Master of Project Management combines concepts of business administration, marketing and economics. Students of this Master’s program will learn to be responsible for projects and strategies within an organization and will learn to meet deadlines, manage budgets and achieve the objectives set by the company.
A Master in Project Management is a graduate program that delves into management that deals with leadership, organization, planning, procurement and control of resources to achieve specific objectives within a project period with time or funding constraints.
The Master of Project Management student will develop the ability to discover and argue for effectiveness, define requirements and resources needed, receive approval, monitor progress, and implement feedback from other project stakeholders.
The Master in Project Management also develops the student’s risk management skills, which focuses on discovering all possible liabilities and difficulties that may arise during the project, and how to deal with them.
Some master’s programs provide a general understanding of project management and all that it entails. Other programs are industry specific: construction, IT, among others.
These are some of the topics that may be included in the program content of a Master’s in Project Management:
The duration of a Master’s degree in Project Management is generally 1 year of full-time study. However, there are more flexible options for studying for this master’s degree that can take up to 2 years to complete.
Students who graduate with a Master’s degree in Project Management find employment opportunities as project coordinators, project analysts, industrial production managers, administrative managers and quality experts.
The prices of the Master in Project Management can be varied. The prices of these programs range from $7,200 to $26,800 per year. In some cases it can have a higher cost. The cost of this Master’s Degree will vary according to the country where it is offered, the institution or university that offers the Master’s Degree, the modality, the duration and the materials provided during the study, among other factors.
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