Project management is a vital part of the success of any business organization, and it helps companies improve their processes, services and overall value.
In order to succeed, each project must undergo three life-cycle phases — initiation, planning and execution. These phases must be extremely organized, detailed and managed by a knowledgeable professional, making project management an in-demand skill that companies will continue to look for.
There are several benefits to having strong project management skills, which are part of the curriculum of Boise State University’s Online Master of Business Administration (MBA). Some of those benefits include:
- Save time and money: By utilizing effective project management tactics, projects meet time and budget goals, benefitting the company overall. Proper planning helps map out deadlines and budgets to avoid delays and overspending.
- Improve internal communications: The use of strong project management processes can increase transparency, ensure accountability and reduce the complexity of collaboration across departments and teams within an organization.
- Make better business decisions: One of the biggest benefits of effective project management is being able to forecast issues before they become a problem, prevent bottlenecks and make smarter overall decisions. It also provides a clearer look at the allocation of an organization’s resources.
- Iterate on success: By using data and results from previous projects, businesses can zero in on what a team does best and where it needs to improve. Team performance is also measurable across projects to constantly improve the process.
Because of these valuable benefits, businesses are eager to hire leaders with strong project management skills who can consistently implement cost management and strategic change to benefit the organization and its projects.
Online MBA in Project Management Options at Boise State
Boise State’s Online MBA is one of the few programs in the country that embed project management topics in the curriculum. Students can choose to pursue a general MBA track or choose one of seven emphasis areas — management, healthcare leadership, construction management, marketing leadership, finance, business analytics and cyber operations.
Integrating project management into the curriculum allows all MBA students to gain these marketable skills and prepare for strategic business leadership and collaborative decision-making.
For students looking to enhance their skills and pursue a career in project management, Boise State’s Online MBA offers pathways to earning the Project Management Professional (PMP) and Certified Associate in Project Management (CAPM) certifications, both endorsed by the Project Management Institute.
Even if you don’t plan on pursuing a career in project management, earning an Online MBA at Boise State will provide you with essential skills that can immediately apply to help you become a better leader and use time management to deliver results.
Learn More about Boise State’s Online MBA
No matter the career field, good project management goes a long way toward the success of a business because it improves the focus and cuts down on wasted time by having a strategic goal. While strong project management can be especially important in fields like construction and healthcare management, it is a valuable aspect of companies across all types of businesses.
Start gaining valuable project management skills with Boise State’s Online Master of Business Administration. Join us for an online information session or connect with a student success coach and claim your free application waiver.