Project Management for Entrepreneurs

I have been doing some enthusiastic research on the topic, and I have come to realize that most of the current corporations and governments are not being able to provide enough jobs for the hundreds of thousands of young Arabs who graduate every year. Besides, those amongst them that were planning on emigrating lost their chance to travel to the US or Europe for dream jobs due to the economic downturn.

With 60% of the Arab nation being under 30 years old, the number of educated individuals is rising, and yet the supply of jobs is inadequate. In this context, numerous institutions, banks, and government agencies are focusing on fostering entrepreneurship among youth.

Consequently, hundreds of startup projects and initiatives are being launched annually by young entrepreneurs who have the education, the idea, the drive, but lack the experience and the systematic approach to enhance their chances to succeed in their ventures.

This gap has certainly led to numerous failed initiatives, shattered dreams, and lost investments. Imagine all those young aspiring youth, full of enthusiasm and creativity, but crushed by their own inability to drive their business enterprises to success.

The fact is, good ideas are a dime a dozen. The true value is in the ability to transform those ideas into reality…and rare are those that have the intrinsic knowledge to go through the process. In this context, I have realized that project management skills, knowledge and tools come in very nicely to fill a gap for the aspiring entrepreneurs and empower them to be able to transform their ideas into a reality.

So after some well-thought of analysis, I have pinpointed 5 project management mantras from which entrepreneurs can surely benefit from:

  1. Ability to clearly define the scope of their startups, products, services and communicate it clearly.
  2. Knowledge of how to break down the scope of work into clear and comprehensive work packages, schedule the work packages, and work on a budget accordingly.
  3. Skills in recruiting the right people, engaging them, and motivating them to work synergically.
  4. Communication skills with main focus on unifying terminology used, choosing the proper communication channels, and disseminating the right information.
  5. Expertise in understanding possible risks that are inherent to new ventures and ways to manage them. This usually becomes better with time…trial and error being the best tutor.

That’s what I have in mind so far, I hope it helps. Knock them out!

 

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PMP Certification from PMI

I’m proud to inform you that today I passed the PMP exam and thus I am an officially certified PMP. So you’re wondering what does that mean? What is PMP? What is PMI? Well read on… 🙂

PMP stands for Project Management Professional credential and is one of the 5 credentials that Project Management Institute (PMI) offers.

PMI is the world’s leading not-for-profit membership association for the project management profession, with more than half a million members and credential holders in more than 185 countries. Their worldwide advocacy for project management is supported by their globally-recognized standards and credentials, their extensive research program, and their professional development opportunities.

Government, commercial, non-profits and other organizations employ PMP certified project managers in an attempt to improve the success rate of projects in all areas of knowledge, by applying a standardized and evolving set of project management principles as contained in PMI’s PMBOK Guide.

Professionals obtain the PMP credential to verify their proficiency in project management with an internationally accepted certificate.

Using the 9 areas of knowledge identified by PMI, they become more proficient project managers, more productive in their work and apply internationally tested and confirmed processes that enhance the success rates of any project in any field.

One of the main beliefs of PMI is that “subject matter does not matter” and thus PMP certified Project Managers can excel in their work whether in IT or Real Estate, Non-Profit, Banking, Academic, Medical, Tourism…etc.

I hope that gave you a clear overview of PMI and the PMP Certification and I wish you the best of luck in your future projects! 🙂

For more information about my professional work check my LinkedIn Profile