Online MBA Project Management Programs

An Online MBA in Project Management Prepares You to Lead Vital Projects from Start to Finish

In the new economy, businesses are looking to their managers to take initiative, lead teams and see projects through to completion. An online MBA project management program offers you practical and real-world skills required to excel in this challenging and fascinating role.

As more companies opt for project-based approach to accomplish multifaceted, cross-functional tasks, qualified project managers are now in the forefront of small and big enterprises. An online MBA in project management program equips you with tools and techniques to execute critical projects successfully on time and within budget.

You will learn how to define a project scope, create plans and budgets, acquire resources, access risk, manage people, lead teams and move a project forward. Ambitious professionals in IT, construction and manufacturing businesses may find the MBA project management degree helpful in pursuing successful career in this rising field.

Most of the online MBA in project management programs are accredited by The Project Management Institute's Global Accreditation Center (PMI GAC) and are planned around A Guide to the Project Management Body of Knowledge (PMBOK Guide).

MBA project management online programs have an advantage over classroom-bound programs in that they allow students to arrange classes around their own schedules. The programs are also often more economical than a more traditional MBA. Classes are taught by skilled business professors and experienced project managers who teach the best that project management theory has to offer.

Skills You Will Learn in Online Project Management Courses

With staffs thinned by the recession, businesses are increasingly looking for those who can take ownership of a project and implement a plan for success. MBA project management programs are tailored to focus on initializing, managing and bringing projects to fruition.

An online MBA in project management offers detailed understanding of different phases of project management life cycle including, project origination, project initiation, project planning, project execution and control, and project closeout. The program helps sharpen your skills in scope management, cost management, time management, project procurement, communication and risk management.

You will gain real-life experience of how to develop a plan, how to estimate cost, how to schedule employees and how to manage time and resources to stay within stated budgets.

You will also learn how to lead a team and take initiative to ensure that everyone works together and that projects can be completed on time and within budget. Project leadership is a quality that many companies are looking for in the modern business environment.

Online MBA project management programs also teach you how to apply basic legal and ethical thinking to the completion of a project, and how to properly evaluate risk and make judgment calls about which options to pursue and which you should not.

Potential Career Paths with a Project Management MBA

Nearly any management position can benefit from a project management MBA, especially as managers and office workers are being called on to exercise greater leadership and autonomy in handling business challenges.

Project managers, project directors, team leaders, program managers are in high demand, especially in information technology, construction, health care and pharmaceutical, and engineering and manufacturing industries. Growth in many of these business areas looks strong.

Salary Expectations for the Project Management Professionals

A masters in project management can be a boon for managers looking to get the attention, increased responsibility and raise they deserve. Displaying the ability to lead a team and efficiently complete a project will be extremely valuable.

Businesses are expected to see an increasing need for project managers to oversee and handle expansions, new products, new projects and other logistical requirements that need leadership and initiative.

According to the BLS, median salaries for management positions in 2010 were:

Future Trends in Project Management

The efficient management of people and resources is going to be an increasingly valuable skill in the coming years. There will be many jobs available for self-starters who know how to set budgets and lead teams.

Here are some trends that will help define project management in the future:

• Increasing need for managers who can lead small teams on critical projects
• A demand for efficiency and skill in budgeting and time management
• Increased need for project management in all types of businesses
• Globally distributed workforces that require leaders who can work with geographically dispersed teams

Managers in a variety of industries, as well as entrepreneurs and small business owners, will find the leadership and time management skills that come with a project management degree important. Browse the top accredited online MBA project management programs and take the first step toward getting essential project management skills.

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