According to the Project Management Institute (PMI), project management connects the results of a project with the goals of a business by executing projects through the effective use of skills and knowledge. Project management consists of five processes, including initiating, planning, executing, monitoring and closing, as well as nine knowledge areas, such as integration, cost, human resources, scope, quality, communications, time, procurement and risk management.
Applicants should have previously obtained a bachelor's degree. Most graduate programs require applicants to submit GRE and GMAT scores. Some programs may ask individuals to submit resumes and references. Other requirements include a portfolio of work.
Some programs may be offered online or may have online components in addition to on-campus requirements.
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Master of Arts in Business Communication - Project Management
Many graduate level programs require students to complete a portfolio of work to develop professional value. Some schools may also offer courses that count as Project Management Professional continuing education credits.
Most programs offer studies in business practices and management functions. Programs provide curricula that connect projects, budgets, information and planning, as well as covering resource allocation, project quality and cost benefit analysis. They usually gain practical skills in communication, negotiation, evaluation, listening, management, team facilitation, customer relations and leadership. By using project-based strategies, individuals typically understand how to balance time, cost, quality and scope of projects. Individuals may study topics such as:
- Project communication
- Risk management
- Financial concepts
- Project communications
- Organizational leadership
Popular Career Options
Master's degree holders have the analytical and management skills for senior-level jobs in several areas, including government, manufacturing, transportation, information technology and education. Individuals can find positions as:
- Project managers
- Program managers
- General managers
Employment Outlook and Salary Information
The U.S. Bureau of Labor Statistics (BLS) does not provide employment data specifically for project managers, but does include them in the wider area of business management. The BLS projects a 7% increase in the employment of general and operations managers during the 2014-2024 decade (www.bls.gov). In May 2015, the BLS estimated that general and operations managers earned an annual average salary of $119,460.
Individuals who earn a master's degree in project management and want to continue their education can pursue a Ph.D. in an area of business. A Ph.D. in Business Administration offers studies focused around the methodology, research and analysis of management, marketing, finance and accounting.
Students in Master of Arts in Business Communication - Project Management degree programs are trained to manage projects to help companies achieve their business goals by executing five processes - from planning to implementing and monitoring projects. Graduates could join companies as program or general managers or pursue a Ph.D. in Business Administration to further enhance their business management skills.