Project Management Day 2023: On the initial Thursday of November, each year, International Project Management Day is observed to recognize the critical function that project managers perform within our respective organizations. The date falls on November 2 this year. Huge initiatives undertaken by businesses would be practically unattainable in the absence of project managers. The International Institute for Learning (I.I.L.)’s Lori Milhaven and LaVerne Johnson established this day to honor and recognize project managers as deserving of it.
Project Management Day History
Directors and other influential members of an organization convene during board meetings to exchange ideas. Frequently, these concepts evolve into modest to enormous undertakings financed by corporations and investors. The completion of these initiatives can require weeks, months, or even years, and requires the collaboration of numerous resources and skilled individuals. Who does the board seek for assistance in crisis management? Particularly, project managers!
Project managers are the experts who assist in monitoring and controlling the goals and objectives of a project. The aforementioned individuals oversee our initiatives, in addition to the others who are putting effort into them. They accomplish all project objectives within the designated time, budget, and scope by utilizing their exceptional leadership, problem-solving, communication, and other management capabilities.
The discipline of project management emerged within the engineering sector during the 1950s. Prior to that, engineers frequently oversaw large projects using ad hoc methods such as Gantt charts and other informal techniques.
Introducing the critical path method (CPM) and the program evaluation and review technique (PERT) marked the start of a new era and the formalization of project management as a separate field. Approximately twenty years later, the Project Management Institute was founded in the United States. Numerous methodologies and classifications of project management have evolved over the course of time, including lean project management and project lifecycle. While the majority of these strategies are applicable to all industries, a few are more effective in specific sectors.
International Project Management Day (IPMDD) was established in 2004 under the leadership of LaVerne Johnson, Lori Milhaven, and the entire International Institute for Learning (II.L) staff in order to recognize and honor the management efforts of project managers.
FAQs for Project Management Day
What is the life cycle of a project?
A project life cycle comprises the sequential stages that a typical project undergoes prior to reaching its conclusion. The process consists of the following five stages: inception, planning, implementation, monitoring and control, and closure.
PRINCE2 is an approach to project management; its acronym is “Projects in Controlled Environments.” It is the least favored method and is frequently employed for endeavors involving environmental limitations.
Which project management approach is the oldest?
Gantt charts are the most ancient informal project management method known to history. It was created during the 1920s by Henry Gantt, and among its initial significant implementations was for the Hoover Dam in 1931.
Project Management Day Activities
Value the work of a project manager
Employers of medium-to-large scale organizations frequently require or even engage the services of project managers. Gratitude-appreciate these individuals for their tireless contributions to the organization throughout the day. If you are not in the aforementioned category but do have one or two acquaintances who are proficient in project management, express your admiration for their expertise through social media or text messaging.
Coordinate an organizational labor event
Consider organizing a small work celebration for project managers if you are one of their employers or if you collaborate closely with them. It could range from simple gestures such as providing complimentary lunches in the break room to more extravagant presents including gift hampers and cards. Irrespective of your choice, ensure that it effectively conveys your gratitude to the project managers comprising your team.
Gain knowledge of project administrators
Throughout history, project administrators have successfully managed a variety of initiatives. Elizabeth Harrin, Michael Kaplan, and Chris Lema are a few examples. Invest the day in gaining knowledge about accomplished project managers; if you happen to be one, consider participating in the yearly online conference where you can impart insights from your esteemed peers. From around the world, more than 35,000 project managers attend this conference.
Five Fascinating Project Management Facts
You might not require an official certification.
Globally, only 56% of project managers are certified, according to statistics.
They are exceedingly sought after.
As of 2017, the global workforce comprised more than 15 million project managers; by 2027, employers are anticipated to require more than 88 million.
Failure is anticipated.
An estimated 75% of executives hold the belief that their projects will encounter disaster, while approximately 70% of projects are susceptible to such outcomes.
Not a one-man operation here.
The absence of senior management participation causes one-third of programs to fail.
They earn a substantial amount of money.
An annual median salary of $87,000 is earned by project managers in the United States.
PROJECT MANAGEMENT DAY DATES