Top 7 Sectors Where Need for Project Management is Growing

Know the Top 7 Industries That Require Project Management Immensely

Growing a business entirely on your own is not a piece of cake. And thus it is quite impossible for anyone to take a business to the zenith of success on own. Being an entrepreneur, the primary task of a person is taking his or her business to the people scattered all around the world. Project management is the biggest medium using which one can take his or her business to new people. Be it a salon or other industry, over shopping sites, the initial endowment that you need is your engagement as well as a team of project management! Except this, a business will neither attract any audience neither nor enhance the business. Thus in order to overcome this shortcoming in the case of making a business successful, need for project management is growing at rapid speed.

Core sectors like banking, engineering, and medicine are attracting project management in order foster their business. How the project management actually works and why this has become so much important in the era of the 21st century! Let’s look into this matter and decide whether the recent trend of project management is good or hampering the working environment as well as the culture.

need for project management

Importance of Project Management:

Project management is not merely taking account of credits and debits, but also it’s the central pillar of making a business successful. From designing the blueprint of your business profile to making you a business tycoon; everything comes under the service of project management. Whether your market strategy is weak or it’s a promising one, a management team will always need by your side to decide. Thus you can not only make your business a successful one but also can lead it to the zenith of success.

A team of project management is so capable that they can make the layout of your business before initializing of actual work. Following the protocol, they can let you hire skilled labours and keep account of your financial transaction. This helps to enhance the business performance as well as keep everything on the track. Moreover, it improves the working environment as well as influences the productivity, efficiency of a business to a great extent. Thus project management services are in high demand at present days.

Top 7 Sectors Where Need for Project Management is Growing:

Project management is not merely a work where one keeps track of goods and cash. This is the task that requires rigorous knowledge of present market scenario, it requires technical skills to handle any situation, and it has to be potent enough to lead a business to the zenith of success. Below is the list of top 7 key sectors, where the need for project management is growing at a rapid speed for certain reasons. Let’s look into them.

1. Engineering

Engineering being one of the key sectors at present days and it was a vital area at earlier too. With the development of technology, its vastness is growing at rapid speed. Thus it has become evident to hire some project manager for proper growth of the business and to mesh properly with the demand of every project.

2. Banking and Finance

Banking and finance are all about handling money; a lot of money! Thus nowadays it has become too important to hire management staffs for keeping all the records of customers properly. Without them, it won’t be possible for banking workers to handle the vastness of the work.

3. Medical

Medical being one of the critical service need for project management is too high here. Except them, one can’t provide excellent service to every patient in a systematic way.

4. Healthcare

Like medical services healthcare too require proper management to handle the systematic way of service to every patient. Without a management team, it’s quite impossible for doctors and nurses to manage all the tantrums of patients.

5. Construction

Construction being one of the complicated tasks requires project management. Every task has a different set of requirement that can have to be met adequately otherwise payment won’t get cleared. Hiring administration of a project will ensure better service with cost effective measure of construction.

6. Oil and Gas

Oil and gas are one of the valuable natural resources that have been distributed properly. Without management team, this task is impossible for the workers. Proper layout of work and improvisation can’t be possible without good management.

7. Information Technology

With ever changing requirement comes great deal of managing task that can’t be possible without a management team. thus, in case of information technology, which is a fastest growing industry, requires good management otherwise the demand of every project won’t be possible to meet.

Conclusion

As the industries are growing fast, need for project management is rising faster. This is the only medium that can make a difference between businesses. With a good project management team, which you learn during your project management degree (and that includes Certified Project Manager certification), you can easily take your business to the zenith of success.

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Source: http://www.aims.education/project-management-blog/need-for-project-management/

PhD in Islamic Finance

PhD Islamic finance is a research-based program that helps candidates to secure a high position at top tier organizations. The doctorate degree produces scholars, who are competent to work in a variety of areas in Islamic banking and finance. PhD in Islamic banking and finance is accredited globally, and it is offered Full-Time / Part-Time through distance learning.
www.aims.education/phd-islamic-finance-and-banking/

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Diploma in Project Management | Online Project Management Diploma by AIMS

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With the clear understanding of today’s business dynamics, AIMS launched the Diploma in Project Management (http://www.aims.education/project-management-diploma/) program. It develop necessary concepts and techniques, which are required to manage projects, programs and project portfolios.

Supply Chain Management Certification | Online Logistics and supply chain courses by AIMS

Supply Chain Management Certification | Online Logistics and supply chain courses by AIMS
Certified Supply Chain Expert (CSCE) from AIMS http://www.aims.education/supply-chain-management-certification-courses/ focuses on problem-solving abilities, and it links theory to real-world applications. This supply chain management certification is recognised globally, delivered 100% online, and it comprises three logistics and supply chain management courses.
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PhD in Islamic Finance

PhD Islamic finance is a research-based program that helps candidates to secure a high position at top tier organizations. The doctorate degree produces scholars, who are competent to work in a variety of areas in Islamic banking and finance. PhD in Islamic banking and finance is accredited globally, and it is offered Full-Time / Part-Time through distance learning.
www.aims.education/phd-islamic-finance-and-banking/

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7 Major Principles of Islamic Banking and Finance

7 Major Principles of Islamic Banking and Finance

Islam has set values and goals that meet all the economic and social requirements of the human life. Islam is a religion that not only focuses on the success of the afterlife but also organza the life of a person perfectly. The Islamic laws are known as Sharia that means clear path. In the present is banking system is against the principles of Islamic banking. Due to the reason, here we discuss the seven major principles of Islamic Banking and finance:

principles of Islamic banking

1. Profit and Loss Sharing:

It is one of the best principles of Islamic finance where the partners will share their profit and loss according to the part they played in the business. There will be no guarantee on the rate of the returns that the Muslims will play the part of a partner and not a creditor.

2. Shared Risk:

In the economic transactions, the risk sharing is promoted by the Islamic banking. When two or more parties will share the risk following the principles of Islamic banking the burden of the risk will be divided and reduced in the parties. So it will improve the economic activity of the state.

3. Riba:

It can be regarded as the prohibition of interest:

  • The wealth will get the return without any risk or effort.
  • Regardless of the outcome of economic activity the person who gets the loan has to return the money and Riba to the lender.
  • In principles of Islamic banking, taking advantages of the issues that other are facing is unjust.

4. Gharar:

According to the Islamic finance principles, Muslims are not allowed to participate in the ambiguous and uncertain transactions. According to Islamic rules, both parties should have a proper control over the business. As well as the complete information should be shared with both parties so that the profit and loss will be equally shared.

5. Gambling:

In Islam, the acquisition of wealth through evil means or participation in gambling is prohibited. It will protect the Muslims from the conventional insurance products because that is a type of gambling. On the other hand, Islamic banking works in Takaful that involves mutual responsibility and shared risks.

6. No Investment in Prohibited Industries:

The industries that are harmful to society or have a threat to the social responsibilities are prohibited in Islam. They include:

  • Pornography.
  • Prostitution.
  • Alcohol.
  • Pork.
  • Drug.

According to the Islamic finance principles, you are not allowed to invest in such industries. You cannot even participate in the mutual funds that will help the industry to flourish.

7. Zakat:

There is a property tax included in the rules of Islam that it known as Zakat, which allows the balanced distribution of wealth. According to the Islamic banking principles the fair amount of Zakat is deducted from the accounts of Muslim in the holy month of Ramadan. Islamic banks promote this social responsibility and distribute the amount among the needy.

Conclusion

So we can say that the principles of Islamic finance guide us to invest in an industry that will help us to achieve the financial and social objectives that have been determined by Islam. The Islamic finance principles have been designed to make an economy successful. So it is a way of saving our money from being invested in a wrong path. Principles of Islamic finance are discussed in more details during diploma in Islamic banking programs, offered by institute of Islamic banking and finance at AIMS.

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Source: http://www.aims.education/islamic-finance-blog/principles-of-islamic-banking/

MBA Islamic Finance – Accredited Online Islamic Finance Degree AIMS UK

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Introduction to globally accredited mba islamic finance degree from AIMS (http://www.aims.education/islamic-banking-and-finance-mba-masters-degree/). It is a 100% online islamic finance degree, and lectures are delivered through flexible learning system. MBA in Islamic banking and finance is ideal for bankers and finance professionals, who are seeking career and growth in Islamic finance industry.