Advantages of Studying PLM Courses Abroad

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18 November 2022 by AECC

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Why Study Project Lifecycle Management or PLM Courses Abroad?

Almost all fields, including construction, business technology, and engineering require professional management. This is the duty of Project Managers. Project Lifecycle Management or PLM courses are designed to create these Product Managers. Simply put, PLM courses are degree programs that intersect business, communication, and leadership for better management goals. If you are a person with a keen eye for detail and a proclivity to perfect organisation, this field is for you. Continue reading this blog to learn more about Product Management and PLM courses. 

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Traditional Product Development Process

The traditional product development process is not streamlined and is sometimes tedious. In a traditional product development process, there are three teams involved: the engineering, marketing, and business development teams. However, they do not seamlessly collaborate. This leaves money on the table for stakeholders, and the end user is robbed of a more efficient product. The engineering team should design the product with the marketing and business development teams’ functions in mind (i.e., showcasing the product strategies and user-business connection strategies) and vice versa. This is the ability that is missing in the traditional product development process.

Duties of a Product Manager

Unlike the traditional product development process, the current process, with the help of product managers, is streamlined. Therefore, the engineering, marketing, and business development teams can work effectively to help each other. An ideal Product Lifecycle Management or PLM course sculpts out professionals in this regard. Following are some of the product manager duties that students will get good at after completing PLM courses.

  • Market monitoring and competition research.
  • Understanding the needs of the user.
  • Representing the user's needs through the product.
  • Constructing a quantifiable vision for the product.
  • Aligning the vision of the stakeholder with the vision of the product.
  • Engaging in product capabilities and features
  • Setting up a shared understanding of the product and its vision.
  • Empowering independent decision-making. 
  • Creating shared knowledge of the product across teams
  • Ensuring collaboration across teams

Benefits of Studying PLM Courses

01. Understand Collaboration

Like it is said above, one of the key values that a PLM course brings is that it educates students on methods to strengthen the collaboration between internal teams. The engineering, marketing, and business development teams urgently need to have effective communication to create a fantastic product. Each individual team may be a stranger to the other's jargon and processes. With PLM courses, students can understand collaboration and set up communication between teams to reap the maximum benefits.

02. Develop Integrated Skillset

PLM courses just don't stop at teaching students the technical terms and an overview of the process, it also makes them experts in the process. As product managers, students will be required to conduct functions such as market research and user study, which is a business development duty. Much like that, the product managers also need to be involved in the marketing and development part of the process and, at times, actively contribute.

03. Setting roles, boundaries, and expectations

Aside from bringing different teams together, students will also create roles and boundaries for every party involved. This eliminates the chance of ambiguity in the product development process. PLM courses teach students methods to eliminate ambiguity with roles and boundaries, and it also teaches to improve the process with clearly defined expectations. Students learn to construct a system so that each team's (engineering, marketing, and business development teams) function is informed and helps the other.

04. Business Leadership and Success

Product Managers are at the helm of every product development process. Their duty is not only to manage the process but also to lead it. Therefore, product managers need immaculate leadership skills. PLM courses develop leadership skills in students and also prepare them for the possibilities of success or failure in the product development process. 

Undergraduate PLM Courses under 20,000 USD

The following table consists of PLM courses with an annual tuition fee of $20,000 (USD) or below. The table also informs about the universities (where the PLM courses are provided), the location of universities, and the duration of the PLM courses.

The following table consists of PLM courses with an annual tuition fee of $20,000 (USD) or below. The table also informs about the universities (where the PLM courses are provided), the location of universities, and the duration of the PLM courses.

 

Course Name

University

Location

Bachelor of Business 

(Management)

Federation University Australia

Melbourne,

Australia

Bachelor of Business (Advanced Business Leadership)

Western Sydney University

Sydney, Australia

Bachelor of Business (Advanced Business Leadership)/Bachelor of Laws

Western Sydney University

Sydney, Australia

Bachelor of Business - Bachelor of Psychological Science - Management

James Cook University

Townsville, Australia

Bachelor of Arts / Bachelor of Business (Management)

Swinburne University of Technology

Melbourne,

Australia

Bachelor Organizational Leadership

University of Memphis

Tennessee, United States

 

Read More: Affordable Universities in Australia for International Students

Undergraduate PLM Courses above 20,000 USD

The following table consists of PLM courses with an annual tuition fee of over $20,000 (USD). The table also informs about the universities (where the PLM courses are provided), the location of universities, and the duration of the PLM courses.

Course Name

University

Location

Bachelor of Business (Management)

Flinders University

Adelaide, Australia

Bachelor of Business (Management)

Kaplan Business School

Brisbane, Australia

Bachelor of Business (Management)

Melbourne Institute of Technology (MIT)

Melbourne,

Australia

Bachelor of Business - Management

Canterbury Institute of Management

Sydney, Australia

Bachelor of Business (Bus) in Management

Murdoch University

Perth, Australia

Bachelor of Business (Management)

Queensland University of Technology

Brisbane, Australia

Bachelor of Teaching (Middle)/Bachelor of Business Management

The University of Adelaide

Adelaide, Australia

 

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PLM Masteral Courses 

The following table consists of PLM masteral courses abroad that are very accessible to Filipino students. The table also provides the course duration, fees, universities at which the PLM masteral courses are provided, and the location of the universities. 

Course Name

University

Location

Master of Management

The University of Sydney

Sydney, Australia

Master of Management

University of South Australia

Adelaide, Australia

Master of Arts (M.A) Administration and Leadership

La Sierra University

California, United States

Master of Management

University of the Sunshine Coast

Brisbane, Australia

Master of Management

University of Technology Sydney

Sydney, Australia

Master of Administration in Leadership

University of Regina

Saskatchewan, Canada 

Management MSc

University of Bedfordshire

Luton, United Kingdom

Master of International Management

The University of Adelaide

Adelaide, Australia

 

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Frequently Asked Questions

The 5 stages of a product life cycle are:

  • Product development
  • Market Introduction
  • Growth
  • Maturity and Saturation
  • Decline

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Product Lifecycle Management is the management of a product from start to finish. This strategy helps product managers to manage the products from initial ideation, design, development, and service to disposal and decline. PLM courses teach you to help organisations in manufacturing new products and bringing them to the market.

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Yes, definitely. PLM is a good career choice. They have better career prospects even when compared with mechanical design engineering. PLM course graduates can secure product managing positions in various industries like freight and shipping, aerospace, automotive, IT solutions, etc.

 

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