For a company to successfully complete a project from start to finish, they depend on the oversight and leadership of someone knowledgeable. This is where project managers make their impact within an organization.
As more and more companies realize the importance of project management training, the demand for skilled management workers continues to rise. According to one study by the Project Management Institute, by 2027 businesses will need 87.7 million individuals working in project managerial roles.
Roles and Responsibilities of the Project Manager
A project manager’s role is to take on the responsibility for a specific project or several projects within an organization. They are in charge of planning, budgeting, monitoring and reporting the project with the use of various project management methodologies, such as blockchain and Lean Six Sigma. Sometimes, they may even be required to pitch the idea of the project and lead it until its fruition.
One of the main project manager roles and responsibilities is to act as a bridge between the upper management and the people who are actually responsible for the execution of the project. They need to make sure that the project runs smoothly and stays on schedule. They also need to update the progress of the project regularly to the upper management.
Project Manager Skills
There is no such thing as one general project management skill set that fits all. To lead a successful project, a project manager needs to be skilled in almost all fields - from tech to human resources, from marketing to construction and everything else in between. It’s a complex but rewarding field.
Here are some of the most sought-after skills that successful project managers must have:
- A solid understanding of business cases and risk management processes
- Strong leadership skills
- Proven self-management and team-management skills
- Ability to monitor and control project budgets
- Capability to make decisions under pressure
A project manager also needs to have great social and communication skills as well. Their duties will range from being a team leader, a supervisor and a co-worker, all at the same time. They will also be the first person that the team goes to whenever there are any problems regarding the project.
Project Manager Qualifications and Requirements
Most project managers get their career start as software engineers, marketing experts, or even sales reps. A successful project manager usually has five or more years in a relevant field with several formal qualifications for a project manager.
Gaining the top project management qualifications is key for project managers to be successful within their roles.
Here are a few must-have project management qualifications:
- A bachelor's degree in IT, computer science, business management, or a related field.
- Any relevant project management related experience.
- A Project Management Professional (PMP) certification is preferred
Project Manager Job Description
A project manager is accountable for planning and allocating resources, preparing budgets, monitoring progress, and keeping stakeholders informed throughout the project lifecycle. All of this takes place within the framework of achieving a company's goals and achieving their vision. Various projects require project managers, such as construction, information technology, human resources, and marketing.
The project manager roles and responsibilities may differ from one project to another. In fact, it may even differ based on company size and industry. However, these are some of the most common project manager duties for any company:
- Ensure all projects are delivered on time within the stipulated scope and budget
- Lead the initiation and planning of a project and ensure technical feasibility
- Ensure resource availability and allocation
- Develop a detailed plan to monitor and track the progress of the project
- Coordinate with internal and external parties for the flawless execution of projects
- Manage relationships between clients and stakeholders
- Measure project performance using appropriate project management tools
- Perform risk management analysis to reduce project risks
- Report and escalate to upper management as and when needed
- Create and maintain a comprehensive project documentation
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Project Manager Job Description by Industry
Many different industries rely on the expertise of Project Managers to assist with company projects.
1. Technical Project Manager Job Description
- Oversee all the technical aspects of the project
- Identify the technical resources needed for the project and source these materials from third party vendors
- Assign and monitor the work of technical personnel
- Maintain technical alignment with key stakeholders
- Ensure all technical devices or platforms used by the team are on their top shape at all times
2. Software Project Manager Job Description
- Manage the software development projects and facilitate sprint releases
- Recommend upcoming software trends and strategies to be used in the projects
- Possess a high-level understanding of computer programming languages
- Check the software projects periodically to evaluate its performance and provide updates
3. Construction Project Manager Job Description
- Collaborate with engineers, architects, and other parties included in the construction project
- Obtain actionable permits from the appropriate authorities
- Determine all the resources needed (equipment, manpower, materials) with attention to budget constraints
- Hire and allocate responsibilities to contractors, laborers, and other staff
- Supervise the work of all the laborers and provide them with guidance
- Evaluate the construction project progress and prepare reports
4. Senior Project Manager Job Description
- Lead project management teams to deliver projects that span across a number of different business units
- Manage project development timelines across the company
- Resolve conflict between projects and align the work done by junior project managers and their teams
- Possess strong knowledge of project management processes, such as Scrum and Agile
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Project Manager Salary
Project managers are highly skilled professionals with an impressive skill set, and for that reason they are well-compensated for their work. The average salary for a project manager in the United States is $93,053. Depending on the industry and the skill level, project manager salaries can range anywhere from $35k to an impressive $231k per year.
Check out the video below that talks about understand who is a project manager, what all skills are required to be a project manager and the roles and responsibilities of a project manager.
Aspiring project managers can get formal education from universities that offer a project management degree. However, for those who want to jump straight into a project management role, they can choose to take the certification route.
Simplilearn’s PMP® Certification Training Course covers the latest best practices highlighted in the PMBOK guide - 6th edition, the main study resource for project management. It includes all the most important guidelines, content, and knowledge you need to boost your career in project management.