Project management is the process of preparing and facilitating projects from start to finish. In this role, project managers plan, design and carry out projects, monitor progress, keep stakeholders informed, and prepare budgets.
2. Project managers oversee the planning, execution, monitoring, control, and
conclusion of projects. They are responsible for the overall project scope,
project team and resources, the project budget, and the project's success or
failure. A corporation relies on the guidance and direction of someone
qualified to properly complete a project from start to completion.
3. Roles and Responsibilities of the
Project Manager
1. Resource and Planning -Estimating is key to meeting project deadlines.
Many projects fail due to lack of planning. First and foremost, effective
project managers estimate the scope of everything and identify available
resources. They understand how to make reasonable time estimates and
assess the team's capabilities
2. Time Management -Project Managers create clear, unambiguous strategies
that encourage their employees to perform to the best of their ability. They
reduce bureaucracy and direct their workers on a clear route toward meeting
their objectives.
3. Client Satisfaction - If a customer is satisfied with the outcome of a
project, it will likely be successful. If a project manager does not manage
uncertainty and avoid unpleasant surprises, the project may not be as
successful.
4.
4. Reviewing Progress -When going into new projects, project managers and
their teams envision the end result and are expected to be able to achieve it.
Project managers need to monitor and assess performance and cost so they
can find the best solution when things go wrong.
5. Project Manager Skills
Project managers need knowledge in almost every discipline. Managing even a
simple project successfully takes more than just expertise in project
management.
1. Communication -Communication skills are incredibly crucial in many
sectors. In fact, 77% of employers believe that "soft skills" such as these are
just as important as technical skills.
2. Leadership -It is critical to have leadership qualities while leading a team
or project. By properly coaching, guiding, and encouraging your teammates,
you may help drive a project forward and deliver a positive outcome.
3. Risk Management - An important skill for project managers is to be able to
recognize hazards and plan accordingly, before they have a chance to get in
the way.
6. Project Manager Qualifications and
Requirements
Project managers are often found in the following positions: software
engineer, marketing guru, or sales representative. Some project managers
also have formal degrees in project management.
A bachelor’s degree in IT, computer science, business management or an
equivalent discipline is required. You should have relevant project
management experience and a PMP certificate.To work in the financial
industry you must have excellent knowledge of project management software
tools, processes and best practices.
7. Project Manager Job Description
The project manager's responsibilities differ from one company to the next. Some companies may require specific skills, while
others may not. There are some common responsibilities for every company though.
1.Determine the outlook and objectives of the project.
2.Create a budget based on the extent of work and the resources needed.
3.Provide consistent project updates to diverse stakeholders on strategy, changes, and progress.
4.Manage vendor and supplier contracts by assigning duties and communicating expected outcomes..
5.Create clear project goals with milestones6. Include a timeline for creating your project
8. Project Manager Job Description by
Industry
1. Technical Project Manager Job Description
2. Software Project Manager Job Description
3. Construction Project Manager Job Description
4. Senior Project Manager Job Description
Guide project management teams to complete projects that are spread across
business segments.
Control project development timescales throughout the organization.