Project managers plan, organize, and oversee a company’s projects. They work with stakeholders, management and employees to ensure that a project is completed on time and within budget. Project managers also resolve any problems that may come up during a project’s development.
Generally, project managers are responsible for managing a company’s projects, including planning and organizing projects, assigning tasks to teams, documenting progress and providing support and guidance. They communicate the project’s goals to employees and determine the project’s specifics, such as what information is required for completion and how large of a workforce is needed. However, project managers do not conduct any of the actual work on the project.
In addition, they oversee the project’s budget to ensure that cost, revenue and profit targets are met. They attend meetings with clients, finalize contracts and regularly report developments to stakeholders. To make sure the project runs smoothly and on time, project managers also monitor and resolve any issues and implement necessary changes.
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Typically, project managers work in an office environment. They may, however, travel to supervise fieldwork on occasion.
Project Manager Salary
For project managers, the median annual salary is $71,174, according to PayScale. The amount can vary, though, depending on experience and other factors, such as business size. Including profit sharing, bonuses and commission, salaries typically range from $43,600 to $114,600. Project managers at large companies frequently earn more than those working at small businesses.
A bachelor’s degree is the minimum requirement for a project manager. The position also necessitates excellent communication, problem-solving, leadership and organizational skills. To help demonstrate expertise and improve marketability, project management certifications are available. These credentials include the Project Management Professional, CompTIA Project+, Master Project Manager, Certified Associate in Project Management, Associate in Project Management, Professional in Project Management and Certified Project Director certifications.
Students interested in a career as a project manager can enroll in Campbellsville University’s online Master in Management and Leadership program. With graduate-level education, the doors to higher-paying jobs within project management can open for students. The fully online degree provides students with convenience and the ability to take classes while keeping their personal and professional schedules.