Yes it's true! Project management is a rewarding career choice that offers high salaries and a lot of variety in the workplace. However, it is also a demanding profession that is often extremely stressful.
Project managers are always in demand: No matter what the industry, qualified professionals are always needed to plan and provision the work. Of course, that’s just the high-level view of project management, which can be a complex and rewarding career. Why project management career? If you’ve wondered whether becoming a project manager is right for you, this article can help clarify why project management might be your best career move.
What Do Project Managers Do?
The basic principles of project management include planning, organizing, securing, controlling, leading and managing resources and tasks to achieve specific business goals. Project managers determine strategies to kick off the project, evaluate and understand the project requirements, analyze and bring the required professionals on board, and monitor the progress of the work.
In addition, a project manager also:
- Decides which skill sets are required for the project
- Sets the budget for the work
- Leads meetings to track the project’s progress
- Sets the schedule and time frame for the project and all subprojects
- Decides how the work will be completed
- Reports on progress to stakeholders
- Manages the culture of the team and organization
Juggling multiple projects, schedules, and tasks can be extremely difficult, but with training and experience, individuals can learn to handle this and more.
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Scope of Project Management
Like many jobs, project management requires a person to have a variety of skills to be successful. In addition to keen organizational skills, project managers should also be effective problem solvers, have above-average math skills and be clear communicators. For those who enjoy varied responsibilities, project management career may be a good match.
Some other reasons to study project management include the following.
- The demand for project managers is high. The Project Management Institute (PMI®) expects 22 million new project management job openings through 2027.
- Project managers are needed in a wide variety of industries. Although quite common in the IT field, project-oriented work is also common in the business service, oil and gas, finance and insurance, manufacturing, construction and utility industries—all over the world.
- Salaries for project managers are competitive. According to Glassdoor, the national average entry-level project manager salary is $59,680.
- Studying helps prospective project managers gain the various skills needed to accomplish the multitude of tasks required to get a job done.
- There are plenty of opportunities for advancement. Highly experienced, specialized, certified project managers can expect to see double the entry-level salary—or more.
- Project managers can really make a difference. They directly impact not only morale but the company’s bottom line. In addition to the enviable salary, that’s a fairly nice reward.
- Some consider project management to be CEO training. Both roles have similar challenges and requirements: working with and for investors, project teams and clients—as well as deal with many of the same pressures and financial restraints.
- Project managers are always learning. They must regularly refresh their knowledge of processes and structures, new markets, technology, products and services, and customers.
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Why Study Project Management?
Simply put, project managers with professional certifications are likelier to earn higher salaries and have more opportunities for advancement than those without certifications. The two most common project management certifications are PMP™ and PRINCE2™. There are benefits to both certifications; those who want to become project management experts may elect to obtain multiple certifications.
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Simplilearn offers multiple project management training courses and learning paths that can help aspiring project managers get not only the education they need to pass certification exams but also real-world knowledge useful for any project management career.
Become a master project manager with UMass Amherst Project Management Online Course. Learn core topics and tools such as agile, design thinking, leadership skills, JIRA, Minitab and so much more.
PMP and PMI have registered marks of the Project Management Institute, Inc.
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