What do project managers actually do?
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Whether a small business or a large project with sweeping corporate objectives, project managers are essential for the success of the project lifecycle.?
?Well-executed project management prevents ineffective money, workforce, and resource consumption. In fact, PMI states that “communication breakdowns” is a contributing factor in 56% of the projects that failed. By the beginning of 2027, corporates will need 87.7 million individuals in project management-oriented roles.?
?In this article, we take you on a short journey to have a closer look at the role of the project managers and their key responsibilities.
So, What do project managers actually do?
Generally speaking, the project manager is mainly responsible for minimizing operational costs, maximizing company revenue, and ensuring it is delivered on time, on budget, and within scope.?
Although these responsibilities fluctuate depending on the industry and the type of organization, the project managers share common responsibilities throughout the project life cycle, which consists of five phases, including:
1. Initiation?
Project managers begin each new project by figuring out the objective of the project, identifying the business needs and sequencing resources. Moreover, they identify internal and external stakeholders and gain the required authorization to proceed with the project.?
More specifically, they are responsible for undertaking the following:?
2. Planning
After finalizing the first phase, project managers start establishing the plan. During this phase that they will outline critical deliverables, build teams, create smaller goals within bigger projects, and identify the tasks that must be completed within specific time frames. They also oversee scope, cost, timelines, risk, quality issues, and communications.?
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The project manager is mainly responsible for identifying the project timeline, the tasks to be performed, and possible constraints,? creating workflow diagrams, estimating the budget, and creating a financial plan to get the maximum return on investment.
3. Execution
Once the business is approved, the plan is developed, and the team is built, it is time to turn the plan into action and track, organize team members, brief them on tasks, and communicate with team members, clients, and upper management:?
The project manager is also responsible for providing updates to project stakeholders, managing timelines, and ensuring the work is done according to the original plan.?
4. Closure
Once the plan is completed, it is now time to enter the closure phase. Here, the project manager provides final deliverables, releases project resources, and determines the project's success. In this phase, it is important? to:
Project Management Methodologies
There are a variety of methodologies used for project management, including guiding principles and processes that guide the planning, management, and execution of projects. Your choice of project management methodology will influence how work is prioritised and completed. One of the famous and modern methodologies is Agile.
Agile Methodology, What’s that?
An Agile methodology involves breaking up a project into phases. At every stage, continuous improvement is achieved through constant collaboration with stakeholders. Once work has begun, teams cycle through a process of planning, executing, and evaluating. It is imperative that team members and stakeholders collaborate continuously.
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