How to Become Project Manager
This article provides in-depth information into What is Project Manager? What Project Manager do? Degrees for Project Manager, Steps to become Project Manager and much more.
Probably you've managed a number of projects and are thinking about pursuing your career path as a project manager. With proper guidance, anyone interested can succeed in this career by learning project management softwares, certification courses. According to statistics, the average salary earned by a project manager is $75,331 with a rapid job growth of 33% by the end of 2020.
Here is a guide to emphasis on the roles and responsibilities of a project manager, salaries, educational requirements, and key skills required for exponential career growth.
What does Project Manager do ?
A project manager can be defined as professionals who are responsible for the overall execution of the proposed plan to a successful project. He is responsible for handling the team, initiation, planning, controlling and completing the project.
Keeping the projects under the budget is another important thing managed by the project manager.
Project manager usually does a series of activities, prepares the work schedule and assigns the tasks to his delegates, effectively interacts with his team and monitors the progress closely to ensure success within the defined deadline.
Steps for becoming Project Manager
Is Project Management Right For You?
You get a lot of opportunities in every field you enter, but when you decide on pursuing your career as a project manager is not a piece of cake. You must be hardworking, highly motivated and an organized individual to pursue this career. Getting a certification on project management would add more value to your resume and the training you get will fetch you your dream job with a higher salary.
Choose The Right Certification Course
A person who gets certified for the course and specializes in it will always be preferred over a person who has any number of degrees and has no practical knowledge.
Project managers are found in diverse fields, so you choose the course to specialise in according to your interest. The two common certification courses offered by the Project management Institution (PMI) are Certified Associate in Project management(CAPM) and Project Management Professional(PMP).
You could also become a project manager without experience just by completing the certification courses and gaining
Get Educated As A Project Manager
After choosing the certification, you educate yourself for project management. You could also choose the Associate’s, bachelor’s, master’s and doctoral degree to get education regarding the project management skills.
These project managers courses cover the business system analysis, cost analysis, schedule preparation,and controlling projects. The higher level degree covers management theory, agile management, risk management. Additionally, tools required include Gantt charts, time sheets and others.
Clear The Certification Exam
As you complete your education, you prepare for the certification exam. By clearing the exam, you get certified and this takes you closer to your success and adds value to your skills by making you unique than other applicants. You could also take up online exams and get certified by the international Association of Project Managers. The exam covers topics such as risk analysis, team management, project close-out and project review.
The certification you earn has a validity of five years and the certifiers have different requirements, i.e: You must write the exam every five year, You must complete 60 Professional development units every year to maintain certification.
Even though the employer may not value your certificate after a few years, you are required to maintain it to enhance skills and be up-to-date with the new concepts.
Project manager’s salary
According to the 2020 statistics, the project managers earnings range between $65,000 to $87,850 annually and the average earning is about $75,331. Usually, the top 10% of the project managers make about $87,850 and above based on their technical skills and proficiency. This depends on various factors such as the education, certification, additional skills and experience.
The job growth of a project manager role is immense of up to 33 percent and at the end of 2020, 1.5 million new jobs are being created with increasing salaries. The project manager has a wide scope and this is due to their adaptability to various other related professions. With good knowledge on technical skills, tools and techniques, you could add more value to the project manager's role.
For example, project managers in the manufacturing industry perform specific duties and roles to implement agile projects with suitable softwares such as Basecamp, Teamwork projects, JIRA and others to plan and manage teams. This helps them work efficiently and bring an interactive medium between the teams by effective collaboration.
Types of degrees to become a project manager
After you decide upon pursuing your career as a project manager, you start planning your path to reach your career goal. Obtaining a degree for project management and also diverse relevant technical skills will make you good project manager , hence here are various degrees you could chose to reach the project manager goals with enhancement of your skills,
Bachelor's degree in project management:
This four year degree gives you a formal education training on the basic concepts of management practices, industry regulations, budget to become an engineering project manager. This degree gives you other on-campus benefits such as internships, job opportunities.
The project management jobs are spread across various business fields hence this degree is a first step you take towards the Master's degree.
Master’s degree in project management:
A masters degree in project management is a two years program that helps you pursue careers in various fields of business with execution, organising and directing projects. This includes both the theoretical and practical concepts that lays a foundation to relevant project management skills. Students also learn about entrepreneurship and soft skills such as communication, leadership, organizing skills. The Online Master’s in project management program accelerates your learning process offered to working professionals who are committed to achieve their career goals.
Doctoral degree in project management:
This degree program takes 60 credit hours for a student to obtain this degree and two to three years for a part-time program to specialize in another field of project management of your choice. The courses are designed to build strategic competence and research skills.
To get a certification from the Project management institution(PMI) you can take up courses such as CAPM and PMP. These courses are differentiated from each other by the hours of work experience. You qualify for the CAPM if you have work experience of about 1,500 or if you have completed a 23 hours of education. For PMP, you require 4,500 hours of work experience or 35 hours of education. Completing the certification courses will give an upper hand on the technicality and the key skills required for a person with no experience and land on the project manager’s job easily. These courses give you practical knowledge on the subject and help you to get higher earning potential.
Academic concentrations to become a Project Manager
Developing skills and knowledge is very important, the degree program offers both general and practical courses to enhance skills the student and here are some common concentrations offered in project management,
Fundamentals of Project Management:
This course provided knowledge on planning principles and execution of methodologies to increase efficiency of the project. It also deals with organizing events, utilizing resources effectively, analysing project results,and planning to overcome the challenges.
Learn to initial and plan the project
Analyse the plan and organize the tasks
Execution of project with continuous monitoring
Cost, quality and team management:
Course to understand the project management principle to maintain the project under the budget, The estimation of project budget, cost estimation, quality assurance and reliability, working in teams and other necessary skills.
Managing the project under the budget
Communication and risk management:
Course offered to study the principles and importance of communication, managing risk. It also focuses on the identification, measuring and responding to the risks and managing the responsibilities of a project manager.
Study the importance of communication
Communicate well to convey
Ethics, Values and Social responsibility:
This is a core course of project management that educates about theoretical and practical concepts of ethics, ethical decision making , the value added to the project
Ethical decision making on the working model
Learn social responsibility in personal and professional level
Ethical theory on the working model
His course helps in studying the quantitative techniques of the business project and suitable decision making. The analysis includes the explanatory analysis, descriptive statistics, inferential statistics with the analysis of variance, correlation, regression, chi-square analysis.
Analysis of project using various quantitative techniques
Research in quantitative methods
The quantitative models used by managers to analyze project development
Understand the project development and distribution at various stages.
This course offers core knowledge on the financial management of the project, estimation of budget, maintaining the project under the budget. Acquire financial management skills to plan, develop and monitor the project under the challenges faced in the organisation.
Exploring the various theoretical concepts of financial management
Structuring the project capital, procedural finance
Learn the firm’s financial functions and how to maximise the shareholders value.
Organizational behaviour and change:
The core course offers essential knowledge on the behavioural aspects as an individual and in teams, being adaptive to the situations, understanding, motivating and enhancing the productivity of the teammates.
Understanding the work culture, diversity in the organization
Changing the work-related behavior in organisation
Educating yourself to become a project manager not only lets you pursue your job as a project manager but also opens the door to other opportunities. The job opportunities have increased diversity in various fields with varied role descriptions. Some career concentrations are,
Salary: $53,000 to $110,000
A project manager can work well as a construction manager. The roles include to look after the various construction aspects from the start completion of that project. Organising and managing the budget to ensure no delay in the completion of the project is one of the primary tasks. Overcoming the challenges and problems that arise during the tasks are overseen by the project manager. You are required to get a high school diploma and extensive work experience or a bachelor's degree in this related field.
Salary: $53,000 to $110,000
Project managers who look up to the information technology and other fields can land on this job to manage the database while working on the projects. The administrators organise, monitor and update the information with secure technology to ensure no data is lost. This job role requires you to have a bachelor's degree in computer or information technology with the management certification.
The top executives are people who look after the overall functioning of employees towards achieving a common goal. They work on supervising the tasks and also manage the projects with that tasks of hiring the managers, reviewing the financial records, controlling the progress and performance of the organization, managing the contractors and others. The role requires a bachelor's degree and work experience with a management certification to enhance the application.
A general manager is a professional who looks after the overall company’s operations and responsible for managing the revenue and controlling the cost of the company. Although in small companies, general managers are given the tasks of the top executives. According to the Department of Labour, the general managers are most employable as they have the managerial skills that can be adaptable to any field of work.
Salary: $57,000 to $100,000
A business analyst is a person who analyses the business domain or the organization, Its processes, documents related to business and evaluating the business models with the integration of technology. After sufficient analysis, they propose the possible improvements that can be made to improve the processes, services and data analysis.
Stand out skills for a project manager
To succeed as a professional, the project manager must possess core knowledge and soft skills as the project's success and failure depends on the abilities of the project manager. Here are some management skills set to guide you,
Technical knowledge: A project manager must have a good combination of both core technical skills and practical skills to excel in this profession, They must be keen on learning the skills to overcome the challenges and communicate effectively to their teammates and clients. With a sound technical background they understand the ups and downs of the project progress well and work on improving it.
Risk management: As a project manager, you must be ready to take risk and tough decisions for the improvement of the project. You must also have good observation skills and identify the risks arising during the project development and planning phase.
Leadership: In this profession, leadership is an interpersonal skill and plays an important role. It is developed with time and experience, you are not given a team straight away to lead. A good leader makes a team and uplifts all teammates with his progress, these qualities are required for the project manager’s success.
Communication: It is a core skill and essential to interact and guide with his team. His ideas and visions come to life when he communicates effectively. With the diverse team members, his communication acts as a bridge between their work and him to develop the project and increase their productivity.
Problem solving: This is a core skill useful for the project managers career. When the problem arises, he thinks about the problem in various dimensions and develops a solution with his effective problem solving capacity.