What is Project Management?

Project management is a critical and structured approach to planning, organizing, leading, and controlling projects. It is the application of processes, methods, skills, knowledge, and experience to achieve specific project objectives within agreed parameters. Here's a detailed explanation:

What is Project Management?

Project management involves overseeing projects from inception to completion. It encompasses several stages, often referred to as the project life cycle:

  1. Initiation: Defining the project at a broad level and establishing its feasibility.

  2. Planning: Detailing the project scope, setting objectives, scheduling, budgeting, and determining resources needed.

  3. Execution: Carrying out the project plan, coordinating people and resources.

  4. Monitoring and Controlling: Tracking the project's progress and performance to ensure it stays on time and budget.

  5. Closing: Finalizing all project activities and formally completing the project.

What Do Project Managers Do?

Project managers are responsible for leading the project from its conception to execution. This includes:

  1. Planning and Defining Scope: They outline the work to be performed and define the scope.

  2. Resource Planning: Determining what resources (time, money, equipment, etc.) are needed.

  3. Time Management: Developing a project timeline, setting milestones.

  4. Budgeting and Cost Estimating: Estimating the cost and developing a budget.

  5. Ensuring Customer Satisfaction: Making sure the customer's needs are met while keeping the project on track.

  6. Risk Management: Analyzing and managing potential risks and mitigating them.

  7. Managing Reports and Necessary Documentation: Keeping detailed project documentation and reporting the project's progress.

  8. Communicating and Leading: Serving as a point of communication and leading the project team.

Why Are They Useful?

Project managers are invaluable for several reasons:

  1. Ensuring Projects Meet Objectives: They keep the project focused on its goals and objectives, ensuring it delivers the intended value.

  2. Efficient Resource Use: They ensure resources are used efficiently and effectively.

  3. Risk Mitigation: By foreseeing potential risks, they keep the project on track.

  4. Communication Hub: They act as a central point of communication for all stakeholders, ensuring everyone is on the same page.

  5. Problem-Solving: Project managers are skilled in resolving issues quickly and efficiently.

  6. Deadline Assurance: They are crucial in making sure projects are completed within the set deadlines.

What Certifications Should Project Managers Get?

Project Managers need a range of certifications that are highly regarded in the field of information technology, especially for professionals working with and on open-source technologies. These certifications cater to various levels of expertise and career paths, from beginners to experienced professionals. The certifications Project Managers should consider getting include:

  • PMP (Project Management Professional)

  • CAPM (Certified Associate in Project Management)

  • CSM (Certified ScrumMaster) 

  • CompTIA Project+

  • PRINCE2 Foundation/PRINCE2 Practitioner

  • PMI-ACP (Agile Certified Practitioner)

  • PgMP (Program Manager Professional)

  • APM (Associate in Project Management)

  • MPM (Master Project Manager)

  • Google Project Management: Professional Certificate 

  • BVOP Certified Project Manager

  • Certified Project Director (CPD)

  • Certified Project Management (CPM)

  • Certified Project Manager (CPM-IAPM)

  • PRINCE2 Agile Foundation/Agile Practitioner 

  • Professional in Project Management (PPM)

  • Agile Certifications

  • PMI Professional in Business Analysis (PMI-PBA)

  • Portfolio Management Professional (PfMP)

  • PMI Risk Management Professional (PMI-RMP) 

  • PMI Scheduling Professional (PMI-SP)

  • PMI Project Management Ready

  • Construction Professional in Built Environment Projects (PMI-CP)

  • Program Manager Professional (PgMP)

  • Agile Certifications

  •  PRINCE2 Agile Foundation/Agile Practitioner

  • PMI Professional in Business Analysis (PMI-PBA)® 

  • Associate in Project Management (APM)™

  • Portfolio Management Professional (PfMP)®

  • PMI Risk Management Professional (PMI-RMP)®

  • PMI Scheduling Professional (PMI-SP)®

  • PMI Project Management Ready

  • Construction Professional in Built Environment Projects (PMI-CP)™


Project Manager FAQs


Is project manager an IT job?

While project management is prominent in the IT industry, it is a universal role found across various sectors. In IT, project managers oversee software development, system implementation, and infrastructure upgrades. However, the principles of project management are equally applicable in industries like construction, healthcare, and manufacturing. They manage timelines, budgets, resources, and stakeholder expectations, ensuring projects meet their objectives irrespective of the industry.


Is project manager job difficult?

Project management can be challenging due to its requirement for a diverse skill set and the need to juggle multiple aspects simultaneously. Project managers must have strong organizational, communication, problem-solving, and leadership skills. They often face pressures from tight deadlines, budget constraints, and complex stakeholder dynamics. The role demands flexibility and adaptability, as project managers frequently deal with unexpected changes and obstacles.


Is project manager a stressful job?

Project management can be a high-pressure and stressful job. Stress often arises from responsibilities like meeting strict deadlines, staying within budgets, managing team conflicts, and handling client demands. Effective project managers mitigate stress through strategic planning, clear communication, delegation, and maintaining a balance between professional and personal life. They also need to be resilient and capable of handling pressure while keeping the team motivated..


Is project manager a high role?

Project management is typically considered a senior role due to its strategic importance to an organization's objectives. Project managers have significant responsibilities and influence over the success of projects. In many organizations, they operate with a high degree of autonomy and authority, making crucial decisions that impact the project’s outcome and, consequently, the organization’s success.


What is 90% of a project manager's job?

Communication is often cited as 90% of a project manager's job. Effective communication involves articulating project goals, expectations, and changes to stakeholders, team members, and clients. It includes negotiating with vendors, resolving conflicts, and reporting progress to higher management. Effective communication skills are critical in ensuring all parties involved are aligned with the project's objectives and progress.


Why do project managers get paid so much?

The high salaries of project managers reflect the critical nature of their role in achieving business objectives. They are responsible for delivering projects that can significantly impact an organization’s financial health and strategic direction. Their ability to manage complex tasks, lead teams, and mitigate risks is highly valued. The role often requires a combination of technical know-how, leadership qualities, and strategic thinking, which justifies their compensation.



How many hours a week do project managers work?

The working hours of project managers can vary widely. While a standard workweek might be around 40 hours, it's not uncommon for project managers to work longer, especially during critical project phases or when approaching deadlines. The job often requires flexibility, with some evenings and weekends spent working or being on call to address project issues as they arise.


Are project managers still in demand?

Yes, project managers continue to be in high demand. As organizations undertake a variety of projects, especially complex ones in technology, construction, healthcare, and other fields, the need for skilled project managers remains strong. The trend towards digital transformation, globalization, and agile methodologies in project management further fuels this demand.


What's the highest paid project manager?

The highest-paid project managers are typically found in high-tech industries, construction, engineering, and consulting. Senior-level project managers or those with specialized skills in areas like IT or construction project management tend to earn the highest salaries. Their compensation reflects the high stakes and complexities of the projects they manage.


Do project managers make six figures?

Many project managers, particularly in industries such as IT, engineering, and construction, or in high-cost-of-living areas, earn six-figure salaries. Factors influencing their compensation include industry, experience, geographic location, and the size and complexity of the projects they manage.


How long does it take to become a project manager?

Becoming a project manager typically involves accumulating several years of related work experience, often in a lower-level or supporting role in project management. Earning a bachelor’s degree is a common starting point, followed by gaining practical experience in project coordination or a similar role. Pursuing a certification like the Project Management Professional (PMP) can also be part of the journey, which usually requires several years of experience before one is eligible to sit for the exam.


Can you become a project manager without a degree?

It's possible to become a project manager without a traditional degree, though it may be more challenging. Relevant experience, strong leadership skills, and a track record of successful project delivery can compensate for the lack of a formal degree. Certifications like the PMP or Certified Associate in Project Management (CAPM) can also bolster credentials and are often highly regarded in the industry.



Can project managers work remotely?

Yes, project management is well-suited to remote work, especially with advancements in project management software and collaboration tools. Remote work in project management requires strong communication skills and the ability to coordinate effectively across different locations and time zones. The nature of project work, with its emphasis on deliverables and milestones, allows for flexibility in where and how the work is done.


Is the PMP test hard?

The PMP exam is widely regarded as challenging due to its comprehensive scope and the depth of knowledge required. The exam tests a wide range of project management topics based on the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK® Guide). Candidates often require extensive study and preparation, including understanding project management principles, practices, and the application of these concepts.

These expanded answers provide a thorough understanding of the project management role, its challenges, rewards, and the path to becoming a project manager. They reflect the multifaceted nature of the job and its significance in various industries.