Project management is a critical skill for any professional. Whether you’re working on a project solo or leading a team, having strong project management skills will help you succeed. But what exactly is project management, and what do you need to know to become a successful project manager? In this blog post, we’ll answer those questions and more. So whether you’re just starting out in your career or looking to make a career change, read on for everything you need to know about Project Management!
What is project management, and why is it such a valuable profession?
The application of techniques, methods, skills, knowledge, and experience to meet specific project objectives is known as project management. The goal of project management is to organise and manage a project so that its stated objectives and ultimate deliverables are met. It involves the identification and control of hazards, as well as cautious resource management, smart budgeting, and clear communication among numerous teams and stakeholders.
Because projects are typically complex and involve a large number of stakeholders, having a project manager to lead the initiative and keep everyone on the same page is critical to project success and, ultimately, the bottom line of the organisation. This is why project managers are in high demand and can earn a lot of money in many industries.
What are the top skills for a successful project manager?
A project manager must possess a diverse set of abilities. A smart project manager looks at the broad picture and sets goals, budgets, and schedules that are realistic and doable. Here are the top skills of a project manager:
- Effective Communication
- Scheduling and Time Management
- Technical Expertise
- Risk Management
- Critical Thinking and Problem Solving
We’ve also outlined what a project manager does in one of our previous blogs to help you understand the different tasks of a project manager.
What career options do I have? How much could I earn?
Career opportunities in project management are largely available in many regions of Australia and around the world. Project and program administrators and managers are expected to employ roughly 88,000 individuals in Australia alone. According to government statistics, the key employment sectors are Public Administration and Safety, Education and Training, and Health Care and Social Assistance.
If you’re looking for full-time project management roles, here are some of your options:
- Project Administrator
Project Administrators are in charge of the administrative aspects of a company’s projects and programs. They normally report to a Project Manager or senior management and monitor the project’s daily functions to ensure deadlines and compliance requirements are met. The average salary of a project administrator in Australia is AU$ 79,549 per year.
- Project Manager
The project manager is in charge of the project’s day-to-day operations and must be capable of managing all areas of the project, including scope, schedule, finances, risk, quality, and resources. The average salary of a full-time project manager is AU$123,829 per year.
- Program Manager
Program managers are in charge of ensuring that wider corporate objectives are met. They coordinate efforts across many projects without overseeing them personally. Rather, they oversee the main program, paying close attention to program strategy, project delegation, and execution. The average salary of a full-time program manager is AU$124,236 per year.
- Chief Operating Officer
A chief operating officer (COO) is a senior role in project management. For those considering a career in project management, this is frequently the ultimate goal. The average salary of a COO is AU$159,922 per year.
If you want to get started quickly, consider studying an industry-recognised mini-qualification through Pacific Training Group’s MicroCredentials or fast track your career with our Short Courses in project management.