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What Does a Project Manager Do? | Roles and Responsibilities

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In this blog, we will explain the role and responsibility of project management.

The role of project management is an essential function in any business. It's becoming more important with the passage of time.

 

Employers will require 87.7 millions project management-oriented workers by 2027. This is why 71% of global companies have a project management department, an increase of almost 15% from 2007. The job prospects for project managers are improving, as is the outlook for all other professionals.

 

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What does a Project Manager do?

 

Project managers (PMs), in the broadest sense of the word, are responsible for organizing and planning the completion and monitoring the progress of projects within an organization. They also ensure that these projects are on-time, within budget, and within the scope.

 

Project managers can help shape the future of an organization by overseeing complex projects, from conception to completion. This will allow them to cut costs, increase efficiency, and maximize revenue.

 

The specific duties of a project manger will vary depending on the industry and type of projects they are responsible for. However, project managers have responsibilities that span what is commonly called the "project lifecycle", which includes five phases or processes.

 

  • Initiating
  • Plan
  • Executing
  • Monitoring and Controlling

 

The Key Responsibilities for a Project Manager

 

1. Initiating

 

Each project is started by project managers who define the main objectives, the purpose and the scope of the project. They identify and discuss the expectations of key stakeholders and obtain authorization to move a project forward.

 

2. Plan

 

Once the charter has been approved, project managers collaborate with key stakeholders to develop an integrated plan that focuses on achieving the goals.

 

Project managers can use the plan created during this phase to manage scope, cost and timelines as well as risk, quality, communications, and communication. This phase is where project managers outline the key deliverables, milestones and tasks to be completed.

 

3. Executing

 

This phase is where team members finish the work identified in the project plan to achieve the project goals.

 

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4. Monitoring and Controlling

 

Although it is listed as the fourth phase of the project management process, monitoring and controlling actually begin at the beginning and continue through execution and closure. A project manager's job in the monitoring and controlling phase includes:

 

  • Monitoring the progress of a particular project
  • Budget management
  • Ensure that important milestones are achieved
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