Information technology is critical in modern businesses of all sizes and industries. However, implementing new IT systems or upgrading existing ones is complex. It requires careful planning, budgeting, execution, and oversight. That’s where project management comes into play.
What is Project Management?
project management involves planning, organizing, and directing information technology projects from initiation to completion. It involves careful and technical planning, scheduling, risk management, resource allocation, and overseeing all aspects of a technology project’s lifecycle from initial conception through final delivery and implementation.
What Does a Project Manager Do?
A project manager is the leader responsible for ensuring technology initiatives are successfully carried out on time, within budget, and to the required specifications.
The role encompasses a wide range of responsibilities throughout the project lifecycle. In the planning phase, the information technology project manager must collect requirements, define scope and objectives, develop schedules and budgets, and assemble the right team with the necessary skills and experience. During execution, they lead the team, coordinate activities, monitor progress, manage risks and changes, and maintain clear communication with stakeholders. Finally, they oversee the closing procedures like testing, user training, documentation, and transitioning the deliverables to operational status.
Critical Skills for Project Managers
To ensure project success, project managers need a versatile skill set blending technical knowledge with leadership abilities. On the technical side, they must deeply understand information technologies like hardware, software, networks, databases, security protocols, and more. This IT expertise allows them to plan projects properly, foresee potential issues, and ensure alignment with an organization’s technology strategy and standards.
However, more than technical skills are needed for successful project management. These leaders also need outstanding planning, budgeting, scheduling, and organizational skills to keep complex projects on track. They must have strong problem-solving abilities to identify and mitigate risks, keen analytical skills, and, most importantly, top project managers possess excellent leadership and other interpersonal qualities to communicate clearly to their team and keep stakeholders informed.
Professional certifications have become essential for many project managers to help them build those softer skills. The Certified Associate in Project Management (CAPM) from the Project Management Institute (PMI) and CompTIA Project+ are among the most widely recognized and respected certifications for validating the competencies needed to lead complex projects.
The Project Management Process
While every project is unique, most project managers will follow a similar overarching process with five key phases:
Initiation
In this crucial first phase, the project manager works with stakeholders, sponsors, and company leadership to clearly define project scope, objectives, requirements, and constraints. They assess whether the proposed project is viable and aligns with strategic goals. They develop the project charter and begin assembling the team if approved to proceed.
Planning
With the foundation in place, the planning stage involves mapping out all aspects of the project in detail. The project manager creates work breakdown structures, schedules, budgets, staffing plans, risk assessments, etc.
Execution
Once the plans are in place, the project moves into the execution phase, where the real work happens. The project manager provides leadership to keep everything on track, delegating tasks, managing resources, ensuring quality control, mitigating risks, and continually monitoring progress against goals.
Monitoring and Control
While overseeing execution, the project manager must monitor and control all factors that could impact the project. This includes:
- Strictly adhering to change control processes
- Tracking metrics like costs and schedules
- Identifying new risks
- Taking corrective actions when needed.
Closing
When all the deliverables have been completed and approved, the project enters the closing stage. The project manager verifies all work, gets formal sign-offs, releases resources, captures lessons learned, and officially transitions the project outputs to the operations team.
Project Management Methodologies
An project manager’s methodology can significantly impact how the phases above play out. Traditional, plan-driven approaches like Waterfall rely on extensive upfront project planning and a sequential progression through each phase. In contrast, adaptive methodologies like Agile and its frameworks (e.g., Scrum) take an incremental approach with continuous re-planning, testing, and adjustments.
Many project managers leverage a hybrid methodology, utilizing sequential and iterative techniques based on the specific project needs. For example, running certain phases like initiation and planning in a linear Waterfall style but executing the build iterations in an Agile framework.
The most effective approach depends on project complexity, uncertainty, need for frequent changes, timeline flexibility, and team preferences. Experienced project managers are adept at tailoring methodology to optimize quality, efficiency, and business value delivery.
Project Management Tools
project managers rely on robust software tools to keep these complex technology initiatives organized and on schedule. While basic project management software provides essential capabilities like task tracking and Gantt charts, project management requires more advanced, specialized features.
An ideal project management solution includes integrated support for Agile frameworks, resource management functionality for technical teams, tools for managing releases and approval workflows, and integrations with development tools like GitLab. It should also provide real-time visibility across all project artifacts with customizable dashboards and reporting for IT key performance indicators.
Top project management tools like Wrike, Microsoft Project, and Jira cover all these needs with comprehensive functionality tailored for technical project environments.
Project Manager Job Market and Salary
Given the immense scope of responsibilities, project managers are in high demand across all industries, as organizations need professionals who can blend technical expertise with strong leadership abilities.
Project management-oriented employment (PMOE) accounts for a staggering 3% of the global workforce, translating to approximately 90 million jobs. However, this number is projected to skyrocket to an astonishing 102 million jobs by the year 2030.
The global market will need 25 million new project management professionals by 2030 to bridge this widening gap. This translates to a staggering requirement of 2.3 million individuals entering the project management-oriented employment sector yearly to keep pace with the surging demand.
With such an unwavering demand and a clear need for talented professionals, there has never been a better time than the present to embark on or advance your project management career.
Salary Expectations
Salaries for project management roles can vary significantly depending on factors like job title, experience level, location, and company size.
The potential to earn a top salary is high in project management. According to the U.S. Bureau of Labor Statistics, the median annual wage for project management specialists was $98,580 in May 2023.
Once landing an project management role, successful professionals can advance along a rewarding career path. With further experience, top-performing project managers can move into senior-level and executive leadership roles such as Senior Project Manager and Director of Program Management.
Project Management: The Key to Technical Excellence
In our digital age, nearly every business is a technology business. project management skills are in hot demand across all sectors as companies strive to stay ahead of emerging trends and outpace competitors through technical innovation.
Recognizing the critical need for skilled project managers, CIAT offers an Project Management degree program. This program will equip students with the comprehensive skills needed to excel in this dynamic field. The curriculum covers essential project management methodologies, technical competencies, and leadership skills, ensuring that graduates are well-prepared to tackle complex projects from initiation to completion.
By enrolling in CIAT’s Project Management degree program, you are investing in a future where you can lead technological initiatives, drive innovation, and make significant contributions to your organization.
