Learn about skills, salary, requirements, and reasons to consider a versatile career in project management.
Project managers help companies deliver value by overseeing the planning, execution, and completion of specific projects. This exciting, flexible role is in demand in just about every industry.
Let’s take a closer look at what project managers do, why you should consider a career in project management, and how you can get started.
Project management is the work of leading a team to the successful, on-time, and on-budget completion of a project. Whether running a marketing campaign, constructing a building, developing a computer system, or launching a new product, the project manager is responsible for the success or failure of the project.
A project is typically divided into five different phases: initiation, planning, execution, monitoring or controlling, and closure.
Throughout the lifecycle of a project, the project manager is tasked with:
Defining the scope of the project
Staying on schedule
Planning a project’s cost and sticking to a budget
Managing project resources (including teams and workers)
Documenting the progress of the project
Communicating with stakeholders
Leading quality assurance
The sheer variety of tasks means no two days on the job (or two projects) are quite the same. On any given day, you might be interviewing and hiring new talent, managing team meetings, reallocating resources to cover an unexpected expense, or updating stakeholders on the progress of the project.
Learn more about the lifecycle of a project in this video.
In this position, you play a key role in a company’s success. While many technical and workplace skills go into efficient project management, honing these five skills can help you build a foundation for success in the field:
Leadership: You’ll be tasked with leading a team to achieve a goal.
Communication: You’re often the first line of communication for team members, vendors, stakeholders, and customers.
Organization: The ability to prioritize and multitask will keep projects running smoothly.
Critical thinking: Analyzing and evaluating a situation critically helps prevent issues before they happen.
A sense of humor: Approaching a project with a positive attitude can ease stress and energize your team.
Project management can be a challenging career, but you’ll never face those challenges alone. You’ll often work alongside team members and use software or online tools specifically designed to streamline the process. The specific project management software depends on the project or company but will often include the capability to track time and budgets, create plans and reports, manage invoices, and share calendars across multiple teams.
As you learn more about project planning, you may encounter terms like Agile, Scrum, Kanban, Lean, or Waterfall. These refer to various methodologies—a set of guiding principles or strategies—for managing a project.
Choosing a methodology (or a combination of methodologies) is one of the first decisions you’ll make as a project manager. Which you choose will depend on the industry and type of project.
For example, if you’re working in software development, you may choose to employ Agile techniques. Scrum, an approach to Agile management, uses daily team meetings and short (for example 30-day) “sprints” to develop projects quickly and efficiently. The Lean method, developed by Toyota in the 1970s, seeks to maximize value and minimize waste. It’s still commonly used in the manufacturing industry.
Just about every company has projects. That means just about every company could use a project manager.
Whether you’re interested in construction, architecture, fashion, design, computer science, robotics, or something else entirely, chances are you’ll be able to use project management skills in your career. And since it’s such a versatile career, you can leverage these transferable skills to enhance your resume, no matter where your career takes you.
According to the Project Management Institute (PMI), the median annual project manager salary across all industries in the United States is $116,000 . Most project managers earn between $93,000 and $140,000, with industries like consulting, resources, aerospace, pharmaceuticals, and food and beverage offering the most compensation.
According to the Job Growth and Talent Gap report from PMI, employers will need to fill some 2.2 million new project management-oriented roles each year through 2027 . Job seekers with a combination of leadership and technical skills will find themselves in demand in the coming years.
Industries like healthcare, manufacturing and construction, information services and publishing, finance and insurance, and management and professional services are expected to see the biggest growth in project-oriented roles according to the PMI report.
Project management is a diverse role, and you’ll find that qualifications often vary by industry and company. When looking at what you need to build a career in project management, consider two main areas, education and certification.
Many project managers have a bachelor’s degree in business, computer science, or an industry-related field. While not always a strict requirement, a degree can help you develop the leadership skills you’ll need on the job. Some companies may look for candidates with a graduate degree such as a Master of Business Administration (MBA) of a Master of Science in Management (MSM).
Whether you’re just graduating from college or looking to pivot to a new career in project management, a professional certificate or certification could help enhance your resume to make you more appealing to hiring managers.
With the Google Project Management Professional Certificate, you can learn the skills necessary for entry-level project management roles, even if you have no relevant experience.
If you already have a few years of experience working on projects in a professional setting, you can advance your career with the Project Management Professional (PMP) credential from PMI, an industry-recognized certifications. The UCI Project Management Professional Certificate fulfills the educational requirements for the PMP exam. By earning this certificate, you’ll not only help prepare yourself to pass the exam, you’ll also receive a university-issued credential for your resume.
Getting your first job is only the beginning. As you hone your skills and see projects to completion, you’ll find new pathways to advancement. Here’s a look at the hierarchy of project management roles. Keep in mind these might vary from organization to organization:
|Project coordinator||Assists with administrative tasks for specific projects|
|Project manager I||Manages small projects under supervision of the Senior PM|
|Project manager II||Manages one large project or several smaller projects|
|Project manager III||Manages multiple or high-priority projects|
|Senior project manager||Leads multiple project teams or programs|
|Program manager||Oversees a group of related projects to deliver outcomes that benefit the organization|
|Portfolio manager||Manages an organization’s collection of projects and programs|
|Director of Project Management Office (PMO)||Directs strategic planning of multiple projects and reports to executive management|
Choosing a career as a project manager could open up doors in multiple industries. If you’re ready to take the next steps towards this new career, learn more about earning a Professional Certificate in project management through Coursera.
1. Project Management Institute. "Earning Power: Project Management Salary Survey—Eleventh Edition (2020), https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/pmi-salary-survey-11th-edition-report.pdf." Accessed March 25, 2021.
2. Project Management Institute. "Project Management Job Growth and Talent Gap 2017–2027, https://www.pmi.org/learning/careers/job-growth." Accessed March 25, 2021.
This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.