What is Project Management? The Basics of Project Management Guide

Project management is a critical process used in a wide range of industries to plan, organize, and manage resources to successfully complete specific project goals and objectives. This comprehensive guide covers the basics of project management, key terms and concepts, project management methodologies, the role of a project manager, and more. Whether you are new to project management or looking to brush up on core principles, read on to learn what project management entails.

What Exactly is Project Management?

At its core, project management is the process of leading, directing, and managing resources, tasks, and stakeholders to achieve specific project deliverables and success criteria within constraints. It involves planning, creating schedules, managing budgets, implementing quality control, and guiding a project from conception through completion.

Project management provides structure, organization, and control over otherwise disjointed work. It ensures efficient use of resources and that project components come together seamlessly. Project management is applicable across industries and organizations. It is a critical function that enables projects to be completed successfully.

Some key things that define project management include:

  • Planning and defining project goals, deliverables, tasks, timelines, and resources

  • Implementing structure, organization, and oversight throughout a project

  • Managing and guiding the work of the project team

  • Monitoring progress and adjusting as needed

  • Managing budgets, schedules, communications, resources, stakeholders etc.

  • Leading a project seamlessly through completion and delivery

In essence, project management uses specific knowledge, skills, tools and techniques to deliver project outcomes and meet requirements. Project managers lead teams through structured project management processes to accomplish the project objectives.

Why is Project Management Important?

There are many reasons why project management is essential for any type of project in any industry. Some key reasons project management is important include:

  • Ensures efficient use of resources and stays within budget

  • Provides structure, oversight, and control to deliver within constraints 

  • Reduces risks and increases ability to manage issues and scope changes

  • Improves transparency into progress and status

  • Enables collaboration and management of stakeholder expectations

  • Drives accountability for goals and timelines

  • Provides tools to plan, track, and manage all aspects of a project

  • Increases likelihood of a successful project outcome

Without effective project management, projects can easily become derailed by scope creep, budget overages, lack of resources, unmanaged issues, or inadequate planning. A project manager provides leadership and expertise to steer projects through complex objectives and keep all components coordinated.

Key Concepts and Terms in Project Management

Project management has its own language and terminology to describe concepts related to managing, planning, and executing projects. Understanding some key terms is helpful for anyone involved in project work. Some core project management concepts and vocabulary include:

Project: A temporary endeavor undertaken to create a product, service or result. Has defined start and end.

Project Management: Application of knowledge, skills and techniques to execute projects effectively and efficiently.

Project Manager: Person responsible for managing the project through direction and control.

Project Sponsor: Person or group who provides resources and support for the project.

Project Stakeholders: Individuals and organizations involved in or affected by project activities. 

Project Scope: The defined boundaries of a project - what will be delivered and what will not.

Project Schedule: The project calendar detailing activities, durations and sequence.

Project Budget: Planned cost estimates and financing for the project. 

Project Plan: Formal document guiding project execution and includes baselines for scope, schedule, cost.

Work Breakdown Structure (WBS): Hierarchical decomposition of project into smaller, manageable components.

Gantt Chart: Visual project schedule showing activities displayed against time.

Critical Path: The sequence of dependent activities that determine project duration.

Milestone: Significant event or checkpoint to track progress.

Deliverable: Tangible product or result produced and delivered by project.

These are just some of the fundamental terms used in project management. We'll cover some additional key concepts in more detail throughout this guide.

Different Types of Project Management

There are several different frameworks and methodologies for carrying out project management, depending on the type of project:

  • Waterfall Project Management - Linear, sequential approach with distinct phases for conception, initiation, planning, execution, monitoring, and closure.

  • Agile Project Management - Iterative approach with continuous planning, execution, and improvement in cycles. Focuses on adaptability and fast delivery.

  • Critical Path Method (CPM) - Uses network diagrams and critical path scheduling to manage complex projects with interdependent activities.

  • Critical Chain Project Management (CCPM) - Modified CPM approach that applies buffers to manage uncertainty and resources.

  • Event Chain Methodology - Focuses on reliable task durations and scheduling to avoid cascading delays.

  • Joint Application Development (JAD) - Collaborative workshops used to gather input and build consensus.

  • Six Sigma & Lean - Focus on quality, reducing defects and waste, and improving processes.

  • PRINCE2 - Structured project management approach widely used for UK government projects. 

  • PERT - Statistical tool for analyzing and representing task sequences and activity duration estimates.

The best methodology depends on the needs of the project. Many projects incorporate aspects of various approaches.

The 5 Stages of the Project Management Process

The project management process provides the structure and discipline to manage projects effectively. There are five general stages:

1. Initiation

This first phase involves conceptualizing the project, gathering information, and getting the project started. Key initiation activities include:

  • Establishing project objectives, goals, and scope

  • Obtaining authorization and funding

  • Defining high-level requirements

  • Identifying project stakeholders

  • Developing project charter

2. Planning

In the planning phase, project details are defined and documented in a project plan. Activities include:

  • Creating work breakdown structure 

  • Defining tasks, timelines, costs

  • Estimating resources needed

  • Planning quality, communications

  • Identifying risks and mitigations

  • Obtaining approvals on project plan

3. Execution

This is the phase where the project plan is put into action. Activities involve:

  • Building project deliverables

  • Managing and communicating with team

  • Tracking work against plan 

  • Maintaining budget and managing changes

  • Updating stakeholders on progress

4. Monitoring & Controlling

In this phase, project progress is tracked to ensure work aligns to the plan and make any necessary adjustments. Activities include:

  • Monitoring scope, schedule, resources, costs, quality 

  • Managing changes and issues

  • Reporting status and metrics

  • Maintaining communications

  • Updating project plan as needed

5. Closing

In the final phase, the project is wrapped up and brought to completion. This involves:

  • Obtaining final acceptance for deliverables

  • Handing off completed products/processes

  • Freeing up resources and reallocating as necessary

  • Documenting lessons learned

  • Archiving project documents

  • Celebrating team success!

This five-phase approach provides an organized framework for executing project work from start to finish.

Understanding the Role of a Project Manager

The project manager plays a critical leadership role in overseeing all aspects of a project from initiation through to closing. Key responsibilities include:

  • Developing project plans and tracking deliverables, schedules, costs

  • Leading and managing the project team

  • Implementing project management processes 

  • Monitoring progress and performance 

  • Managing communications with stakeholders

  • Anticipating and mitigating project risks

  • Managing issues to prevent impact on objectives

  • Managing change control and scope creep

  • Reporting project status to sponsors and stakeholders

  • Building consensus and resolving conflicts

The project manager is involved throughout the project lifecycle and leads the team to successful project completion. They provide structure, guidance, tools and expertise to deliver projects within scope, on time, and within budget.

Why Choose a Career in Project Management?

Pursuing a career in project management provides excellent opportunities for leadership roles across diverse industries. There is high demand for qualified project management professionals. Some key advantages of a project management career path include:

  • Applicable across all organizations and sectors

  • Allows focus on leadership, strategy, and business operations

  • Provides ability to manage, motivate and mentor teams

  • Develops analytical, communication, and decision-making skills

  • Promotes understanding of all aspects of an organization

  • Offers opportunities to build influence at senior levels

  • Commands competitive salaries with potential for high earnings

  • Enables mobility across different projects and industries

  • Delivers immense satisfaction of seeing projects completed 

With the right mix of skills, qualifications, and experience, project managers can build an exciting and rewarding career delivering successful projects.

Choosing Project Management Certifications

There are a number of project management certifications to help professionals demonstrate competency and advance their careers. Some top certifications include:

  • PMP® - Project Management Professional from PMI

  • CAPM® - Certified Associate in Project Management from PMI

  • PgMP® - Program Management Professional from PMI

  • PMI-ACP® - PMI Agile Certified Practitioner

  • PRINCE2® - PRINCE2 Certification 

  • CSM® - Certified ScrumMaster

The PMP and CAPM from the Project Management Institute are the gold standard credentials. Earning a certification shows commitment and can give a competitive edge.

Key Skills for Project Managers

To be an effective project manager requires an expansive skillset. Technical project management skills are crucial. But soft skills in leadership, communication, and relationship-building are equally important. Some essential project manager skills include:

  • Leadership - motivate and guide teams

  • Communication - active listening and clear messaging

  • Organization – coordinate many moving parts

  • Time Management – maximize productivity 

  • Problem Solving – analyze issues and deliver solutions 

  • Negotiation - reach consensus and manage conflict

  • Team Building - manage relationships and collaboration

  • Agility - adapt to changes and uncertainties

By leveraging these types of soft skills and technical expertise, project managers can deliver success across different project environments.

Using Project Management Software

Project management software provides tools to plan projects, assign resources, collaborate with teams, track progress, manage issues, and visualize workflows. Popular tools include:

  • Microsoft Project

  • Oracle Primavera P6

  • SAP Project Management

  • Workfront

  • Smartsheet

  • Asana

  • Trello

  • Basecamp

Leveraging software helps coordinate team members, tasks, schedules, documents and other elements of a project. It improves transparency, drives accountability, and enhances efficiency.

Key Takeaways and Summary

  • Project management is the process of leading and directing teams, tasks, and resources to accomplish project goals

  • It provides structure, oversight, and guidance to complete projects on time and budget

  • Key concepts include the project lifecycle, scope, scheduling, resource management and more

  • Project managers play a critical leadership role in delivering successful projects

  • There are various project management approaches and certifications to build expertise

  • Project management software provides tools to plan, organize, track, and manage projects

With the right preparation, methodology, and skills, project managers can effectively coordinate and deliver all types of projects across all types of organizations. While project management involves juggling many moving parts, the reward is achieving project success and adding value through superior project execution.

What is Project Management? The Basics of Project Management Guide

Project management is a critical process used in a wide range of industries to plan, organize, and manage resources to successfully complete specific project goals and objectives. This comprehensive guide covers the basics of project management, key terms and concepts, project management methodologies, the role of a project manager, and more. Whether you are new to project management or looking to brush up on core principles, read on to learn what project management entails.

What Exactly is Project Management?

At its core, project management is the process of leading, directing, and managing resources, tasks, and stakeholders to achieve specific project deliverables and success criteria within constraints. It involves planning, creating schedules, managing budgets, implementing quality control, and guiding a project from conception through completion.

Project management provides structure, organization, and control over otherwise disjointed work. It ensures efficient use of resources and that project components come together seamlessly. Project management is applicable across industries and organizations. It is a critical function that enables projects to be completed successfully.

Some key things that define project management include:

  • Planning and defining project goals, deliverables, tasks, timelines, and resources

  • Implementing structure, organization, and oversight throughout a project

  • Managing and guiding the work of the project team

  • Monitoring progress and adjusting as needed

  • Managing budgets, schedules, communications, resources, stakeholders etc.

  • Leading a project seamlessly through completion and delivery

In essence, project management uses specific knowledge, skills, tools and techniques to deliver project outcomes and meet requirements. Project managers lead teams through structured project management processes to accomplish the project objectives.

Why is Project Management Important?

There are many reasons why project management is essential for any type of project in any industry. Some key reasons project management is important include:

  • Ensures efficient use of resources and stays within budget

  • Provides structure, oversight, and control to deliver within constraints 

  • Reduces risks and increases ability to manage issues and scope changes

  • Improves transparency into progress and status

  • Enables collaboration and management of stakeholder expectations

  • Drives accountability for goals and timelines

  • Provides tools to plan, track, and manage all aspects of a project

  • Increases likelihood of a successful project outcome

Without effective project management, projects can easily become derailed by scope creep, budget overages, lack of resources, unmanaged issues, or inadequate planning. A project manager provides leadership and expertise to steer projects through complex objectives and keep all components coordinated.

Key Concepts and Terms in Project Management

Project management has its own language and terminology to describe concepts related to managing, planning, and executing projects. Understanding some key terms is helpful for anyone involved in project work. Some core project management concepts and vocabulary include:

Project: A temporary endeavor undertaken to create a product, service or result. Has defined start and end.

Project Management: Application of knowledge, skills and techniques to execute projects effectively and efficiently.

Project Manager: Person responsible for managing the project through direction and control.

Project Sponsor: Person or group who provides resources and support for the project.

Project Stakeholders: Individuals and organizations involved in or affected by project activities. 

Project Scope: The defined boundaries of a project - what will be delivered and what will not.

Project Schedule: The project calendar detailing activities, durations and sequence.

Project Budget: Planned cost estimates and financing for the project. 

Project Plan: Formal document guiding project execution and includes baselines for scope, schedule, cost.

Work Breakdown Structure (WBS): Hierarchical decomposition of project into smaller, manageable components.

Gantt Chart: Visual project schedule showing activities displayed against time.

Critical Path: The sequence of dependent activities that determine project duration.

Milestone: Significant event or checkpoint to track progress.

Deliverable: Tangible product or result produced and delivered by project.

These are just some of the fundamental terms used in project management. We'll cover some additional key concepts in more detail throughout this guide.

Different Types of Project Management

There are several different frameworks and methodologies for carrying out project management, depending on the type of project:

  • Waterfall Project Management - Linear, sequential approach with distinct phases for conception, initiation, planning, execution, monitoring, and closure.

  • Agile Project Management - Iterative approach with continuous planning, execution, and improvement in cycles. Focuses on adaptability and fast delivery.

  • Critical Path Method (CPM) - Uses network diagrams and critical path scheduling to manage complex projects with interdependent activities.

  • Critical Chain Project Management (CCPM) - Modified CPM approach that applies buffers to manage uncertainty and resources.

  • Event Chain Methodology - Focuses on reliable task durations and scheduling to avoid cascading delays.

  • Joint Application Development (JAD) - Collaborative workshops used to gather input and build consensus.

  • Six Sigma & Lean - Focus on quality, reducing defects and waste, and improving processes.

  • PRINCE2 - Structured project management approach widely used for UK government projects. 

  • PERT - Statistical tool for analyzing and representing task sequences and activity duration estimates.

The best methodology depends on the needs of the project. Many projects incorporate aspects of various approaches.

The 5 Stages of the Project Management Process

The project management process provides the structure and discipline to manage projects effectively. There are five general stages:

1. Initiation

This first phase involves conceptualizing the project, gathering information, and getting the project started. Key initiation activities include:

  • Establishing project objectives, goals, and scope

  • Obtaining authorization and funding

  • Defining high-level requirements

  • Identifying project stakeholders

  • Developing project charter

2. Planning

In the planning phase, project details are defined and documented in a project plan. Activities include:

  • Creating work breakdown structure 

  • Defining tasks, timelines, costs

  • Estimating resources needed

  • Planning quality, communications

  • Identifying risks and mitigations

  • Obtaining approvals on project plan

3. Execution

This is the phase where the project plan is put into action. Activities involve:

  • Building project deliverables

  • Managing and communicating with team

  • Tracking work against plan 

  • Maintaining budget and managing changes

  • Updating stakeholders on progress

4. Monitoring & Controlling

In this phase, project progress is tracked to ensure work aligns to the plan and make any necessary adjustments. Activities include:

  • Monitoring scope, schedule, resources, costs, quality 

  • Managing changes and issues

  • Reporting status and metrics

  • Maintaining communications

  • Updating project plan as needed

5. Closing

In the final phase, the project is wrapped up and brought to completion. This involves:

  • Obtaining final acceptance for deliverables

  • Handing off completed products/processes

  • Freeing up resources and reallocating as necessary

  • Documenting lessons learned

  • Archiving project documents

  • Celebrating team success!

This five-phase approach provides an organized framework for executing project work from start to finish.

Understanding the Role of a Project Manager

The project manager plays a critical leadership role in overseeing all aspects of a project from initiation through to closing. Key responsibilities include:

  • Developing project plans and tracking deliverables, schedules, costs

  • Leading and managing the project team

  • Implementing project management processes 

  • Monitoring progress and performance 

  • Managing communications with stakeholders

  • Anticipating and mitigating project risks

  • Managing issues to prevent impact on objectives

  • Managing change control and scope creep

  • Reporting project status to sponsors and stakeholders

  • Building consensus and resolving conflicts

The project manager is involved throughout the project lifecycle and leads the team to successful project completion. They provide structure, guidance, tools and expertise to deliver projects within scope, on time, and within budget.

Why Choose a Career in Project Management?

Pursuing a career in project management provides excellent opportunities for leadership roles across diverse industries. There is high demand for qualified project management professionals. Some key advantages of a project management career path include:

  • Applicable across all organizations and sectors

  • Allows focus on leadership, strategy, and business operations

  • Provides ability to manage, motivate and mentor teams

  • Develops analytical, communication, and decision-making skills

  • Promotes understanding of all aspects of an organization

  • Offers opportunities to build influence at senior levels

  • Commands competitive salaries with potential for high earnings

  • Enables mobility across different projects and industries

  • Delivers immense satisfaction of seeing projects completed 

With the right mix of skills, qualifications, and experience, project managers can build an exciting and rewarding career delivering successful projects.

Choosing Project Management Certifications

There are a number of project management certifications to help professionals demonstrate competency and advance their careers. Some top certifications include:

  • PMP® - Project Management Professional from PMI

  • CAPM® - Certified Associate in Project Management from PMI

  • PgMP® - Program Management Professional from PMI

  • PMI-ACP® - PMI Agile Certified Practitioner

  • PRINCE2® - PRINCE2 Certification 

  • CSM® - Certified ScrumMaster

The PMP and CAPM from the Project Management Institute are the gold standard credentials. Earning a certification shows commitment and can give a competitive edge.

Key Skills for Project Managers

To be an effective project manager requires an expansive skillset. Technical project management skills are crucial. But soft skills in leadership, communication, and relationship-building are equally important. Some essential project manager skills include:

  • Leadership - motivate and guide teams

  • Communication - active listening and clear messaging

  • Organization – coordinate many moving parts

  • Time Management – maximize productivity 

  • Problem Solving – analyze issues and deliver solutions 

  • Negotiation - reach consensus and manage conflict

  • Team Building - manage relationships and collaboration

  • Agility - adapt to changes and uncertainties

By leveraging these types of soft skills and technical expertise, project managers can deliver success across different project environments.

Using Project Management Software

Project management software provides tools to plan projects, assign resources, collaborate with teams, track progress, manage issues, and visualize workflows. Popular tools include:

  • Microsoft Project

  • Oracle Primavera P6

  • SAP Project Management

  • Workfront

  • Smartsheet

  • Asana

  • Trello

  • Basecamp

Leveraging software helps coordinate team members, tasks, schedules, documents and other elements of a project. It improves transparency, drives accountability, and enhances efficiency.

Key Takeaways and Summary

  • Project management is the process of leading and directing teams, tasks, and resources to accomplish project goals

  • It provides structure, oversight, and guidance to complete projects on time and budget

  • Key concepts include the project lifecycle, scope, scheduling, resource management and more

  • Project managers play a critical leadership role in delivering successful projects

  • There are various project management approaches and certifications to build expertise

  • Project management software provides tools to plan, organize, track, and manage projects

With the right preparation, methodology, and skills, project managers can effectively coordinate and deliver all types of projects across all types of organizations. While project management involves juggling many moving parts, the reward is achieving project success and adding value through superior project execution.

What is Project Management? The Basics of Project Management Guide

Project management is a critical process used in a wide range of industries to plan, organize, and manage resources to successfully complete specific project goals and objectives. This comprehensive guide covers the basics of project management, key terms and concepts, project management methodologies, the role of a project manager, and more. Whether you are new to project management or looking to brush up on core principles, read on to learn what project management entails.

What Exactly is Project Management?

At its core, project management is the process of leading, directing, and managing resources, tasks, and stakeholders to achieve specific project deliverables and success criteria within constraints. It involves planning, creating schedules, managing budgets, implementing quality control, and guiding a project from conception through completion.

Project management provides structure, organization, and control over otherwise disjointed work. It ensures efficient use of resources and that project components come together seamlessly. Project management is applicable across industries and organizations. It is a critical function that enables projects to be completed successfully.

Some key things that define project management include:

  • Planning and defining project goals, deliverables, tasks, timelines, and resources

  • Implementing structure, organization, and oversight throughout a project

  • Managing and guiding the work of the project team

  • Monitoring progress and adjusting as needed

  • Managing budgets, schedules, communications, resources, stakeholders etc.

  • Leading a project seamlessly through completion and delivery

In essence, project management uses specific knowledge, skills, tools and techniques to deliver project outcomes and meet requirements. Project managers lead teams through structured project management processes to accomplish the project objectives.

Why is Project Management Important?

There are many reasons why project management is essential for any type of project in any industry. Some key reasons project management is important include:

  • Ensures efficient use of resources and stays within budget

  • Provides structure, oversight, and control to deliver within constraints 

  • Reduces risks and increases ability to manage issues and scope changes

  • Improves transparency into progress and status

  • Enables collaboration and management of stakeholder expectations

  • Drives accountability for goals and timelines

  • Provides tools to plan, track, and manage all aspects of a project

  • Increases likelihood of a successful project outcome

Without effective project management, projects can easily become derailed by scope creep, budget overages, lack of resources, unmanaged issues, or inadequate planning. A project manager provides leadership and expertise to steer projects through complex objectives and keep all components coordinated.

Key Concepts and Terms in Project Management

Project management has its own language and terminology to describe concepts related to managing, planning, and executing projects. Understanding some key terms is helpful for anyone involved in project work. Some core project management concepts and vocabulary include:

Project: A temporary endeavor undertaken to create a product, service or result. Has defined start and end.

Project Management: Application of knowledge, skills and techniques to execute projects effectively and efficiently.

Project Manager: Person responsible for managing the project through direction and control.

Project Sponsor: Person or group who provides resources and support for the project.

Project Stakeholders: Individuals and organizations involved in or affected by project activities. 

Project Scope: The defined boundaries of a project - what will be delivered and what will not.

Project Schedule: The project calendar detailing activities, durations and sequence.

Project Budget: Planned cost estimates and financing for the project. 

Project Plan: Formal document guiding project execution and includes baselines for scope, schedule, cost.

Work Breakdown Structure (WBS): Hierarchical decomposition of project into smaller, manageable components.

Gantt Chart: Visual project schedule showing activities displayed against time.

Critical Path: The sequence of dependent activities that determine project duration.

Milestone: Significant event or checkpoint to track progress.

Deliverable: Tangible product or result produced and delivered by project.

These are just some of the fundamental terms used in project management. We'll cover some additional key concepts in more detail throughout this guide.

Different Types of Project Management

There are several different frameworks and methodologies for carrying out project management, depending on the type of project:

  • Waterfall Project Management - Linear, sequential approach with distinct phases for conception, initiation, planning, execution, monitoring, and closure.

  • Agile Project Management - Iterative approach with continuous planning, execution, and improvement in cycles. Focuses on adaptability and fast delivery.

  • Critical Path Method (CPM) - Uses network diagrams and critical path scheduling to manage complex projects with interdependent activities.

  • Critical Chain Project Management (CCPM) - Modified CPM approach that applies buffers to manage uncertainty and resources.

  • Event Chain Methodology - Focuses on reliable task durations and scheduling to avoid cascading delays.

  • Joint Application Development (JAD) - Collaborative workshops used to gather input and build consensus.

  • Six Sigma & Lean - Focus on quality, reducing defects and waste, and improving processes.

  • PRINCE2 - Structured project management approach widely used for UK government projects. 

  • PERT - Statistical tool for analyzing and representing task sequences and activity duration estimates.

The best methodology depends on the needs of the project. Many projects incorporate aspects of various approaches.

The 5 Stages of the Project Management Process

The project management process provides the structure and discipline to manage projects effectively. There are five general stages:

1. Initiation

This first phase involves conceptualizing the project, gathering information, and getting the project started. Key initiation activities include:

  • Establishing project objectives, goals, and scope

  • Obtaining authorization and funding

  • Defining high-level requirements

  • Identifying project stakeholders

  • Developing project charter

2. Planning

In the planning phase, project details are defined and documented in a project plan. Activities include:

  • Creating work breakdown structure 

  • Defining tasks, timelines, costs

  • Estimating resources needed

  • Planning quality, communications

  • Identifying risks and mitigations

  • Obtaining approvals on project plan

3. Execution

This is the phase where the project plan is put into action. Activities involve:

  • Building project deliverables

  • Managing and communicating with team

  • Tracking work against plan 

  • Maintaining budget and managing changes

  • Updating stakeholders on progress

4. Monitoring & Controlling

In this phase, project progress is tracked to ensure work aligns to the plan and make any necessary adjustments. Activities include:

  • Monitoring scope, schedule, resources, costs, quality 

  • Managing changes and issues

  • Reporting status and metrics

  • Maintaining communications

  • Updating project plan as needed

5. Closing

In the final phase, the project is wrapped up and brought to completion. This involves:

  • Obtaining final acceptance for deliverables

  • Handing off completed products/processes

  • Freeing up resources and reallocating as necessary

  • Documenting lessons learned

  • Archiving project documents

  • Celebrating team success!

This five-phase approach provides an organized framework for executing project work from start to finish.

Understanding the Role of a Project Manager

The project manager plays a critical leadership role in overseeing all aspects of a project from initiation through to closing. Key responsibilities include:

  • Developing project plans and tracking deliverables, schedules, costs

  • Leading and managing the project team

  • Implementing project management processes 

  • Monitoring progress and performance 

  • Managing communications with stakeholders

  • Anticipating and mitigating project risks

  • Managing issues to prevent impact on objectives

  • Managing change control and scope creep

  • Reporting project status to sponsors and stakeholders

  • Building consensus and resolving conflicts

The project manager is involved throughout the project lifecycle and leads the team to successful project completion. They provide structure, guidance, tools and expertise to deliver projects within scope, on time, and within budget.

Why Choose a Career in Project Management?

Pursuing a career in project management provides excellent opportunities for leadership roles across diverse industries. There is high demand for qualified project management professionals. Some key advantages of a project management career path include:

  • Applicable across all organizations and sectors

  • Allows focus on leadership, strategy, and business operations

  • Provides ability to manage, motivate and mentor teams

  • Develops analytical, communication, and decision-making skills

  • Promotes understanding of all aspects of an organization

  • Offers opportunities to build influence at senior levels

  • Commands competitive salaries with potential for high earnings

  • Enables mobility across different projects and industries

  • Delivers immense satisfaction of seeing projects completed 

With the right mix of skills, qualifications, and experience, project managers can build an exciting and rewarding career delivering successful projects.

Choosing Project Management Certifications

There are a number of project management certifications to help professionals demonstrate competency and advance their careers. Some top certifications include:

  • PMP® - Project Management Professional from PMI

  • CAPM® - Certified Associate in Project Management from PMI

  • PgMP® - Program Management Professional from PMI

  • PMI-ACP® - PMI Agile Certified Practitioner

  • PRINCE2® - PRINCE2 Certification 

  • CSM® - Certified ScrumMaster

The PMP and CAPM from the Project Management Institute are the gold standard credentials. Earning a certification shows commitment and can give a competitive edge.

Key Skills for Project Managers

To be an effective project manager requires an expansive skillset. Technical project management skills are crucial. But soft skills in leadership, communication, and relationship-building are equally important. Some essential project manager skills include:

  • Leadership - motivate and guide teams

  • Communication - active listening and clear messaging

  • Organization – coordinate many moving parts

  • Time Management – maximize productivity 

  • Problem Solving – analyze issues and deliver solutions 

  • Negotiation - reach consensus and manage conflict

  • Team Building - manage relationships and collaboration

  • Agility - adapt to changes and uncertainties

By leveraging these types of soft skills and technical expertise, project managers can deliver success across different project environments.

Using Project Management Software

Project management software provides tools to plan projects, assign resources, collaborate with teams, track progress, manage issues, and visualize workflows. Popular tools include:

  • Microsoft Project

  • Oracle Primavera P6

  • SAP Project Management

  • Workfront

  • Smartsheet

  • Asana

  • Trello

  • Basecamp

Leveraging software helps coordinate team members, tasks, schedules, documents and other elements of a project. It improves transparency, drives accountability, and enhances efficiency.

Key Takeaways and Summary

  • Project management is the process of leading and directing teams, tasks, and resources to accomplish project goals

  • It provides structure, oversight, and guidance to complete projects on time and budget

  • Key concepts include the project lifecycle, scope, scheduling, resource management and more

  • Project managers play a critical leadership role in delivering successful projects

  • There are various project management approaches and certifications to build expertise

  • Project management software provides tools to plan, organize, track, and manage projects

With the right preparation, methodology, and skills, project managers can effectively coordinate and deliver all types of projects across all types of organizations. While project management involves juggling many moving parts, the reward is achieving project success and adding value through superior project execution.