In today’s world, project management is one of the most in-demand professions. Nearly half of all organizations now have more than one project management office, with 89 percent having at least one. Before we get into the meat of the topic, let me give you a little primer on project management.
What Is Project Management all about?
Let me explain project management to those who don’t know what it comprises. Project management is the art of bringing together a variety of procedures, methodologies, and deliberate tactics to guide a project from conception to completion. Project management is primarily motivated by the fulfillment of business objectives and customer pleasure.
A project manager is a person in charge of overseeing the overall processes that lead to a product or service that benefits both parties – the company and the final consumers/users.
A project might be an existing product, service, or system, or it can be a completely new product, system, or service. In addition, a project is distinct from ordinary duties; it is an activity or combination of activities that must be completed for a firm to expand.
One of the best things about project management is that unsuccessful projects aren’t pointless; there are usually good reasons for a project’s failure. This knowledge can be unearthed and used for future projects with project management.
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According to polls, most firms that do not invest in project management waste a significant amount of their resources while also failing to achieve the project’s objectives. Waste of resources is minimized with project management because tangible thought is given to developing ideal solutions using powerful tools and processes.
Furthermore, when project management is included in the management of a project, one may count on efficacy. Projects that aren’t worth pursuing can be weeded out before they begin. These kinds of projects can be identified through inspection and performance assessment.
Unfortunately, the potential in this field has been fully realized; only a small percentage of project managers can effectively use a project management software tool, with Microsoft Excel being the most commonly used tool. Furthermore, as compared to other prominent jobs, project management has fewer opportunities for training.
We’ll now look at the career prospects available to individuals who are already in line and those who want to make the jump to project management.
Below is a list of Career Opportunities in Project Management:
- Project Scheduler
- Project Coordinator
- Resource Manager
- Program Manager
- Project Manager
- Scrum Master
The project scheduler prepares schedules for the various stages of the project, as well as sets and monitors deadlines for each stage’s execution. When it comes to planning and maintaining schedules, they are the go-to guy, essentially an assistant to the project managers.
Furthermore, they are responsible for notifying each member of the team and stakeholders of the set deadlines through various communication channels. Also, in the case of delays and inevitable setbacks, they are tasked with providing possible solutions. For each completed stage, they keep a record and make it aware to the rest of the team.
According to a Glassdoor poll, the average income for a project scheduler in Nigeria is $86,789 per year in the US, whereas the typical salary in Nigeria is between N 80,000 and N 100,000 per month.
The project manager appoints a projector coordinator to act as a stand-in for the project manager and oversee the project’s execution. They are in charge of budget planning and financing coordination. They plan meetings and attend meetings that the project managers are unable to attend. Also, they occasionally report back to project managers for a more in-depth examination of their findings and suggestions.
The average income for a project coordinator in the United States is $53,561 per year, whereas the typical pay in Nigeria is between N 245,000 and N 495,000.
When it comes to process management, the project manager would be overwhelmed if he is expected to do everything himself. Delegation is crucial. One of the delegates is a Resource Manager, and one of the key responsibilities of a resource manager is employee management. They are concerned with the hiring and reassignment of employees. They’re also in control of the compensation packages and other perks. They also act as a forum for employees to vent their grievances.
In the United States, a resource manager’s typical salary package is $70,000, while in Nigeria, the average pay is N200,000.
With the necessary business abilities and education, you can advance to become a program manager if you have project management expertise. A program manager is someone responsible for operations that are related to a company’s long-term project goals.
The role is to arrange the project and all connected operations following the company’s objectives, whether it is a single project or a series of projects.
The average salary for a program manager falls between $121,076 and $161,486 as reported by Salary.com as of April 2022. In Nigeria, the pay is around N592,500 for experienced program managers with the average salary between N 250,000 to N 292,500.
The roles of project manager and program manager are frequently confused. A project manager is not the same as a program manager, although they both have comparable responsibilities.
The primary distinction is that a project manager will oversee the team in charge of the project and ensure that all deliverables and milestones are met. A program manager, on the other hand, works directly on projects and programs.
According to Glassdoor, the average annual income for a project manager in Nigeria is N250,000, while the average compensation in the United States is $75,926.
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A Scrum Master is just a team leader who helps the team members working on the project adopt Scrum’s principles and techniques for Agile development. The main responsibility is to teach, promote, and ensure that team members understand the concepts, theories, and practices associated with scrum.
Certification in Scrum development is essential to function as a scrum master in any firm.
The average salary package of a Senior level scrum master in the United States is $93,030 per annum. A senior-level certified scrum master in Nigeria can earn up to N5 million as an average base salary in a year including bonus and other packages.
Final Notes on Career Opportunities in Project Management
Project management is an effective method for identifying solutions that will provide value to an organization and its consumers. The advantages of effective project management make it worthwhile for any firm to embrace as a standard practice.
However, because project management is a new discipline, it has not been generally adopted. As a result, only a few firms have taken advantage of the possibility.
Nonetheless, advancements in technology and extensive research have resulted in a substantial shift in project management throughout the years. The expanded number of employment alternatives and specialization in the sector is one of the developments which we address in this piece.
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