Seven Reasons Project Management is a Lucrative Career Choice

Why You Should be a Project Manager

If you’ve been considering project management as an occupation then you are on the right track. Besides the never-ending demand for such services, you get the chance to use your project management knowledge and skills to plan, manage, budget, control many other aspects of life.

In essence, as long as people keep consuming goods and service, new projects will always come your way. That promises a high probability of landing a spot even if you are new to the field. According to the Project Management Institute, by 2027, there will at least 22 million projects available for project administrators.

All today industries want to employ qualified PMs because of the cut-throat competition. So, if you’re going to be a project manager, there is no need to worry about employment because they future is bright for you.

Seven Reasons to Go for Project Management Jobs

If you are sitting there wondering whether you should pursue project management or not, then you should probably read find out more about the advantages of this line of work.

  1. You’ll land a job without a hassle.

The employment of PMs is growing by the day. Industries come up with many different projects and someone has to be in charge.

Last year’s project management statistics also indicate that by 2027 companies will need 87.7 million people with project managerial skills.

To carry skillsets that are high in demand, and for job security purposes, it is important to upgrade your education level.

Some of the ways to attain the two is to acquire PMP certification/membership and enroll for project management workshops.

  1. It pays well.

Project management jobs are well-paying. The amount a manager gets depends on the level of qualifications and experience in the field. Meaning, if you want better pay working as a project manager, then you must be willing to work for better papers.

A project manager of the lowest rank gets a salary to the tune of $ 43,000 per year, while the highest can go up to even $ 165,000 per year. And these rates may go up with time because of the increase

  1. You learn as you work.

PMs learn a lot of new ideas and experiences because of the different projects they handle throughout their career. A competent project manager can determine the end product of a project before its initiation.

To qualify as the best or the most successful project manager, you have to manage as many projects as possible. Doing many projects exposes you to more challenges building your capability to manage projects thoughtfully.

  1. Puts you in higher chances of becoming a better chief executive officer (CEO) in the future.

The roles of a CEO and a project manager are almost similar. Exemplary PMs have the potential to become capable CEOs faster.  But that doesn’t mean a project manager can directly become a CEO. Still, with a few supplementary courses and the spirit of an entrepreneur you can be a CEO.

  1. It is a productive career.

If you choose project management as an occupation, you give yourself a chance to improve other people’s lives. Typically, when people decide to do something, they give everything they have because that is what you love doing.

An organization with qualified PMs thrive because of flourishing projects. When PMs ensure quality projects, and see to it that they are successful, promote the production of legit goods.

  1. You can work remotely.

PMs can control team members remotely and still drive a venture to success. Technology makes it easy for crew members to communicate and conduct activities without confusion.

  1. The right job if you love travelling.

If traveling is your thing then project management is the best career choice for you.  Management of projects is not a fixed job like teaching where you have to teach the same school for some time before moving.

PMs travel a lot, managing different projects all over the world. You cannot afford to stay in an organization after finishing the given project.

Managerial Skills Companies Expect from PMs.

It almost goes without saying that the demand for PMs is continuously increasing. Still, many companies insist on specific managerial skills when looking to employ a PM. That is why all PMs must strive to be conversant with the following set of skills;

  1. The Ability to Coordinate a Team.

Even if you have all the certificates and knowledge, a project manager must have leadership skills. PMs should be able to manage and coordinate their staff. Project Management Institute (PMI) insists on 66% leadership skills for a project manager to be effective.

  1. Good Communication Skills.

Crystal clear communication is a must-do if you are going to coordinate a team. Transparency and understanding motivate team members to ask and share ideas for the success of a project.

PMs with excellent communication skills mange to win the hearts of many clients. It also helps to reduce delays, confusion, and misunderstanding during the project development process.

  1. Wise Decision-making, Planning and Risk Management.

For a project to be successful, the manager should be in a position to decide what’s best for the project, do an assessment, and identify risks.  You should be able to delegate duties to your team members, solve conflicts diplomatically, and make sure the project is on track.

  1. Ability to Influence Others.

How you relate with team members and other essential business shareholders matters. Members working under you must be willingly ready to follow your instructions and work hard to ensure the quality of the project.

Skillful PMs should know how to promote teamwork, motivate, and build trust. When people believe in you and your work, it gets easier to deal with them. 

Here are the many ways project management training helps you as a leader, on top of the aforementioned skills.

  1. Better planning.

Project administration lessons help you learn how to bring order within a project. Well-thought-out planning helps to ensure all project activities run smoothly. Planning helps to organize tasks and activities and define a clear path towards the project objectives.

  1. Better Scheduling.

After planning project tasks, the next logical step is to create a schedule that dictates how everything will go own. Proper scheduling helps the project administrator to ensure that all activities end on time.

  1. Better Project Cost Management.

Controlling costs is a critical process within projects. A competent project leader should minimize expenses (as much as possible) without affecting project activities.

Project management training helps you understand the different types of costs that may arise in a venture and how to handle them.

  1. Controlling Risks.

Risks are unforeseen events that may arise within the course of a project and affect its activities. Project management training helps you learn how to identify potential risks and come up with a robust risk management protocol.

  1. Effective Quality Control.

Managing and controlling quality standards helps project managers ensure that all operations run as per the set standard.

Quality control ensures that the end product or result of a project is satisfactory and that it meets all requirements. You can only carry out effective quality control after appropriate training in project management.

Wrap – Up.

Most companies and investors want to employ a project manager with specific skillsets. Project management training is an excellent way to certify yourself as a competent administrator.

These days you do not have to go to an institution to take project management classes. You can enroll in online project administration classes and get your certification in a matter of weeks.

Acquiring training and seeking project management jobs is one of the best career decisions today.

If you’ve been considering project management as an occupation then you are on the right track. Besides the never-ending demand for such services, you get the chance to use your project management knowledge and skills to plan, manage, budget and control many other aspects of life.

And with millions of jobs available in the future, nothing can stop you from living your dream of a top-dollar career.