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What does a Project Manager do?

Project managers are responsible for the successful management of a project from initiation to closing. They are the connection between upper management and their team. The position of project manager is present in many industries, including construction, architecture and information technology. If they work for a bank or insurance company, the project manager could eventually become chief operating officer (COO).

Working as a Project Manager

Determining the scope of the project and the available resources
Estimating the time complete the project and maintaining a realistic schedule
Evaluating the cost of the project and ensuring the project stays within budget
Identifying potential risks and preparing a plan of action in case they arise
Communicating about the progress of the project with upper management team

How much does a Project Manager make in the United States?

Average base salary

23.2k salaries reported, updated at May 28, 2020

$86,095

per year

The average salary for a project manager is $86,095 per year in the United States and $13,500 cash bonus per year.

Additional compensation

Cash bonus

$13,500

per year

Most common benefits

401(k) matching
401(k)
Fuel discount
Health insurance
Paid time off

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What is the difference between a project manager and a program manager?

A program manager manages several projects and programs whereas a project manager leads a team responsible for one project.

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Can project managers work from home?

Project managers can sometimes work from home, depending on their current work assignments and company policy. Covid-19 has prompted many companies to adopt remote working practices. Following the pandemic, companies may opt to retain their work from home policies in order to provide flexibility for their workforce.

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Are project managers in demand?

Yes, the demand for project managers is increasing. Professionals even speak of a 'talent gap'. The Bureau of Labor Statistics announced management occupations should rise by 7 percent between 2018 and 2028. The creation of new organizations will require more managers for their operations.

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Is being a project manager stressful?

Project managers work under pressure and stress. First, the deadlines and budgets to respect can be a strain. Second, they are continuously monitoring the different components of their projects and the risks that could occur. Moreover, as they lead a team and play the role of communicator, conflicts can arise, and it is their role to manage them. Without a doubt, the position requires stress resistance.

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