In this article we discuss Salaries for Project Managers. Project management is the process of directing teamwork to achieve all project objectives within given constraints. This information is usually described in the project documentation created early in the development process. The main constraints are scope, time, and budget. The second challenge is to optimize the functions of monitoring and evaluation and distribution of the required inputs and apply them to achieve the stated objectives.
The goal of project management is to produce a complete project that meets the client’s expectations. In many cases, the goal of project management is to design or revise the customer’s tasks in such a way that the customer’s goals can be best achieved.
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As soon as the client’s goals are clearly defined, they must influence all decisions made by others involved in the project – such as project managers, designers, contractors, and subcontractors. Poorly defined or overly mandated project management objectives are detrimental to decision-making.
Duties of a project manager
Initiating
The project manager starts each new project and determines the project’s main goals, objectives, and scope. They also identify key internal and external stakeholders, discuss shared expectations and obtain the necessary approvals to move the project forward.
Planning
After the approval of the charter, the project manager confers with key stakeholders to create an integrated project plan whose focus is on achieving the set goals.
The plans created during this process help project managers monitor scope, costs, deadlines, risks, quality issues, and communications. During this phase, the project manager outlines the main results and achievements and identifies the tasks that need to be completed to complete them.
Executing
This is the phase where team members complete the work identified in the project plan to achieve the project objectives. The role of the project manager is to assign this work and ensure that the tasks are completed on time.
Monitoring and controlling
Although listed as the fourth phase, the actual monitoring and control process begins early in the project and continues throughout planning, implementation, and completion. Here, the manager does the following:
- Monitor project progress
- Project budget management
- Ensure important milestones are met
- Making a comparison of actual implementation with planned/planned implementation
Closing
In this phase, the project manager ensures that required activities for the achievement of the project objectives have been completed. Here, the project manager does the following:
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- Release all resources (budgetary or human) that are no longer needed for the project
- Review the work of third parties or partners to complete your contract and pay your bills
- Archive project files for future reference and use
Salaries for Project Managers (Project Manager salary)
Project Manager salary for managers shows they earn $98,907 per year. The salaries of Entry Level Project Managers and Senior Project Manager salary in the US range from $76,000 to $94,000, median salary of $80,000 . The middle 67% of Entry Level Project Managers, and Senior Project Manager salary in India makes $70,000, with the top 70% making $94,000.
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