Role of Project Managers in modern businesses
Designing a project plan is not just a matter of following a recipe. The project plan is only as good as the people in the team. Suppose you're in charge of moving your office to a new location, and you hire a team to do it. Everyone loves the idea, and the first day everything seems perfect. But then the hammer hits the nail, and someone rings the dinner bell, and before you know it, you're eight weeks behind schedule and everyone is furious.
It doesn't have to be this way. Suppose you gave everyone a checklist of things to do, and every day someone checked off an item on the list. But suppose the person checking the items off was kind of a jerk. With this kind of team, nothing would get done. Modern project managers need PMS tool to manage projects.
Understanding project management
Project management is a field of work that deals with the management of resources such as time, money, people, materials and equipment in order to meet specific objectives.
The project manager is the person in charge of all the activities involved with a project. To do this, the project manager must be able to plan and organize the work, assign tasks to team members, make budgets, monitor progress and control resources.
The project manager has the power to make decisions on the allocation of resources, and to keep employees informed of such decisions.
Project management is a profession and this must be done according to a strict code of ethics.
Making Money in project management
Project management is one of the most helpful disciplines for making money. If you can organize a group of people to do a task, and charge them to do it, you make a lot of money. Skilled project managers can make a lot of money.
But the only people who know how to do project management well are project managers. Not everyone can be one. Being one requires a lot of specialized knowledge. Fortunately, however, project managers need a lot of specialized knowledge. And it turns out that you don't need to be one yourself. You don't need to be the one who does the job; all you need to do is figure out what the job of the person who will be doing the job should be. Online project management software helps you to achieve more everyday with less work.
Use PMS tools for effective project management
So managing projects is a way to make wealth, for a circle of people. But it isn't the only way. There are other ways to make money by managing other people. Some of these ways involve making projects, some don't. The easiest is to buy a job from someone who has it. Then you don't have to do the work yourself. You can hire someone to do it. The trouble, of course, is that someone else has to do the job.
Another way is to hire someone to do the work for you. Here you hire one person to do the work of several people. Now your job is to find out how many people the work can be done by. Your job is then to hire someone to do the work. The biggest enterprise in management is the enterprise of managing other people. And managing other people is the thing no one does well.
The people who do the best job of managing other people are economists. Because economists are specialists. They have a special way of looking at things. They have a special way of looking at people, and at groups of people, and at businesses, and at projects. Economists have special ways of measuring things: things like productivity, or quality, or cost, or profit.