Commerce | Business

Project Management

Project management entails the planning and organising of a company's resources in order to complete a certain work, event, or obligation

It can be a one-time project or a continuous effort, with resources such as staff, funds, technology, and intellectual property controlled Whatever the industry, the project manager has basically the same job: to assist define the project's goals and objectives, as well as to identify when and by whom the different project components are to be accomplished They also develop quality control tests to guarantee that finished components satisfy a specific standard Project management is a rewarding career with high pay and plenty of diversity, but it is also a tough job that can be quite stressful at times

Project Management

Career Opportunities

Some are well-known for certain sorts of work, such as Business Analyst, but can also involve project management features depending on where you work. Project Assistant, Project Administrator, Project Scheduler, Project Management Specialist, Project Planner, Project Risk Manager, Project Procurement Manager, Project Quality Manager, Business Analyst, Project Coordinator, Value Delivery Manager, Planning Manager, and Project Lead are just a few of the job titles available.

Future prospects

Project managers are in high demand. According to the Project Management Institute (PMI®), there will be 22 million additional project management job positions by 2027. Project managers are needed in many different sectors. Furthermore, Switzerland has the highest average wage for persons working in this field. Project managers make around $130,000 per year. Following Switzerland is the United States.

Average compensation

In India, project manager salaries range from 4.8 Lakhs to 26.0 Lakhs per year, with an average yearly income of 14.2 Lakhs. In the United States, the average annual compensation for a Project Manager is $78381.

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