Primary responsibilities of a Project Manager
- Identifying the project’s goals and objectives as well as compiling a list of tasks with start and end dates. In essence, project managers produce a thorough project plan that specifies the timetable, milestones, and resource allocation.
- Dealing with the everyday management of task lists, resources, infrastructure, reports, and personnel to give the project team all they require.
- Identifying and allocating necessary resources such as equipment, budget, and personnel to ensure the project’s success.
- Monitoring the usage of resources and tracking the project expenses.
- Monitoring the risk throughout the process lifecycle and taking corrective actions when necessary.
- Similar to monitoring the risk, they should track changes when they arise so stakeholders are informed.
- Tracking the task completed and establishing effective communication channels with project stakeholders, including clients, team members, and external vendors.
- Ensuring the project completion in a set timeframe and meeting the quality standards and client requirements, which can be achieved by conducting quality checks, performing inspections, and ensuring that the project outcomes meet expectations.
- After completion of the project, the Project manager has to look into the project closure activities like documentation, final reporting, and Knowledge transfer.
Difference between a Project Manager and Product Manager
Product managers and project managers collaborate closely and play an important role in the development of any organisation. In today’s fast-paced business environment, businesses are becoming increasingly competitive, so consistent and long-term planning is required to guide business strategies and set you up for success, so project management and product management are essential for this business strategy. Though both professions appear to be similar, there are several crucial variances that allow us to argue project management and product management are two sides of the same coin. So, in this article, we will distinguish between project manager and product manager.