Project Management Software

 Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. A project is a temporary endeavor designed to produce a unique product, service, or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverable undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, the management of such distinct production approaches requires the development of distinct technical skills and management strategies.

Project management software has always been an important function in business, and it’s only getting more important as time goes by.

In fact, by 2027, employers will need 87.7 million individuals working in project management-oriented roles. To help manage this increasing need, 71 percent of global organizations now have a project management office — an almost 15 percent increase from 2007. The job outlook for professionals with Project Management Software skills is increasingly positive.

If you’re considering a career in project management, you’re likely curious about the different roles and responsibilities you’ll have after earning your degree or certification.

Here, we take a closer look at what Project Management Software does — including key responsibilities — so you can better decide if it is the right career for you.

Key Responsibilities of a Project Manager

So, what do project managers do?

In the broadest sense, project managers (PMs) are responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.

By overseeing complex projects from inception to completion, project managers have the potential to shape an organization’s trajectory, helping to reduce costs, maximize company efficiencies, and increase revenue.

The exact duties of a project manager will depend on their industry, organization, and the types of projects that a Project Management Software is tasked with overseeing. But across the board, all project managers share responsibilities across what’s commonly referred to as the “project life cycle,” which consists of five phases (or processes):

Initiating

Planning

Executing

Monitoring and Controlling

Closing

While it may be tempting to think of these as “steps,” they aren’t. Rather, these are processes project managers continually return to throughout the life of a project.

Below, we take a closer look at each phase of the project life cycle, as well as the different responsibilities a project manager might have in each.

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