In order to complete a project, the project manager needs to process it according to its various stages, such as initiation, development, production or execution, closing, and maintenance.
a) Initiation: This stage helps in determining the nature and possible scope of the development. The job of a project manager includes reviewing of the current operations, conceptualizing the design of the operation, and arranging for the equipment required.
b) Development: This stage deals with the planning and designing of the product that should satisfy the end user, the sponsor of the project, and other business requirements. A project manager needs to supervise all of this.
c) Execution: It includes the implementation of the design, or concept of plan. Most of the work related to the project is realized at this stage and requires complete attention on the part of a project manager.
d) Closing And Maintenance: This is an ongoing process, which includes continuation of support of end users, correction of errors, and updating of the software. It incorporates the acceptance of the final project and it’s ending, which requires the involvement of a project manager.
A career in project management requires people skills, and the competence to handle projects efficiently. Many large corporations such as banks and insurance companies have also started hiring project managers in order to accomplish their work more effectively.
You could have a bright career in project management if you have the ability to initiate work on your own, or delegate it to others.