Business Degrees a MUST for Project Managers

It was just a short time ago we talked about project management and even did an in class activity, “The Sky’s the Limit,” to give us the general ideas regarding project management. After researching project management a bit more online I read an article by Jennifer Mateyaschuk from Information Newsweek. As we all know, it is very important for a business project manager to have relative experience in managing a project due to the in depth processes needed to complete projects. Ron Schevlin, who is a analyst for a research company said it best, “The project manager doesn’t necessarily direct the picture, but he or she makes sure the funding is there, the right skills are used in the right places at the right times, and the projects are completed on time and within budget.”

These key ideas, “right skills, right places, right times and staying within budget,” are the key parts of a project manager’s responsibility. His/her job is to use the resources given to them most efficiently and at the lowest cost. This is why people with excellent time management and budgeting skills are some of the best candidate for this position. However, relative business skills are needed in order to effectively be in this position. This may be why a number of project managers are attending business conferences or going back to school to specialize in a particular department.

This is important when it comes to understanding the needs of customers but also listening to employees, co-workers, and other managers. Personally speaking, I would not want to be a project manager in the start of my career in a new industry because my lack of experience will negatively impact the company. I noticed when looking for jobs, any job title that has the words “project manager” will have required qualifications of at least 5 years of relative industry experience and preferred qualifications will have MBA in some business related category, listed. A lot of credit goes out to project managers as they have the weight of the company on their shoulders at all times. They are directly responsible for making sure the company remains profitable and maximizes profits. Projects that are over budget and/or completed late means lost profit for the company. Loss of profit could mean loss of jobs for employees/workers and even ultimately mean firing of the project manager. For these reasons, projects managers are usually compensated pretty well.

How many of you would like to be a project manager? I know I would, but only after having experience to manage large projects!

Mateyaschuk, Jennfier. “Project Managers Learn Value Of Business Skills.”Informationweek. N.p., 7 Dec. 1998. Web. 25 June 2012. <>.