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Project managers in the construction and engineering industry play a critical role in leading, planning, and overseeing projects from conception to completion. They are specialists in coordinating the development of new designs and products and determining project labor costs. Their responsibilities also include liaising with contractors, subcontractors, internal shareholders, and departments to ensure projects are completed within budget, given scope, and on time.
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Project managers in the construction and engineering industry play a critical role in leading, planning, and overseeing projects from conception to completion. They are specialists in coordinating the development of new designs and products and determining project labor costs. Their responsibilities also include liaising with contractors, subcontractors, internal shareholders, and departments to ensure projects are completed within budget, given scope, and on time.
Project managers work on a wide range of projects, varying in value and size. Some project managers work on a portfolio of projects, while others manage single, larger scale projects. Additionally, the role of a project manager can also be referred to as a program manager and may differ depending on the business.
The global project portfolio management market was valued at $4.2 billion in 2019, with a projected compound annual growth rate (CAGR) of 13.4% from 2020 to 2027. The use of cloud-based services to remotely monitor projects is driving this growth. To keep up with this anticipated growth, construction and engineering companies can outsource their project management tasks to offshore teams to keep employment costs low without compromising quality.
Outsourcing project managers offers many benefits, including cost savings of up to 70% when compared to hiring locally. By hiring offshore project managers to support the local team with repetitive and time-consuming tasks, businesses can increase output efficiency and quality levels. This allows the local team to focus on higher value work and business growth opportunities.
Leadership is the most important skill that project managers should possess, given their responsibility for leading teams towards a common project goal. Effective communication, scheduling, negotiating, organization, and cost management are essential traits that amplify key leadership skills. A degree or certificate in engineering is desirable to understand the technical and hands-on aspects of the role. Diplomas and certificates in project management can also be seen as an asset from a management perspective.
There is no specific timeline or career path for a project manager, given the number of specialisms and pathways available.
Many construction and engineering businesses use in-house project management software. External tools and systems that project managers within the industry might use include CoConstruct, Asana, Ravetree, Procore, Jonas-Premier, Acculynx, BIM-360, and Ganttpro.
To provide the best level of support for the onshore construction and engineering team, project managers should know the systems and software that the business uses. Employing offshore team members with experience working on similar project sizes can help them understand communication lines and timelines.
Businesses can recruit as many project managers as required from project to project and hire senior project managers to manage offshore teams. Having one team lead can ensure streamlined communication and project updates are effectively delivered to the onshore team.