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This bar graph shows the annual salary for Project Portfolio Managers.
Data sourced from O*NET Online, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
This line chart shows the projected job growth over 10 years for Project Portfolio Managers.
Projected Growth Rate in Job Openings by 2031: 6%
Data sourced from CareerOneStop, provided by the U.S. Department of Labor.
Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
Review loss prevention exception reports and cash discrepancies to ensure adherence to guidelines.
If you're aiming to steer your career towards the role of a Project Portfolio Manager, you're looking at a position that involves overseeing a collection of projects and programs to ensure they align with the strategic objectives and priorities of an organization. Here's a step-by-step guide to help you navigate the path to becoming a successful Project Portfolio Manager.
Before you set your sights on becoming a Project Portfolio Manager, it's crucial to have a clear understanding of what the role entails:
A solid educational foundation is key for a career in project portfolio management:
Practical experience in project management is crucial:
Certifications can enhance your credibility and expertise:
To be effective in this role, focus on developing key competencies:
Networking can open doors and provide valuable insights into the field:
Familiarize yourself with tools and software used in portfolio management:
If you're already working, look for opportunities to get involved with portfolio management tasks:
Once you've built up your experience and qualifications:
Remember, the path to becoming a Project Portfolio Manager is not linear. It may require continuous learning, adapting, and growing professionally. Keep up with industry trends, best practices, and regulatory changes to stay ahead in this dynamic field.
A Project Portfolio Manager is a professional responsible for managing a collection of projects and programs to achieve strategic business objectives. They ensure that projects are aligned with the company's goals, balanced for risk, resourced appropriately, and monitored for performance.
To become a Project Portfolio Manager, you typically need:
Starting a career as a Project Portfolio Manager usually involves:
Project Portfolio Managers are employed across various industries, including:
The typical career progression might look like this:
Yes, it's possible to switch to a Project Portfolio Management role from a different career, especially if you have:
Responsibilities include:
Essential skills for this role include:
While not always mandatory, certification can be beneficial as it:
Relevant certifications include PMP, PgMP, and PfMP (Portfolio Management Professional), which are offered by PMI.
The job outlook for Project Portfolio Managers is generally positive as organizations continue to recognize the importance of strategic project management. Growth may vary by industry but remains steady in fields with ongoing complex projects like IT and construction.
The main differences are: