Senior Project Manager

Senior Project Manager

Project Managers apply knowledge, skills and techniques to execute projects effectively and efficiently, often in team-based environments. Project Managers must demonstrate strategic business understanding and leadership skills, as well as focus on the technical mechanics of project delivery. Senior Project Managers oversee initiatives with broader scope, typically impacting more people and involving more significant financial investment.

ROLE-AT-A-GLANCE
Binoculars
Demand Outlook
*

Project management skills, including the ability to effectively execute projects and identify and manage project risk, will continue to be highly sought-after.

Diploma
Education & Credentials
*
Data chart
Quantitative Skills Required
*
Group of people
Interpersonal Skills & Relationship Management
*
Multiple devices Specialized Technology Skills
*
Desktop area Work Environment

Office; may be full-time, part-time or contract

ROLE-AT-A-GLANCE
Binoculars
Demand Outlook
*

Project management skills, including the ability to effectively execute projects and identify and manage project risk, will continue to be highly sought-after.

Diploma
Education & Credentials
*
Data chart
Quantitative Skills Required
*
Group of people
Interpersonal Skills & Relationship Management
*
Multiple devices Specialized Technology Skills *
Desktop area Work Environment

Office; may be full-time, part-time or contract


WHAT IT IS

Key Role Dimensions

Responsible for end-to-end project delivery efforts: Develop plans, set up teams, keep projects on schedule, ensure that milestones are met, achieve project completion and conduct post-project reviews.

Identifying and managing ongoing issues and potential risks: Maintain awareness of how interrelated issues may impact one another and affect successful completion of the project.

Focus Areas

Project Managers simultaneously and continuously manage multiple finite projects. As they near the end of one project, they tend to move straight into the next engagement. Project Manager roles exist across the Financial Services industry and focus on wide-ranging types of projects in business and technology.


WHAT IT TAKES TO SUCCEED

Key Job Accountabilities

Project Managers are generally accountable for:

Project Initiation & Scoping:

  • Establish broad project parameters with the project business sponsor or program manager, such as goals and scope of what will be included (and excluded) from the project. 
  • Agree on a broad project approach (e.g. for larger projects, a phased approach is common).
  • Establish the project team and executive oversight committee members.
  • Clarify a high-level timeframe showing the sequence of project phases and events, including timing of delivery milestones.
  • Outline a high-level budget.

Project Set-up & Planning:

  • Establish team staffing (who will participate, when and how).
  • Prepare a project plan, including sub-work streams if necessary.
  • Identify project task interdependencies.
  • Create a detailed budget for various project elements – work effort, equipment, etc.
  • Engage vendors and undertake any necessary procurement.

Project Execution & Delivery:

  • Facilitate regular team status meetings and report on progress to stakeholders.
  • Make ongoing adjustments to the project plan details as time goes on and things change.
  • Evaluate quality on an ongoing basis.
  • Allocate resources at various points in time.
  • Ensure proper project closure and post-reviews.

Knowledge, Skills & Experience

Must-haves:

  • Knowledge of project and change management tools and methodologies (g. the Project Management Book of Knowledge – PMBOK® Guide, Capability and Maturity Model, Six Sigma, AGILE)
  • Relationship management skills
  • Facilitation, negotiation and problem resolution skills
  • Adaptability & Mental Flexibility: Adaptable to dynamic environments, changing demands and unforeseen situations
  • Team Leadership & Development: Ability to organize and motivate others to manage and lead change initiatives
  • Budget, cost and profitability management skills
  • Risk forecasting and mitigation skills
  • Knowledge of business process improvement

 Nice-to-haves:

  • Several years of project officer experience
  • Experience working in an AGILE methodology environment

Education & Credentials

Project Management positions typically require:

  • Undergraduate university degree
  • Graduate degree

 In the fields of:

  • Business
  • Information Systems Management
  • Industrial Engineering

 Employers in different segments may require candidates to possess one or more of these designations:

 Other certifications and designations required may include:

  • Internal accreditations within the organization
  • Large organizations (e.g. IBM) have Project Management certifications. 

WHERE IT CAN TAKE YOU

Career Pathways

A career as a Project Manager can be exciting and is often a long-term career choice with a great deal of growth opportunity as no two projects are ever the same. There are also a number of pathways open to Project Managers through:

  • Increased Seniority: You may move up to the role of Senior Project Manager or Program Manager (overseeing several interrelated projects that produce a larger business objective), or even Project Management Office Director (who may coordinate projects across an entire organization).
  • Transition into Business Management: You may be able to move into a business management role if you develop deep experience or knowledge of a specific business area. For example, someone who has executed many projects related to technology could transition to a senior IT leadership role.

Future Trends & Impacts

Ongoing business restructuring has resulted in more investment in larger-scale business transformation projects. Companies in the financial services sector are increasingly appreciating the bottom-line impact of well-run projects and demanding higher levels of professional standards on the part of project management practitioners. These developments are positive for anyone looking for opportunities in project management.



Looking for personalized career matches?

Complete the Career Assessment tool and find your match to in-demand careers that Toronto employers are hiring for. Completely free!

Find your career match