Thirty-nine per cent of projects valued in excess of €5.9m fail, and only 2.5pc of 10,500 projects from 200 international companies have been successfully completed, studies suggest. That’s a lot of pressure on project managers, the subject of this week’s career memes.
US research is behind the study that found the 39pc failure rate, and PricewaterhouseCoopers undertook the study of projects at the 200 firms, Business Review Europe reported.
A project manager’s role can involve many and varied tasks, such as hiring staff, communicating job expectations, planning, monitoring, budgeting and appraising employees’ progress and completion of a project, making recommendations to strategic plans, and essentially being responsible for the delivery of a project on time and on budget.
In Ireland, a project manager can expect to earn a salary of €40,000, at the very least, up to about €90,000, according to IrishJobs.ie.