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the ROI from these projects and ensures their alignment with the organizations strategic<br />

objectives. Particularly in large organizations, a Portfolio Manager may only have<br />

responsibility for a subset of the organizations projects and their alignment to<br />

organizational strategic objectives. While the portfolio of projects may share resources,<br />

they may have diverse objectives and may be operationally independent of one another.<br />

A Portfolio Manager may interact with senior managers, executives, and major<br />

stakeholders to establish strategic plans and objectives for an organization. May also be<br />

responsible for the organization-wide integration of consistent project management<br />

methodologies and terminology.<br />

5. Program Manager: Responsible for the coordinated management of multiple related<br />

projects, and in many (most) cases, ongoing operations which are directed toward a<br />

common objective. Works with constituent Project Managers (who are responsible to the<br />

program manager for the execution of their project and its impact on the program) to<br />

monitor cost, schedule, and technical performance of component projects and operations,<br />

while working to ensure the ultimate success of the program. Generally responsible for<br />

determining and coordinating the sharing of resources among their constituent projects to<br />

the overall benefit of the program. Usually responsible for stakeholder management,<br />

particularly stakeholders external to the organization.<br />

6. Project Manager III: Under general direction of either a Portfolio Manager or in some<br />

cases a Program Manager, oversees high-priority projects, which often require<br />

considerable resources and high levels of functional integration. In addition to duties of a<br />

Project Manager II, takes projects from original concept through final implementation.<br />

Interfaces with all areas affected by the project including end users, distributors, and<br />

vendors. Ensures adherence to quality standards and reviews project deliverables. May<br />

communicate with a company executive regarding the status of specific projects.<br />

7. Project Manager II: Under general supervision of either a Portfolio Manager or a<br />

Program Manager, oversees multiple projects or one larger project. In addition to duties<br />

of Project Manager I, responsible for assembling project team, assigning individual<br />

responsibilities, identifying appropriate resources needed, and developing schedule to<br />

ensure timely completion of project. May communicate with a Senior Project Manager,<br />

Functional Area Manager, or Program Manager regarding status of specific projects.<br />

8. Project Manager I: Under direct supervision of a more senior project manager, a<br />

Portfolio Manager, or a Program Manager, oversees a small project or phase(s) of a larger<br />

project. Responsibility for all aspects of the project over the entire project life (initiate,<br />

plan, execute, control, close). Must be familiar with system scope and project objectives,<br />

as well as the role and function of each team member, to effectively coordinate the<br />

activities of the team.<br />

9. Project Management Specialist: Responsible for a specific area of project management<br />

(i.e., scheduling, cost management, risk management, etc.). Supports the Project Manager<br />

and their associated projects.<br />

10. Project Management Consultant: Acts as internal or external consultant to one or more<br />

levels of program or functional management in the areas of project planning,<br />

management, best practices, execution and analysis. Is likely to have held senior project<br />

management positions at one or more organizations before becoming a consultant.<br />

11. Functional Manager: Responsible for the operations of any of the organization's<br />

functional groups (e.g., Accounting, Human Resources, Information Technology, etc.).<br />

May also be responsible for the organization-wide integration of policies and procedures<br />

related to the functional group.<br />

12. Educator/Trainer: Primarily responsible for educating students, practitioners, or internal<br />

training professionals in the field of project management. Usually highly experienced<br />

and/or educated in project management. An educator is likely to work in a university or<br />

<strong>Earning</strong> <strong>Power</strong>: Project Management Salary Survey, Ninth Edition<br />

360

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