How Much Does a Project Manager Make Per Hour

Looking for software project management courses? Want to learn how to become a project manager? Then you’ve come to the right place. This post is all about software project management courses. We discuss some of the best online software project management courses that are available, what you need to become a project manager, and what the typical salary is of a software project manager.

Do you want to learn about software project management course? You’re not alone. There are many people who want to become project managers. Getting an education in this field is the best way to go about doing that. Consider these software project management courses, and you’ll be on your way to educating yourself in the field.

What is a project manager in software?

Project managers in software provide consistent leadership and technical expertise to help their teams complete projects correctly and on time. During the software development process, project managers help their teams design, execute, monitor and finalize their work so clients receive high-quality content.

Software project managers typically work full-time hours in an office environment and oversee both the production of the deliverable and the employees performing the work. Because of their leadership responsibilities, software project managers may work extra hours to help employees meet deadlines and finalize project details.

Project Management Manager manages and directs the work of project managers and provides managerial oversight for multiple projects. Monitors project scopes, costs, schedules, staffing, communications, outside vendors, and contractual deliverables. Being a Project Management Manager develops standards, processes, and tools used for effective project scheduling and to set and manage quality targets. Addresses internal or vendor issues that may impede project delivery and develops solutions. Additionally, Project Management Manager tracks at risk metrics and facilitates actions to keep projects on track. Establishes data collection and reporting processes to capture key metrics of project activities and to provide periodic reporting. Requires a bachelor’s degree. May require a project management certification. Typically reports to a director. The Project Management Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Project Management Manager typically requires 5 years experience in the related area as an individual contributor. 1 – 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

What does a project manager in software do?

A software project manager’s job responsibilities often depend on the scope of the projects they’re working on. However, there are several job duties all software project managers are responsible for, including the following:

  • Communicating with clients: Software project managers work with clients to establish project budgets, specifications and deadlines.
  • Leading the team: Software project managers assign tasks, evaluate their team’s performance and provide guidance throughout the software development process.
  • Planning: Software project managers translate the client’s requests into project plans. They create timelines and develop checkpoints for progress.
  • Serving as a liaison: During a project, software project managers frequently communicate with clients and team members to discuss progress and make any requested adjustments.
  • Testing and ensuring results: To make sure the final product meets the client’s expectations, software project managers run tests and analytics on the team’s creations.

Median and Average Wages

As of 2011, the reported average income of a project manager was $45.14 an hour, according to the Bureau of Labor Statistics. Project managers earned a mean annual salary of $93,900. The median hourly wage of project managers in 2011 was $40.50, and half of all project managers reportedly received wages of between $31.15 and $53.85 per hour.

Regional Wages

The highest-paying states for project managers were located in the Northeast and West as of 2011, while those in the South reported the lowest hourly pay. New York ranked first with an average wage of $61.62 per hour, followed by New Jersey at $60.48, Rhode Island at $59.93, Washington, D.C. at $53.78 and Alaska at $53.53. Arkansas reported the lowest average wage in the country for project managers, $32.27 an hour. The highest local pay for project managers was found in Elmira, New York, where the average hourly wage for this occupation was $74.79 an hour. The highest average wage reported in a nonmetropolitan area was $62.48 an hour, in Southwest Alaska.

Wages by Industry

About one quarter of all project managers worked in nonresidential building construction as of May 2011 and earned an average of $45.41 an hour. Those who worked as building equipment contractors earned slightly less, averaging $46.52 an hour, while those engaged primarily in residential housing construction made an average of $43.50 an hour. Those who specialized in the construction of hotels averaged $62.75 an hour, while project managers who oversaw the construction of amusement parks earned an average of $60.57 an hour.

Average and Median Rates of Pay

The Bureau of Labor Statistics reports that as of 2011, construction managers in the United States earned an average salary of $93,900 per year. The median of all salaries reported for project managers was $84,240 per year, with 50 percent earned between $64,000 and $112,000 per year. The lowest-paid 10 percent earned $51,000 or less per year on average, while the highest-paid10 percent earned more than $149,000 per year.

Regional Rates of Pay

Salaries for project managers vary in different parts of the country. Those in the South Central states tended to earn the least, while those working in the Northeast and the West earned the most. The very lowest rate of pay was reported in Arkansas, where project managers earned an average of $67,120 per year and $32.27 per hour. New York reported the highest average rate of pay in the country, at $128,170 per year and $61.62 per hour.

Individual Industry Pay Rates

As of 2011, about one quarter of all project managers worked in nonresidential building construction, where they averaged $94,450 per year and $45.41 per hour. Those working for construction companies that built primarily homes and residences averaged slightly less, about $90,490 per year and $43.50 per hour. Project managers working as independent contractors reported average salaries ranging from $89,000 to $97,000 per year. Comparatively high rates of pay, between $126,000 and $131,000 per year, were reported by those building primarily hotels and amusement parks.

Employment Prospects

Employment prospects for project managers should be good in the coming decade, according to estimates published by the Bureau of Labor Estimates. The number of jobs is expected to grow 17 percent from 2010 to 2020, slightly higher than the national average for all professions. Job prospects should be best for project managers who have a bachelor’s degree in a field related to construction management, such as construction science or civil engineering.

Conclusion:

A software project manager plays an important role in the management of any company that designs, develops, or releases information technology software. They are responsible for making sure that their projects stay on time and on budget. Software development can be complicated and you need to know at least something about the process before you set out to become a project manager because your job will depend upon it.

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