Productive project managers spend a BIG percentage of their time communicating, coordinating, and conflict mediating.
With the right planning and preparation, you can build a successful freelance project management business. You may start part-time or hit the ground running as a full-time freelancer.
Contract Project Managers are particularly high in demand as companies often require specialists to come in for a set period of time to manage specific one-off projects. There are many benefits to contracting as a PM over permanent PM roles including: More control over the projects you're involved with.
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Project managers may participate in the contracting process to ensure they understand the project requirements, but it's typically only one part of their job. These professionals are primarily responsible for managing a project to ensure it stays within the expected scope, timeline and budget.
A Project Manager can easily perform the duties of the Contract Manager if he or she possesses the skills, hence acquiring negotiation skills, legal knowledge and being conversant with contract monitoring.
Otherwise known as the 80/20 rule, the Pareto rule is a tool that can be used to improve project management efficiency. The rule states that 80% of the results of a project come from 20% of the work. Therefore, by focusing on the 20% of work that is most important, we can improve the efficiency of a project.
It will depends on the "style" or culture of the organization. The rule of thumb is 15%-20% of the total project duration. More than that then there is a problem to be solve in the project management discipline implementation. Adding to add, some process like Scrum do not consider project manager as a role.