Aside to the goals and objectives set for the actual project, a Project Manager should also have their own goals and objectives to work towards.

Get the project finished on time

Imagine a project that can go through the whole project life cycle without any changes being made to the requirements. No, can’t imagine it? That’s because at times it’s unavoidable and changes will be necessary to continue. It’s classed as one of the greatest challenges for any Project Manager.

Despite the fact that many organisations will have a Project & Portfolio Management tool in place for scheduling, you will still need to put in the work. It won’t tell you the length of time you will need for each task, you will have to do this manually. When planning a schedule, you will need to use estimation, prediction and in some cases, pure (but educated) guessing. These aren’t skills you can get a degree in, it will fall down to experience. The more projects you work on, the better you will become at project scheduling.

Whether it’s the stakeholders, your client or even a change in software. You need to be prepared with an appropriate strategy in place that allows you to manage your control process very carefully to ensure your project stays within scope.

Finish under budget

A Project Manager will be given full responsibility to manage the budget. When planning the budget, you need to be meticulous about every single cost. Whether this is human resources, equipment or suppliers.

Every project will have had a budget that it needs to stick to. In some organisations, any added expenditure can be classed as a failure against the project.

In some cases, it’s unavoidable that you will need to use an extra budget for certain tasks. If this happens, try to make savings elsewhere in the project to ensure you are still within the limitations.

If you don’t account for everything, you will end up going over budget.

Keep the Stakeholder happy

If you have managed to complete the project on time and within budget (congratulations, by the way) on paper, your project would be a success. However, if the stakeholders aren’t happy, don’t be so quick to jump around in excitement.

Their requirements are never set in stone, they will probably change throughout the project. You will need to manage their expectations accordingly and be flexible to these changes.

Good stakeholder management will help you pave the way to success in the project. You should utilise their skills and experience in order to achieve your goals. It may be difficult to manage them, especially if you are working on a larger scale and have Stakeholders in multiple locations. However, do it well and it will make your time on the project a lot easier.

Unhappy stakeholders can have a negative impact and will affect the project, something you will of course want to avoid.

Keep your team happy

They may have come last on my list, but they are by no means less important than the other three project management goals. Without them, there wouldn’t be anyone to complete the project with you so they are

A happy team is a hard-working team. Cheesy I know, but it’s true. Put in the effort and you will reap the rewards. A team that has high-morale will be more inclined to put in more effort into the project to make it work.

Picture a team where nobody knew each other, communicated on a minimal basis and the work that they did do went unnoticed. It just wouldn’t work, would it? Project team members need to feel like they have a purpose on your team.

Why are Project Manager goals important?

Having defined goals and objectives allow you to keep your efforts focused. This will not only help you but also improve the performance of your team. These should help you to improve the success rate of your projects by completing them on time and on budget.

Goals are important for any Project Manager, they improve performance, efficiency and can help you to develop your career further. Learn some more ways highly successful Project Managers can add value.