What is Strategic Projects?
A project can be thought of as a temporary piece of work made up of a series of tasks that need to be completed by a team of people in order to deliver a new product or service.
A Project Manager is the person in charge of ensuring that the project outcome is achieved.
They manage the progress of the project throughout the agreed timeframes ensuring that risks, timelines, and budgets are managed and that the project is delivered to the agreed quality standard.
Strategic Projects in financial services
Almost every organisation in financial services has a form of project or change to deliver, sometimes these are managed as additional pieces of work in addition to another role without the formal title of Project Manager and some people become project managers without realising it. In other firms, dedicated project teams and Project Managers are in place to support ongoing change.
Projects across Jersey’s financial services sector will change by the different strategies and priorities of each firm however, a typical project may involve one of the below:
- Delivering a new product for your clients
- Upgrades to existing technology systems or implementation of new ones
- Undertaking regulatory changes
- Delivering process improvements and operational efficiencies
- Research, knowledge management, and thought leadership
- Managing company mergers and acquisitions or entering into new markets
- Office moves and logistics
What skills do you need?
- Ability to work effectively under pressure
- Strong planning and organisational skills
- Information gathering, analytical, and problem-solving skills
- Communication, negotiation, and interpersonal skills
- Management of people or teams to achieve specific outcomes
- Subject matter expertise in the field of the projects you are running
Qualifications to consider
- APM Project Risk Management Single Subject Certificate
- APM Project Fundamentals Qualification (PFQ)
- APM Project Management Qualification (PMQ)
- APM Project Professional Qualification (PPQ)
- PMI Project Management Professional (PMP)
- PMI Certified Associate in Project Management (CAPM)
- IPMA Level A (Certified Projects Director)
- IPMA Level B (Certified Senior Project Manager)
- IPMA Level C (Certified Project Manager)
- IPMA Level D (Certified Project Management Associate)
Some career opportunities may include but are not limited to:
- Project Manager – a manager of one or more specific projects
- Programme Manager – a manager of a portfolio of projects and often the manager of Project Managers
- Programme Office – a support function that supports the project in maintaining quality standards