What Does a Capital Project Manager Do?
A capital project manager is responsible for the planning, coordination, and execution of capital projects. These projects can range in scope from the construction of a new facility to the expansion or renovation of an existing one.
The capital project manager must ensure that the project is completed on time, within budget, and to the required specifications.
Capital project managers must have strong problem-solving skills and be able to work well under pressure. Excellent communication and interpersonal skills are also essential in this role, as they will be responsible for coordinating between different teams and stakeholders.
As construction projects can be complex, capital project managers must be able to effectively plan and organize all aspects of the project. They must also be able to anticipate and solve problems that may arise during the course of the project.
Good decision-making skills are essential in this role, as capital project managers must often make decisions that could have a significant impact on the project.
The capital project manager typically works with a team of engineers, architects, and construction managers to plan and execute the project. He or she is responsible for ensuring that all stakeholders are kept informed of the project’s progress and that any changes or problems are promptly addressed.
The capital project manager must also develop and maintain relationships with contractors, suppliers, and other parties involved in the project. He or she must be able to negotiate favorable terms and conditions with these parties.
The capital project manager typically reports to a senior executive such as a vice president or director. He or she may also have direct supervision over a team of project managers.
A career as a capital project manager can be both challenging and rewarding. Those who are successful in this role often have strong problem-solving skills, excellent communication abilities, and the ability to work well under pressure.
Capital project managers typically need at least a bachelor’s degree in engineering, construction management, or a related field. Some jobs may also require certification from a professional organization, such as the Project Management Institute (PMI).
Capital project managers should have strong computer skills, as they will often use project management software to plan and track progress on construction projects.