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Are PM's employed by companies as a permanent position or are they like contractors (kind of like how management consultants are contracted for a specific engagement) who are only employed on a project by project basis and once theproject finishes, they are out of a job? I guess, in other words, do PM's have job security?
Technical aspects of PM are easy.
Not an understatement to suggest that a PMs life can be hell if dealing in an environment with a poor PM culture, poor accountability, and of course poor people.
In my experience, PM role can be productive when tasks are highly repeatable. However, it becomes harder, and even counterproductive, as the task becomes more dynamic and innovative.
On this note, I've got a question. I'm a young engineer working with a very large EPCM company (Engineering Procurement Construction Management). I've worked for about a year in a technical engineering role, and have now made a shift to Project Controls. Essentially for the capacity of these projects (~ $1 billion dollars) they require an entire team to assist the Project Manager, which is the Project Controls team. Unlike most engineers I have very well developed interpersonal skills and have always envisioned myself in a client communications/sales role. I've never enjoyed the technical aspect of engineering, and feel like my skills would be better utilized in a different facet, more so towards business logistics. What should my next step be to get to a PM role? MBA or CFA? Or should I focus on getting back to an engineering position for a while to develop a better technical foundation. I went to a pretty prestigious and competitive University and being in a faculty I never really enjoyed resulted in me having a sub-par GPA (2.7). I'm worried about being unable to get into any good MBA schools because of this, despite how I perform on the GMAT. Should I consider taking classes to boost my GPA? Or just try to score really high on the GMAT? Sorry OP, didn't mean to hi-jack this thread, just thought my question would fit well in here rather than making a new thread. edit: My apologies, had posted this in here before seeing the MBA thread.
Other than: dam's, military projects (and only then its submarines, aircraft carriers or attack ships; technically a 'new' b-2 would cost $1.01 Billion), spacecraft, and the international space station, cross-country pipelines, and nuclear power-plants, what else costs a billion dollars?