A project management analyst is responsible for providing analytical support for various projects; assisting in budget analysis and financial analysis; drafting cost estimates, work statements, and financial reports; ensuring customer satisfaction; monitoring fund receipts; developing cost estimates; preparation of monthly and quarterly reports; project scheduling; finding critical activities using critical path methodology (CPM); and documentation, monitoring, and communication of project assumptions and key risks to appropriate stakeholders. Some employers may refer to those in similar positions as project analysts, SAP consultants, business management analysts, senior analysts, or senior project management analysts.
Project management analyst job candidates should have a bachelor’s degree in business administration or an MBA, should be proficient in Microsoft Project Server, and should have an understanding of SAP BW, SAP Project System, or SAP Work Management System. This may require candidates to have project scheduling, project planning and control (PPC), or similar experience.
The project manager is responsible for bringing the project in on time and within budget, but there is a team of people who help steer that big ship successfully to port, often working collaboratively via project. The project manager works with the project team, vendors and others, but the project analyst is often the closest associate, as they monitor critical project KPIs such as stakeholder requirements.
According to the Project Management Institute (PMI), requirements-related problems are the main issue that cause projects to become problematic. that 70-85% of all project rework is caused by errors in requirements. So, in order to avoid these errors, you might want to consider adding a project analyst to your team if you haven’t already.
Project managers and project analysts use their combined skills, competencies and knowledge to get the project done right.