WHAT DOES AN ENTERPRISE PROJECT MANAGER DO?
Updated: Jun 03, 2025 - The Enterprise Project Manager ensures full ownership of all project matters, assigning responsibilities to maximize efficiency and meet targets. Manages resources, monitors milestones, and facilitates stakeholder communication to ensure timely project completion. Assesses risks, escalates critical issues, and conducts post-project reviews to enhance future methodologies.
A Review of Professional Skills and Functions for Enterprise Project Manager
1. Enterprise Project Manager Duties
- Deliverable Review: Review Deliverables Prepared by Project Leadership.
- Methodology Application: Apply Company and Department Methodology Effectively to Enforce Project Standards.
- Status Documentation: Prepare Program and Project Status Review Documentation.
- Risk Management: Facilitate Identification of Program and Project Risks and Prepare Remediation Plans.
- Documentation Oversight: Ensure Project Documentation is Complete, Current, and Distributed Appropriately.
- Project Tracking: Track the Status of All Assigned Projects to Ensure That They Are on Track and on Budget.
- Project Management: Manage Multiple, Highly-Detailed Projects Simultaneously, Bringing Them to Completion Within Expected Timeframes.
- Timeline Management: Manage the Development and Completion of Program Elements Within Related Time Lines.
- Interdepartmental Collaboration: Collaborate Effectively with All Departments to Ensure Project Delivery and Resolve Technical and Business Issues Related to the Project.
- Framework Consistency: Ensure Consistent Use of Project Management Framework in All IT Initiatives.
- Team Interaction: Communicate, Cooperate, and Interact with the Team Effectively and Professionally.
2. Enterprise Project Manager Details
- Project Oversight: Oversees One or More Enterprise-Level Project(s) to Include Project Timelines, Milestones, and Deliverables.
- Goal Management: Ensures that Goals and Objectives of the Project Are Accomplished Within Prescribed Time Frame and Funding Parameters.
- Project Evaluation: Evaluates and Prioritizes New Project Requests Against Defined Criteria and Supports Recommendations for Prioritization and Decision on Timing and Execution of Projects.
- Lifecycle Support: Provides Project Lifecycle Management Support to Ensure Consistency in the Project Methodology, Tools, and Templates Utilized Across Enterprise Strategic Initiatives.
- Standards Compliance: Ensures Reporting Project Managers Comply with Company and Industry Standards for Project Management.
- Financial Oversight: Oversees Project Financials to Optimize Project Performance and Delivery.
- Financial Analysis: Assists Teams with Establishing Financial Projections, ROI and NPV Analyses and Monitors Project Revenue and Expense Budgeting and Forecasting.
- KPI Management: Establishes Project(s) Key Performance Indicators (KPIs) and Periodically Tracks and Reviews KPIs to Ensure Projects Are Meeting Target Goals and Metrics.
- Plan Adherence: Ensures Adherence to the Master Project Plan, Schedules, and Deliverables.
- Progress Monitoring: Monitors and Tracks Overall Status and Progress of Enterprise Strategic Initiatives.
- Problem Solving: Solves Problems and Develops Solutions to Key Issues.
- Plan Participation: Participates in Project Plan Development and Performs Advisory Management.
- Cross-Departmental Collaboration: Communicates and Collaborates with Other Departments Regarding Project Interdependencies, Opportunities, and Impact.
- Interdepartmental Interface: Interfaces with Other Areas Within the Company, Including IT, Operations, Finance/Analytics, Sales & Marketing, and Enterprise Product Development & Management.
- Leadership Reporting: Provides Regular Updates to and Coordinates Project Presentations for the Senior Leadership Team.
- Documentation Management: Completes All Documentation Throughout the Project Lifecycle, Including Creating Business Cases, Project Charters, Business Requirements, and Project Workbooks.
3. Enterprise Project Manager Responsibilities
- Project Vetting: Contributes to Project Vetting and Definition at the Time of Project Conception.
- Scope Clarification: Follows Up with Business Owners for Clarification and Definition of Intended Scope.
- Budget Management: Engages Vendor Management and Finance if Budget Expenditure.
- Charter Development: Develops Project Charter that Includes Specifications and Objectives from Initiation to Delivery for Complex Projects.
- Scope Definition: Interfaces with Organizational Leaders to Define Scope to Meet Objectives, Develop Project Schedules, and Develop Capacity and Resource Requirements.
- Progress Management: Drives Project Progress Throughout the Life Cycle of the Project in Addition to Preparing, Maintaining and Updating Project Plans, Agendas and Systems Set-Up for Projects.
- Task Sequencing: Determines Project Steps, Activities, Sequence of Events, Dependencies and the Duration of Tasks by Engaging Various Levels of the Organization and Subject Matter Experts.
- Plan Updating: On a Regular Basis, Updates the Project Plan and Provides to Project Leadership.
- Executive Reporting: Prepares and Delivers Regular Executive Level Steering Committee Updates.
- Information Synthesis: Intakes Information to Become Well Versed on the Business Needs, Considering the Processes and Services Available and Able to Synthesize and Position This Information in a Meaningful Way to the Team.
- Resource Acquisition: Identifies and Acquires Appropriate Resources Needed, Ensuring Availability Necessary for Project Deliverables.
4. Enterprise Project Manager Accountabilities
- Resource Management: Manages Resources Within Respective Departments, Other Internal Departments, Outside Service Providers as Well as Materials Committed to the Projects.
- Team Assembly: Collaborates with Functional Department Managers to Assemble Project Teams.
- Project Ownership: Focuses and Owns All Project Matters.
- Responsibility Assignment: Assigns and Documents Project Responsibilities Ensuring that Activity, Integration, and Productivity Are Employed in the Most Efficient Manner While Meeting Project Targets.
- Milestone Management: Manages Resources Within Respective Business Areas (As It Relates to Deliverables) as Well as Materials Committed to the Projects to Ensure that Project Milestones Are Met and Completed on Time.
- Stakeholder Communication: Serves as a Central Point of Contact to Routinely Relay, Facilitate and Keep Stakeholders Apprised of the Project’s Status and Respond to Questions or Inquiries Regarding the Project.
- Team Coordination: Maintains Open Communications and Relationships with the Project Team, Coordinating and Conducting Meetings as Appropriate.
- Risk Assessment: Conducts Risk Assessment of Strategic, Technical, Financial, or Business Factors Affecting the Project.
- Progress Monitoring: Monitors Project Deliverables and Progress Through the Duration of the Project Plan, Managing Deviations as Appropriate, Including Project Scope.
- Issue Escalation: Identifies Factors Jeopardizing the Project and Escalates Issues as Appropriate, Recommending Solutions to Senior Project Team Members and Leaders.
- Lessons Learned: Conducts Post Project Reviews with Participation and Guidance from Management Team to Capture Learnings and Identify Areas for Future Improvement and Updates to Project and Program Methodology.
5. Enterprise Project Manager Functions
- Scope Definition: Understands the Bank’s Vision, Strategic Objectives, Priorities, Workstreams, and Valuation Linkages for All Projects & Initiatives and Facilitates the Definition of Project Scope, Goals, and Objectives.
- Project Planning: Develops Detailed Project Management Plans and Identifies Project Task and Deliverables to Build a Project Schedule.
- Project Execution: Drives and Manages the Project According to Plan to Achieve the Desired Objectives and Delivers the Approved Scope On-Time, Within Budget, and With the Expected Quality.
- Team Leadership: Provides Direction, Support, and Leadership to a Cross-Functional Team Comprised of Teammates from All Levels of the Enterprise.
- Business Case Development: Assists in Building Business Case Justification for Projects, Including Financial Analysis, Cost/Benefit Analysis, and Definition of Appropriate Metrics to Measure Success and Benefits.
- Scope Management: Manages the Project to Ensure Project Scope and Execution Align With the Business Case and Benefit Objectives.
- Budget Management: Manages and Controls the Project Budget.
- Mentorship: Acts as a Project Management Mentor and Supports Informal Training of Other Bank Teammates on Project Management Best Practices, Tools, and Techniques.