Project analysts help guide a project from start to finish by coordinating information, providing support through data analysis, and contributing to overall strategy and performance evaluation. They are responsible for the documentation and monitoring of the project. Due to their detailed vision of the project, they play an important role in both internal and external communication. Project analysts often report to the project or senior managers and spend most of the working day in the office, usually regular hours with occasional overtime for urgent projects. Full-time positions for large companies are the most common, but part-time work is also possible.
Duties and responsibilities of the project analyst
No two project analysts are exactly the same, as specific skills vary by employer, industry, and the makeup of the project team. However, after researching the job openings, we identified several key tasks and responsibilities common to the job:
Contribute to project planning
Project analysts work with other team members to prepare detailed plans for new projects, determining resource allocation, deadlines, and potential problems. They can also conduct a feasibility study to ensure consistency with customer requests.
Help manage projects
A key part of a project analyst's job is to provide support by managing some of the operational aspects of a project. Possible activities include coordinating with stakeholders and consultants, conducting internal meetings, reviewing finances, and optimizing the overall workflow, with the primary goal of keeping the project on time.
Evaluate and track progress
During planning, project analysts begin the evaluation process by establishing performance indicators. They then monitor each phase of the project with reference to estimates, general plans, and deadlines. This leads to a strategic advantage, as they can better identify obstacles and propose process improvements.
Perform data analysis
Project analysts spend a large portion of their work hours managing data, investigating, monitoring, and analyzing to produce business insights and recommendations for action. From design reviews to performance optimization, the applications for this are endless.
Create documentation
Project Analysts are responsible for creating and maintaining project documentation, including deadlines, resource plans, and meeting minutes. They also need to prepare status reports and regular presentations, which serve as the main source of project information for external teams.
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