Functional Manager Vs Project Manager: Differences, & Similarities

In today’s fast-paced business environment, organizations rely heavily on effectively managing projects and teams to achieve their goals.

Two key roles that play a crucial part in this process are the functional manager and the project manager. Both positions have their unique responsibilities and tasks, but there are also some similarities between the two.

In this article, we will explore the differences and similarities between the functional manager and the project manager and how they work together to ensure the success of a project or organization.

Functional Manager Vs. Project Manager: Descriptions

Who is a Functional Manager?

A functional manager is a type of manager responsible for the day-to-day operations and management of a specific department or function, such as finance, marketing, or human resources.

They typically focus on the tasks and activities within their specific area of responsibility and work to ensure that the department is meeting its goals and objectives. They also may report to the company’s senior manager or CEO.

See this article: Project Manager Vs. Business Analyst: Differences & Similarities.

Who is a Project Manager?

A project manager is a professional responsible for planning, organizing, and overseeing the completion of specific projects within an organization. They ensure that the project stays on schedule, within budget, and meets the stakeholders’ expectations.

In addition, they also communicate with stakeholders to ensure that the project meets the objectives, and work with the team to identify and manage any risks that may arise. They also may report to the company’s senior manager or CEO.

Read also: Business Analyst Vs. Product Manager: Differences & Similarities

What are the differences between a Functional Manager Vs. Project Manager?

A functional manager is in charge of one part of an organization, like a department or team. A project manager is in charge of the whole project, including all the departments and teams that are involved. In a tabular form, the major differences are-

What is the Functional Manager Vs. Project Manager Job Outlook?

The job outlook for functional and project managers can vary depending on their specific industry.

Functional managers, such as finance managers, marketing managers, and human resources managers, may have a more stable job outlook as these functions are necessary for most organizations.

According to the Bureau of Labor Statistics (BLS), the job outlook for management occupations should grow 7% from 2019 to 2029, which is about as fast as the average for all occupations.

On the other hand, project managers may see a higher demand for their skills as organizations increasingly rely on project management techniques to plan and execute projects.

According to the Project Management Institute (PMI), the need for project managers should grow by 33% through 2027, which is much faster than the average for all occupations.

It’s worth noting that the job outlook for both functional and project managers is subject to change due to economic conditions and industry trends.

See this article: Entrepreneur Vs. Manager: Definitions, Differences, & Similarities.

What is the Functional Manager Vs. Project Manager Career Path?

The career path for functional and project managers can vary depending on the specific industry and organization, but there are some general similarities and differences.

Functional managers start careers as specialists or entry-level employees within a specific department or function. They may work up to a management role within that department or process. As they gain experience and demonstrate leadership skills, they may get promoted to higher-level management positions, such as director or vice president.

Project managers may also start their careers in entry-level roles within an organization, but may specialize in project management early on. They may then work their way up to a project management role and get promoted to higher-level positions such as program manager or portfolio manager. Some project managers may move into functional management roles as well.

Both functional and project managers may also choose to become consultants or freelancers to gain experience in different industries and organizations. They may also pursue advanced degrees such as an MBA to increase their skills and opportunities.

It’s worth noting that the career path can vary depending on the size and type of the organization and the industry the work. Some large organizations may have a more defined career path, while smaller companies may have more flexibility.

Check out: Product Manager Vs. Project Manager: Definitions, Similarities & Differences

What is the Functional Manager Vs. Project Manager Pay Like?

The pay for functional and project managers can vary depending on the specific industry, location, and experience level. However, there are some general similarities and differences.

Functional managers typically earn higher salaries than project managers, responsible for the day-to-day operations and management of an entire department or function within an organization. According to the Bureau of Labor Statistics (BLS), the median annual salary for management occupations was $105,660 in May 2020.

On the other hand, project managers typically earn less than functional managers as they have a more specific focus and are responsible for completing distinct projects. According to the Project Management Institute (PMI), the average salary for a project manager in the United States was $116,000 in 2020.

It’s worth noting that the pay can vary widely depending on the size and type of the organization and the industry they work. Some large organizations may offer higher salaries and benefits, while smaller companies may offer more flexibility. The location also can play a role in the wage, with some regions having a higher cost of living and higher salaries.

You should also read General Contractor Vs. Construction Manager: Differences & Similarities.

What are the Similarities between Functional Manager Vs. Project Manager?

Functional managers and project managers have some similarities in their roles and responsibilities. Both types of managers:

• Report to senior management or the CEO of the company
• Have a leadership role and are responsible for managing a team
• Are accountable for achieving goals and objectives
• Play a key role in decision-making and strategy
• Have to communicate with stakeholders and manage expectations
• Have to identify and manage risks

Both functional and project managers are responsible for managing budgets and resources and ensuring that their respective areas are running efficiently and effectively. The both types of managers also have to have a good understanding of their industry and the organization they work for and be able to adapt to changes and new challenges.

Finally, both functional and project managers should have good problem-solving, communication, and leadership skills.

See also: Construction Manager Vs. Project Manager: Differences & Similarities.

Which Career is best Between the Functional Manager Vs. Project Manager?

Whether a functional or project manager career is “best” depends on an individual’s personal preferences, skills, and career goals. Both types of managers can be rewarding and offer opportunities for growth and advancement.

Functional managers may be a good fit for individuals who enjoy managing the day-to-day operations of a specific department or function within an organization and are interested in developing a deep understanding of a particular area of expertise. They are also suitable for those who prefer a more stable and long-term organizational role.

Project managers may be a good fit for individuals who enjoy leading and managing specific projects, are comfortable working in a fast-paced environment, and are interested in working across different departments or industries. They are also a good choice for those who prefer a more dynamic and challenging organizational role.

Ultimately, the best career choice will depend on an individual’s skills, interests, and values. It’s worth researching both options and finding which aligns better with your goals, skills, and interests.

Also, read this article: Business Analyst Vs. Project Manager: Differences & Similarities.

Where can you work as a Functional Manager Vs. Project Manager?

Functional managers and project managers can work in a wide variety of industries and organizations.

Functional managers are often found in large companies and corporations, working in finance, human resources, marketing, and operations departments. They can also be in smaller and medium-sized companies and non-profit organizations.

Project managers can work in various industries, including construction, IT, engineering, healthcare, and manufacturing. They can also be in multiple organizations, such as consulting firms, government agencies, and non-profit organizations.

Some functional and project managers may choose to become self-employed or work as consultants, which can allow them to work with various companies and organizations.

It would be best to read: Hiring Manager Vs. Recruiter: Definitions, Differences, & Similarities.

What are the Educational and License Certifications for Functional Manager Vs. Project Manager?

The educational and license certifications for functional managers and project managers can vary depending on the specific industry and organization, but there are some general similarities and differences.

Functional managers typically have a bachelor’s degree in a relevant field, such as business administration, finance, marketing, or human resources. Some active managers may also hold a graduate degree, such as an MBA, which can provide additional skills and opportunities.

Project managers typically have a bachelor’s degree in a relevant field such as engineering, computer science, construction management, or business administration. Many project managers also hold a Project Management Professional (PMP) certification from the Project Management Institute (PMI). The PMP certification is a globally recognized project management standard and demonstrates project management knowledge and skills.

It’s worth noting that the educational and certification requirements can vary depending on the size and type of the organization and the industry they work. Some organizations may require certain certificates or advanced degrees for specific roles, while others may place more emphasis on experience and skills.

Overall, obtaining a certification or advanced degree can demonstrate a level of knowledge and skills in a specific field, which can increase the chances of getting hired and help advance a career.

Read also: Mayor Vs. City Manager: Definitions, Differences, & Similarities

Where can you get Educational and License Certifications for Functional Manager Vs. Project Manager?

Functional and project managers can obtain educational and license certifications from various sources, including universities, colleges, professional associations, and certification bodies.

For a bachelor’s degree, functional managers can study in universities, colleges, and other educational institutions that offer relevant fields such as business administration, finance, marketing, or human resources.

In addition. for a graduate degree, such as an MBA, functional managers can attend universities, colleges, and business schools that offer MBA programs.

For project managers, a bachelor’s degree can be from universities, colleges, and other educational institutions that offer relevant fields such as engineering, computer science, construction management, or business administration.

Project managers can take the PMP certification exam from the Project Management Institute (PMI) to become PMP certified. PMI offers an online application process, an exam schedule, and various study materials and resources to prepare for the exam.

It’s worth noting that there are other certifications for project managers, such as:

• PRINCE2 (PRojects IN Controlled Environments), which is widely used in the UK and internationally in the public and private sectors
• Scrum Alliance offers the Certified ScrumMaster (CSM) and the Certified Product Owner (CPO)
• Six Sigma has a certification program for project managers.
• IPMA (International Project Management Association) also offers certifications

These certifications get obtained by taking exams, attending classes, or completing a certain number of hours of training or experience. It’s essential to research the different certification options and choose the one that best aligns with your interests and career goals.

See also: Project Coordinator Vs. Project Manager: Differences & Similarities.

Is a career as a Functional Manager Vs. Project Manager worth it?

A career as a functional manager or a project manager can be rewarding and offer opportunities for growth and advancement. Both types of managers play an essential role in achieving the goals and objectives of the organization and have leadership responsibilities over a team.

Functional managers are responsible for the day-to-day operations and management of a specific department or function within an organization, and they have to understand the industry and the organization they work for. They may have a more stable and long-term organizational role and a higher salary than project managers.

Project managers, on the other hand, are responsible for the completion of specific projects, they have to be comfortable working in a fast-paced environment and may have to work across different departments or industries. They may have a more dynamic and challenging role within an organization and may have a higher demand for their skills.

Ultimately, whether a career as a functional manager or a project manager is worth it depends on an individual’s personal preferences, skills, and career goals. Both roles can be challenging and rewarding, but it is important to research both options and find which aligns better with your goals, skills, and interests.

Check this article: Entrepreneur Vs. Manager: Definitions, Differences, & Similarities

Frequently Asked Questions

What is the main difference between a functional manager and a project manager? 

A functional manager is responsible for the day-to-day operations and management of a specific department or function within an organization. A project manager is responsible for planning, organizing, and overseeing the completion of specific projects within an organization.

What education and certifications are required for functional and project managers?

Functional managers typically have a bachelor’s degree in a relevant field, such as business administration, finance, marketing, or human resources. Project managers usually have a bachelor’s degree in a relevant field, such as engineering, computer science, construction management, or business administration. Many project managers also hold a Project Management Professional (PMP) certification.

What type of work environment do functional managers and project managers work in? 

Functional managers are often found in large companies and corporations, working in finance, human resources, marketing, and operations departments. Project managers can work in various industries, including construction, IT, engineering, healthcare, and manufacturing.

What are the career growth opportunities for functional managers and project managers? 

Functional managers may get promoted to higher-level management positions, such as director or vice president. Project managers may get promoted to higher-level functions such as program manager or portfolio manager. Some project managers may move into functional management roles as well.

What type of skills are required for functional managers and project managers? 

Functional and project managers must have good problem-solving, communication, and leadership skills. Functional managers should have a good understanding of their specific department or function, while project managers should have a good knowledge of project management techniques and principles.

Conclusion

The roles and responsibilities of functional and project managers can vary depending on the industry and type of organization they are working in.

Finally, read Coordinator Vs. Manager: Definitions, Differences, & Similarities.

References

• https://www.zippia.com.
• https://climbtheladder.com
• https://www.jrothman.com

Recommendations

• Hiring Manager Vs. Recruiter: Definitions, Differences, & Similarities
• Business Analyst Vs. Project Manager: Differences & Similarities
• Construction Manager Vs. Project Manager: Differences & Similarities
• Mayor Vs. City Manager: Definitions, Differences, & Similarities