How to become a Project Manager in Web 3.0 space
- Blockchain
Most Web 3.0 companies, the next generation internet companies, are looking for talent in project management capabilities. Project Managers (PM) are responsible for managing pieces of work from ideation to project closure. PM manages projects (i.e., pieces of work) from start to end.
The five basic phases in the project management process are:
- Project Initiation
- Project Planning
- Project Execution
- Project Monitoring and Controlling
- Project Closing
One of the most crucial phases in the blockchain development cycle is the project initiation stage. In this stage, there will be project managers, clients, developers, and stakeholders. Project Managers are responsible for outlining the objective of the project, purpose, and the roadmap of the blockchain project to all the stakeholders. The team management falls under the purview of the blockchain project manager. You will primarily work on the project's token economy, processing systems, and database infrastructure with the team. You will oversee the entire blockchain infrastructure process if the project is not built on a token economy. The primary responsibilities of a blockchain project manager include resource reporting and monitoring, overseeing security protocols, transaction management systems, and implementing any unique features.
Apart from regular Project Management skills, to become a successful Web 3.0 PM, he/she must know:
- How does blockchain work?
- How is it different from other technical databases?
- When to use blockchain and when not to use blockchain
- Use cases of Blockchain
- When to use public blockchain and when to use private blockchain
- Whether Token omics are required for the use case or not
- How blockchain aligns with business objectives
- Does it make sense to investigate blockchain?
- What is the go-forward plan?
- What does a good use case look like?
- How can use cases be score carded and prioritized?
- To build Proof of Concept
- Designing and building a PoC
- Considerations for a production release
Some of the common Project Management skills are:
- Budgeting
- Agile project management
- Waterfall project management
- Stake holder management
- Team resource management
- Change management
- Working with PM Software Tools
To become a project manager, you must acquire a variety of abilities. IDS offers a wide variety of blockchain courses for working professionals as well as students. For learners, it offers aligned courses like Certified Blockchain Developers Course, Certified Ethereum Developers Course,Certified Hyperledger Developers Course.
By this getting certified in these courses, you can brighten your chance of landing a dream Project Management job in web 3.0 companies. There are multiple roles available as an entry level PM like Project coordinator, Operations coordinator, Associate project manager and Junior project manager. One can also join as an intern in any of the Web 3.0 start-up to embark their journey.
The other way to become a Project Manager is by gaining experience in the blockchain domain.
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Written by Pawan Manuwada, Project Manager, IDS