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A project analyst coordinates data and information and prepares internal and external reports from various departments. The position is similar to an administrative coordinator. A project analyst must possess diligence and keep abreast of all programs created by management through evaluation which determines the efficiency of ongoing projects in the workplace. A project analyst is also called a project manager or project specialist.
A project analyst designs, develops and establishes key reporting standards for an organization or company. The analyst processes management reports and performance indicators for management to review concerning certain projects. With the consent of senior management, the analyst works on overall project planning and formulates reports based on project scheduling and timetables for deliverables.
A project analyst must be knowledgeable in all phases of a project management life cycle. The analyst must be able to use computer applications software such as Microsoft Project to track project schedule development, project control, risk management practices and issues, and project documentation processing and archiving. The analyst must inspire and foster an environment of cooperation between different departments and co-workers.
For the position of project analyst, many employers desire an individual with a bachelor's degree in business, business management, administration or finance. However, in most companies, a project analyst may start on-the-job training as an administrative assistant or office specialist and while in the position, meet further requirements by taking college or vocational courses.
According to PayScale.com, the five most popular industries for project analysts are government, management consulting, government contractor, military/armed forces and information technology services. As of June 2010, the average median salary for a project analyst with five to nine years of experience was $40,580 to $55,556.
According to the U.S. Bureau of Labor Statistics, a project analyst is considered as a management analyst or administrative coordinator. Also, the employment of project analysts (within the field of managerial analyst) was expected to grow 24 percent from 2008 to 2018. This is much faster than the average occupation. The largest growth was projected in large consulting firms.