What primary role does a project manager play in capital projects?

A project manager plays a crucial role in capital projects by overseeing project planning, execution, and evaluation. This comprehensive responsibility means that the project manager is involved in the entire lifecycle of the project, ensuring that it adheres to timelines, stays within budget, and meets quality standards. They coordinate the efforts of various teams and stakeholders, monitor progress, resolve issues, and adapt plans as necessary to achieve the project's goals.

This role encompasses a variety of functions, which include creating detailed project plans, assigning tasks, leading meetings, and tracking deliverables. Additionally, they are responsible for evaluating the project's success upon completion, which helps to identify lessons learned for future projects. A project manager's ability to integrate these elements is essential for the successful delivery of capital projects, thus highlighting the importance of their position beyond just specific tasks.